Foreign Entrepreneurs: 2021-2024 Startup Boom
- Foreign nationals account for 96.5% of the increase in self-employed workers in Spain over the past four years, according to the Association of Autonomous Workers (ATA).
- ATA reported that the number of foreign self-employed workers increased in all but two of SpainS autonomous communities: Ceuta and Melilla.
- In nine autonomous communities,the overall number of self-employed contributors to the RETA (Special Regime for Self-Employed Workers) decreased.
Foreign entrepreneurs are driving Spain’s self-employment boom! A recent report reveals that foreign nationals account for a staggering 96.5% of the growth within the past four years, with Spanish entrepreneurs representing a small fraction. This surge,analyzed by the Association of autonomous Workers (ATA),shows a significant shift,particularly in regions like the Valencian Community,where the influx of foreign self-employed workers far surpasses the growth of spanish nationals. These entrepreneurs are revitalizing traditional sectors like trade and agriculture while fueling expansion in construction, hospitality, and professional services. find detailed insights from News Directory 3 about this significant trend,including how construction and hospitality have grown. Discover what’s next for this dynamic shift.
Foreign Nationals Dominate Self-Employment Growth in Spain
Foreign nationals account for 96.5% of the increase in self-employed workers in Spain over the past four years, according to the Association of Autonomous Workers (ATA). This means that as March 2021, new Spanish entrepreneurs represent a small minority, with fewer than 4,000 compared to 104,338 foreign-born individuals.
ATA reported that the number of foreign self-employed workers increased in all but two of SpainS autonomous communities: Ceuta and Melilla. Andalusia, the Canary Islands and Madrid were the only communities where the growth of Spanish entrepreneurs outpaced that of foreign nationals.
In nine autonomous communities,the overall number of self-employed contributors to the RETA (Special Regime for Self-Employed Workers) decreased. this decline was attributed to a reduction in the number of Spanish entrepreneurs in Aragon, Asturias, Cantabria, Castilla y León, Castilla-La Mancha, Galicia, Navarra, Euskadi and La Rioja. However, the number of foreign self-employed workers increased in each of these regions, though not enough to offset the overall decline, ATA said.
The valencian Community saw a significant increase of 22,391 foreign self-employed workers, compared to just 2,134 Spanish nationals.
Traditional Sectors Supported by Foreign Workers
Lorenzo amor, president of ATA, said that foreign self-employed workers have helped offset declines in traditional sectors such as trade and agriculture. They have also fueled growth in construction, hospitality and professional services.
The ATA report highlighted significant increases in foreign self-employed workers in construction (17,446), professional, scientific and technical activities (13,906), hospitality (12,670) and information and interaction (11,115).