How much influence does the city you live in to open a new business? Of course, it all depends on the type of company or service you want to provide. But even in times where teleworking has diluted the importance of large cities for the professional future, it is clear that aspects such as the business fabric or something as obvious as the number of clients continues to play a major role.
The savings products company Raisin has created a ranking with which, according to its analysis, are the best Spanish cities in which to start a business.
To do this, they have weighted different indicators such as the number of registered companies, population, exports, GDP per capita or bureaucratic facilities in addition to quality of life. The result is a list that alternates large capitals with smaller ones.
The 10 best Spanish cities to start a business
This is the list prepared by Raisin with the national top 10:
- Palma de Mallorca
Madrid leads the ranking
Madrid is home to more than half a million companies and has managed to increase this number by 2.12% in the last year, despite the economic impact of the coronavirus crisis. That is why it is consolidated as the Spanish city that has managed to grow the most in this regard, followed by Valencia (2.03%) and Seville (2.02%).
In addition to having a large business network, Madrid also has a wide variety of initiatives and events aimed at supporting the financing of startups. One of them is Madrid Emprende, which aims to support the entrepreneurial spirit of Madrid’s citizens and the creation and growth of SMEs, values the platform.
Barcelona has an entrepreneurial ecosystem rooted for years, which is constantly evolving. That is why it continues to maintain itself as one of the best cities to open a company.
In terms of the benefits it offers to entrepreneurs, they are quite similar to those in Madrid. The city attracts a large number of talent each year due to the supply of financing , the population density and the organizations that support entrepreneurship. Organizations such as Barcelona Activa are in charge of supporting entrepreneurs in their growth and innovation. The Port of Barcelona is one of the main ports in Europe in the Mediterranean and is the third largest container port in Spain. Catalonia is the community that exports the most in all of Spain. 71,624 million euros, which contrasts with the figure for Andalusia (32,439 million euros) or the Community of Madrid (30,510 million euros).
Valencia closes the podium
Valencia is the third most populated city in our country and benefits from various incubator and accelerator programs to support business initiatives in the city.
The Levantine capital concentrates one of the largest commercial activities on the peninsula and has a very established entrepreneurial culture. In fact, it is the third Spanish city that has grown the most in the number of companies in the last year.
The costs to open a business are cheaper than in cities like Madrid or Barcelona, which makes it more accessible for entrepreneurs who do not have a high initial capital. This includes rentals and sale of properties cheaper and more accessible than in other cities.
In addition, if the company carries out import and export activities, it can benefit from Valencia’s proximity to seaports, lowering costs.
Seville, the city where more new companies have been born
Despite the economic and social stoppage of the last two years, Seville has managed to be one of the Spanish cities where more companies were born between 2019 and 2020, only surpassed by Madrid and Valencia.
A large number of business resources such as Sevilla Emprendedora y Empresas are in charge of advising, training and accompanying entrepreneurs. And not only for that, but also because it offers considerably lower costs than the rest of the cities mentioned above , which makes the Andalusian capital an ideal location to start a business for the first time.
It should also be noted that the Andalusian autonomous community is positioned as the second largest exporter in Spain (32,439 million euros), only behind Catalonia. This export sector acts as a lever for growth and allows Seville to expand its presence in international markets.
Pamplona combines quality of life with entrepreneurship
To close the fifth position as the best city in Spain to undertake, Pamplona takes it. The capital Navarra enjoys an ideal location for a logistics operation that requires easy access to much of Europe. Its privileged geographical position along the Pyrenees facilitates business between the Iberian Peninsula and the rest of Europe, which makes it prosper in international business.
Likewise, it is considered one of the Spanish cities with the best quality of life, of which the quality of the health care available, the security of the region or the proliferation of innumerable green areas free of pollution stands out, they explain from Raisin.