Even though Spain is gradually recovering from the recent economic crisis it still has the fifth largest economy in the EU. It is considered as one of the best places for startups. The country offers a friendly tax system. If you are a freelancer and make less than € 22.000 a year, you only pay a fixed amount of €55 first 12 months and then €286 for your social security. Each year Spain welcomes thousands of new residents, which makes it easy to find international expertise. The University of Valencia is one of the leading in Spain. Founded in 1499 it educates over 60 000 students, 10% of which are international. These young professionals then continue their pass in the financial city district. The cost of living in Valencia is significantly lower in comparison to Barcelona (21%) and Madrid (18%), making it a great choice if you are low on budget.
