Spain is a vibrant and diverse market where you have good chances of introducing a new product. As of the latest data, Spain has a population of approximately 47 million people. According to the World Bank, Spain’s GDP per capita was about $30,370 in USD as of the last reporting year.
WHAT DO YOU NEED TO KNOW ABOUT SPANISH BUSINESS CULTURE?
The business culture in Spain is generally relaxed. Spaniards value trusting relationships. While they may greet one another by kissing on the cheeks, you do not need to do so in business meetings. A handshake is more recommendable. Being great conversationalists, they will ask you about your background and personal life. Your honesty will gain trust and be a foundation for your business relationships. It is advisable to stay humble and non-confrontational.
WHAT ARE NEGOTIATION TACTICS IN SPAIN?
- Do not be surprised if meetings do not follow the agenda.
- If you want to discuss your business over a meal, you need to inform your counterparts in advance. Do take notes that in Spain, meal time is meant to relax and not to close deals. The one who invites will be the one to pay the bill.
- Presentations can go at length.
- The way you dress while doing business is important.
- Personal networks are essential in this country. It will be beneficial if you have a local representative with an extended network.
- Negotiations should only begin after you have already established the relationships.
- Final decisions depend on people with senior positions in the company.

