Usually they are designed to ease the initial operations of direct investment. Normally, the management of each type of incentive is the responsibility of the regional governments. This benefits investors since each Autonomous Community is especially interested in attracting investment that enhances its economy. Incentives granted by national, regional, or municipal governments and the E.U. are granted to Spanish and foreign companies alike without discrimination. The Constitution protects private ownership.
Spanish law establishes clear rights to private ownership.
Competitive equality exists between public and private firms with respect to local access to markets, credit, licenses, and supplies. Foreign firms have participated in the privatization process on equal footing with Spanish buyers. Protection of Property Rights Spanish law protects property rights. Enforcement is carried out at the administrative and judicial level. Any decision pertaining to a property right by the Administration can be appealed first at the administrative level, and then at the judicial level, which has three levels of court appeals.