Advisory for Spain's industry competing in global markets
We advise manufacturers, industrial groups and companies in Spain's manufacturing sector on tax, legal and corporate matters, from value chain optimisation to industrial restructuring and international expansion.
Source: cifex · Seguridad Social · INE EEE · INE DIRCE
Spain’s manufacturing industry is one of the pillars of the national economy: with more than 125,250 active companies and 2,208,518 workers registered with Social Security, it generates aggregate revenue exceeding €695.9 billion and holds a 7.6% share within the industrial fabric of the European Union. The sector’s average gross margin stands at 7.0%, which demands highly refined financial and tax management to preserve profitability in an environment of elevated energy costs and intense international competition. The five-year survival rate of 45.6% reflects the severity of the industrial cycle and the importance of building a robust corporate structure from the earliest stages of growth.
At BMC we advise component manufacturers, steel groups, chemical companies, machinery manufacturers, automotive groups and other industrial operators on their tax, legal and corporate advisory needs. Our services include tax planning for industrial groups with international presence — transfer pricing, profit repatriation, value chain optimisation —, advice on industrial restructurings (ERE/ERTE, liquidations, subsidiary mergers), M&A transactions in the sector and the management of national and European industrial grants.
Industrial companies investing in automation, robotics or the digitalisation of their processes can benefit from R&D tax deductions that within Corporate Tax reach between 25% and 42% of eligible expenditure. Programmes such as the PERTE Chip, the PERTE Agroalimentario or just transition funds also offer non-repayable financing for green and digital transformation projects. Correctly identifying and articulating these incentives can make the difference between a viable project and one that is not.
We also advise on environmental compliance — environmental authorisations, waste liability, EU ETS compliance for CO2 emissions — and on energy and raw material supply contract management, which has grown increasingly complex in the current price volatility environment. With a 7.6% share of the European market and a revenue volume that places Spanish industry among the top ten in the EU, the opportunities for international growth are real, and BMC accompanies its clients at every step of that expansion.
Related Services for this Sector
Business Restructuring
Comprehensive advisory for financial and operational restructuring, helping companies navigate distress and emerge stronger.
Tax Planning
Legal and efficient tax strategies to reduce your company's tax burden and protect your personal wealth.
Employment Law
Comprehensive employment law services that protect your business and ensure compliance with Spanish labour regulations.
Mergers & Acquisitions
End-to-end M&A advisory to maximise value in every transaction your company undertakes.
Transfer Pricing
Transfer pricing policies and documentation that protect your group against audits and double taxation.
Outsourced CFO
An experienced finance director at your disposal without the cost of a full-time hire.
Key Sector Terms
Accelerated Depreciation in Spain (Amortización Fiscal Acelerada)
Accelerated depreciation (amortización fiscal acelerada) in Spain allows companies to deduct a higher proportion of an asset's cost in the early years of its useful life for Corporate Tax purposes, reducing taxable income sooner than straight-line accounting depreciation would permit. Spain offers both statutory accelerated tables and specific regimes for SMEs, newly hired personnel, and R&D assets.
EU AI Act
The EU Artificial Intelligence Act (Regulation EU 2024/1689) is the world's first comprehensive legal framework for artificial intelligence. It classifies AI systems by risk level, imposes obligations on developers, deployers, and importers, and establishes penalties of up to €35 million or 7% of global turnover for the most serious violations. It entered into force in August 2024 with phased compliance deadlines through 2027.
Annual Accounts (Cuentas Anuales)
Cuentas Anuales are the statutory annual financial statements that all Spanish companies must prepare, approve, and deposit at the Commercial Registry each year. They include the balance sheet, income statement, statement of changes in equity, cash flow statement (for larger companies), and notes.
Arbitration and Mediation in Spain
Spain has a well-developed framework for alternative dispute resolution (ADR). Arbitration is governed by Ley 60/2003 de Arbitraje (based on the UNCITRAL Model Law) and provides a binding, private process with enforceable awards. Mediation in civil and commercial matters is regulated by Ley 5/2012. Spain is a signatory to the New York Convention (1958), enabling international enforcement of Spanish arbitral awards in 170+ countries.
Autónomo — Self-Employed in Spain
An autónomo is a self-employed individual in Spain who carries out an economic activity on their own account. Autónomos must register with the AEAT for tax purposes and with Social Security (RETA regime), pay quarterly income tax instalments and VAT returns, and pay monthly Social Security contributions.
Balance Sheet in Spain
The balance sheet (balance de situación) is a statutory financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific point in time. In Spain, it is a mandatory component of the annual accounts (cuentas anuales) prepared under the Plan General Contable (Spanish GAAP) and filed at the Commercial Registry.
Frequently asked questions
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