Valencia is a region that provides many investment incentives for the foreign investor. The Government offers low operating costs and financial incentives in order for companies to have an opportunity to yield high investment returns in Valencia. The entire region of Valencia is eligible for investment incentives to a maximum of 30 percent of total investment. Financing is also available as long term credit with a rebate on the interest rate. Also, the regional and central governments have available employment incentives and tax credits to promote the hiring of workers, along with training incentives and financing for research and development at zero percent interest rate.
Most Spanish banks offer a complete range of services.
In addition, approximately fifty foreign banks have branches in Spain, which deal with nearly all transactions carried out by foreign companies operating there. Fifty-one banks or savings banks have their head office in the Valencian Region. According the Valencian Statistics Institute, these banks, along with the other entities, have a total of 3,839 branches. Not unlike its European counterparts, the Spanish financial system has undergone a process of change and modernization which has been characterized by the appearance and development of new markets, the proliferation of intermediaries and agents, and remarkable innovations in products and services. The Stock Exchange is another powerful instrument in the Valencian region' s financial system, and is one of only four in Spain.