Investments from Latin America in Spain are on the rise, predominantly driven by Mexico and Argentina.
The primary attraction includes access to the European market and favorable investment conditions like Spain’s “golden visa” program.
This program provides a visa when a minimum of US$500,000 is invested, typically in real estate.
Over 500 Mexican companies have established themselves in Spain, resulting in investments exceeding EUR30 billion.
The primary sectors include construction, real estate, hospitality, and finance, largely in the Madrid region.
Argentina ranks as the second-largest investor, with investments totaling over EUR9.369 billion, per the Global LATAM 2022 report by ICEX.
Argentine investments are spread across technology services, food and pharmaceuticals, and newer sectors like technology, logistics, and gastronomy.
The largest economy in Latin America, Brazil, continues to invest in Spain, although volumes are less than their historical peak five years ago.
Brazilian companies primarily focus on construction, infrastructure, metallurgy, footwear, and healthcare.
Meanwhile, Colombia’s investment in Spain has been comparatively lower, concentrating on aviation, packaging, food, insurance, services, and fashion.