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Doing business in Spain
Insights on the Spanish economy, culture and business etiquete,


Atland Voisin enters Portugal with €20m
Atland Voisin has acquired four senior residences in Braga, Santarém, Leiria, and Coimbra for approximately €20 million, structured as a sale and leaseback across two of its managed funds. The deal marks Portugal's first named entry onto the French SCPI map. By Q1 2025, domestic investment represented only around 20% of SCPI acquisitions across the sector, and last year French SCPI funds allocated nearly €2.3 billion across Europe excluding France, with Spain as a leading tar
Jun 202 min read


NeuralTrust raises $20M on AI agent security
Joan Vendrell, co-founder and CEO of NeuralTrust, has closed a $20 million seed round to build the control layer that tells enterprises what their AI agents are actually doing. The round was led by Munich-based Alstin Capital, whose Alstin III fund raised €175 million in 2024 and typically writes tickets between €2 million and €7 million at seed. NeuralTrust received a cheque several multiples above that range. Co-investors include VentureFriends, Seaya, Kibo Ventures, Banc S
Jun 193 min read


Primark puts €225 million into Spain
Carlos Inácio, Managing Director of Primark Iberia, disclosed at the ExpoRetail Iberoamérica trade fair in Madrid on 18 June 2026 that the Irish retailer has invested €225 million in Spain over the past three fiscal years, opening 20 new stores and fully renovating 26 existing locations across the country. The figure is the cumulative total of a multi-tranche programme that began when Primark committed €100 million to Spain in 2022, covering eight new stores and a package of
Jun 182 min read


Primor signs €3m Korean beauty LOI
Perfumerías Primor, a Spanish family retailer operating more than 150 stores across Spain and Portugal and an e-commerce platform that draws over 17 million users, has signed a €3 million letter of intent to distribute Korean beauty products, the largest single outcome from the K-Expo trade consultation event held in Madrid on 12 and 13 June 2026. The LOI gives Korean beauty brands immediate access to Spain's largest value-positioned beauty retail network at a single stroke,
Jun 162 min read


Spain's digital DNI becomes legally binding
Spain's Interior Ministry has activated the mandatory compliance deadline for its digital national identity system. From 2 April 2026, every public administration and private-sector entity operating in Spain is legally required to accept the MiDNI mobile application as a valid form of identification, carrying equal legal weight to the physical DNI card. The legal foundation is Real Decreto 255/2025, published in the Boletín Oficial del Estado on 1 April 2025. That decree, the
Jun 152 min read


How to navigate the Spanish public sector procurement culture
The Swedish software firm had done everything correctly. They had registered on the public procurement platform. They had attended the pre-tender briefing. They had submitted a technically superior proposal at a competitive price. When the contract was awarded to a local competitor whose bid was higher and whose technical score was lower, the Swedish team requested the evaluator's notes, cross-referenced the scoring, and concluded that the process had been manipulated. They w
Jun 147 min read


Corteva closes Asturias plant before spin-off
Corteva Agriscience has announced the closure of its crop protection plant in Valle de Tamón, Carreño, Asturias, as part of a restructuring programme now projected to cost between $750 million and $815 million in aggregate pre-tax charges. The announcement was made on 12 June 2026. The Asturias site was not a peripheral facility. Corteva operated it as a phytosanitary active-ingredient production plant, a European and Global Services Centre of Excellence, and a water treatmen
Jun 132 min read


OpenAI opens its first Spain office
Emmanuel Marill, OpenAI's General Manager for EMEA, has confirmed the company will open its first office in Spain, located in Madrid, in the second half of 2026. The hub will be staffed by locally hired talent across customer relations, technical, and public policy roles, with the precise location and recruitment timelines to follow in the coming months. OpenAI builds consumer and enterprise AI products on large language models, ChatGPT for end users, ChatGPT Enterprise and t
Jun 122 min read


WeRide and Uber launch Madrid robotaxi
WeRide (NASDAQ: WRD) and Uber announced on 2 June 2026 that they will launch Spain's first commercial robotaxi pilot in the Region of Madrid, with passenger trials scheduled between summer and autumn and a full service set to open in December. The deployment is structured around three parties bound by existing capital ties. WeRide provides the WeRide One L4 autonomous driving software stack, licensing it to fleet operators rather than owning vehicles itself. Uber supplies the
Jun 113 min read


Primark bets €45 million on Portugal
Nelson Ribeiro, Head of Sales for Primark Portugal and Spain, has confirmed a €45 million investment to open four new stores and expand one existing location across Portugal, bringing the brand's national network to 18 stores by summer 2027. The first of the new openings will be at Alegro Setúbal. Further stores will follow at GaiaShopping in Vila Nova de Gaia and at Forum Castelo Branco. The fourth opening is the most significant: a flagship on Rua de Santa Catarina in Porto
Jun 102 min read


Aquafuture Spain opens 2027 Vigo bookings
Aquafuture Spain has opened commercial marketing and space reservations for its fourth edition, scheduled for 18 to 20 May 2027 at the Vigo Trade Fair Institute (IFEVI). The event is Spain's only dedicated aquaculture industry trade show and the second largest on the European calendar, covering the full value chain from marine and freshwater fish production to mollusc farming, feed, animal health, equipment, engineering, and emerging fields including algae cultivation. Its cl
Jun 62 min read


Fitch Learning buys majority stake in Founderz
Fitch Learning and HearstLab have acquired a majority stake in Founderz, the Barcelona-based AI business school co-founded by Anna Cejudo and Pau Garcia-Milà. Financial terms were not disclosed. Founderz sells certified AI training programmes to professionals and corporate teams, competing directly with LinkedIn Learning, Coursera, and Skillsoft in the corporate upskilling market. Where those platforms rely on static, slide-based content, Founderz combines real-time collabora
Jun 62 min read


WeRide and Uber launch Madrid robotaxis
Spain's Dirección General de Tráfico has authorised 44 autonomous vehicles to begin passenger trials in Madrid, clearing the way for a commercial robotaxi service expected to launch in December 2026. The pilot is a joint operation by WeRide (NASDAQ: WRD) and Uber, executed in collaboration with the Madrid regional government. The service will be bookable through the Uber app. Vehicles will initially operate in controlled areas along pre-defined routes, with a safety operator
Jun 53 min read


OmegaPro manager arrested in Tenerife
Spanish Guardia Civil detained a senior manager of defunct crypto platform OmegaPro at a hotel in Tenerife on 4 June 2026, acting on an international arrest warrant issued by the FBI. The suspect, whose identity has not been publicly confirmed, was brought before a local judge and subsequently transferred to the National Court in Madrid, which will process the American extradition request. OmegaPro was incorporated in 2018, registered in the Caribbean, and headquartered in Du
Jun 53 min read


Factorial raises $150m at $2.5bn valuation
Jordi Romero, Bernat Farrero, and Pau Ramon Revilla have closed a $150 million Series D for their Barcelona-based HR and business management platform Factorial, at a valuation of $2.5 billion. The round was announced on 3 June 2026. General Catalyst led the round, marking its first direct equity stake in Factorial. Atomico and Four Rivers also participated. Alongside the equity investment, General Catalyst is committing up to an additional $540 million through its Customer Va
Jun 33 min read


Mingyang eyes Spain after UK block
Mingyang Smart Energy, the Chinese offshore wind turbine manufacturer whose planned £1.5 billion Scottish factory was blocked by the UK government on national security grounds, is in active discussions with the Spanish government over a potential European manufacturing base. The company produces large-scale offshore wind turbines, principally its MySE 18.X series, rated above 18 MW, alongside solar, storage, and hydrogen systems. It ranks as the fifth largest wind turbine man
May 213 min read


Bison Bank launches Portugal's first bank stablecoin
Bison Bank launched EUB and USB on 6 May 2026, becoming the first bank domiciled in Portugal to issue MiCA-compliant electronic money tokens pegged one-to-one to the euro and the US dollar respectively. Each token in circulation is fully backed by the corresponding fiat currency held on Bison Bank's balance sheet. The Lisbon-headquartered institution holds a full Banco de Portugal credit institution authorisation and operates Portugal's only bank-owned Virtual Asset Service P
May 213 min read


VendinGo acquires Caffier to own the roast
🇵🇹 Gabriel Marques dos Santos and Airton dos Santos Pedro, co-founders and co-CEOs of VendinGo, have announced a €1.8 million investment to acquire Portuguese roastery Caffier and build a dedicated coffee manufacturing and roasting division at the company's iPark base in Oliveira do Bairro, Aveiro. VendinGo supplies procurement, stock management, and logistics to vending machine operators across Portugal and Spain. It serves more than 800 active clients and is present in mo
May 202 min read


Bank of Portugal cuts mortgage income limits
🇵🇹 The Banco de Portugal is preparing to reduce the maximum debt-to-service-to-income (DSTI) ceiling on new home loans from 50% to 40%, a move that would cut off a cohort of borrowers who entered the market precisely because a state guarantee removed the deposit barrier without addressing income-serviceability risk. The measure is to be presented to banks the week of 19 May 2026, with implementation targeted for the start of summer 2026. It will apply to all new mortgage or
May 183 min read


LaLiga's IP blocks reach parliament
Spain's Commission on Economy, Trade and Digital Transformation voted on 29 April 2026 to direct the government to reform the legal framework enabling LaLiga's mass IP blocking regime, a cross-party initiative backed by PSOE, ERC, Sumar, Bildu, PNV, and Compromís that marks the first institutional challenge to a court order giving a private sports league unilateral, real-time control over Spanish internet routing. The blocking regime rests on a single judgment issued on 18 De
May 174 min read
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