The municipality of Malaga is the beating heart of Andalusia, renowned for its clean idyllic beaches hugged by the bright blue Mediterranean Sea.
But did you know that this haven of southern Spain is also a lucrative location for businesses and technological innovation?
Backed by years of local expertise and experience in the Malaga area, our financial specialists explain the reasons behind this city’s magnetism for drawing in entrepreneurs and companies – keep reading to find out more.
Why are companies attracted to Malaga?
Malaga has established itself as one of Europe’s most favourable hotspots for international companies to create new bases, thanks to its high-quality infrastructure and low setup and operating costs – especially compared to the major economic hubs of Madrid and Barcelona.
The business and technology hub of the Costa Del Sol
Malaga is particularly attractive to businesses in the technology and investment sector,
so much so that tech and software giants like Google, Vodafone and Oracle have set up shop here. Oracle Spain’s general manager, Albert Triola, described the area as, ‘one of the most dynamic and buoyant areas for IT development’, which is why it was chosen for their international innovation hub.
According to Diario Sur, Malaga has seen the biggest growth in technology-related employment across Spain, highlighting this vibrant city’s ever-developing business ecosystem.
So, what’s created this increase? Well, it’s due to this city’s booming business community, especially within the Malaga TechPark, built on the back of the area’s long-standing telecommunications industry. The park is home to more than 600 companies and maintains a beneficial relationship with the University of Malaga.
What’s more, this boom in technological investment has also benefited businesses in other sectors within Malaga, such as Tourism, Hospitality, Meetings, Conferences and Exhibitions (MICE), real estate and retail, among others.
What’s so appealing about working in Malaga?
Whether you’re considering growing a business in Malaga or are tempted to take a job opportunity in the tech crowning jewel of Spain, you’re most likely eager to know what living in Malaga looks like.
So, is Málaga a good place to live for executives and business professionals?
A favourable climate
If you’re a company owner, attracting the best talent is easy when you can promise hot summers, mild winters and, according to the Met Office, around 325 days of sunshine per year. Or, for employees, you could view this as one of the perks of the job that many other places can’t offer.
Excellent transport links
If you choose to relocate to the Costa Del Sol, you won’t struggle to get around! Malaga is a well-connected strategic location where people can benefit from the following transport links:
- Malaga International Airport, connecting the rest of the world to Andalusia
- High-speed trains to Madrid (2.5 hours) and Barcelona (5 hours)
- Commuter trains that run to and from the airport, coastal towns, local shopping centres and nature reserves
- Metro de Malaga as an alternative to other transport options
- An efficient bus network for inner-city, long-distance connections
- Malaga Bici – an efficient inner-city bike hire system if you prefer cycling from A to B
- Taxis, Uber and other private car hire services
Wide recruitment pool
Since the pandemic, businesses in Malaga have been able to recruit high-calibre employees as a result of introducing remote or hybrid working models. Adaptable ways of working are very appealing and give talent the flexibility to work in a way that best suits them – and, in turn, your company should see greater results.
High-end properties
Whether you opt for a rental or choose to buy property in Spain, there are plenty of desirable homes to pick from in Malaga.
Maybe a classic Mediterranean home with stucco walls, a traditional tiled roof and a private pool? Or a luxurious apartment in the heart of Malaga city centre, close to nearby amenities? There’s something to suit all preferences here.
Leisure and social opportunities
However you like to wind down after work or spend your free time, there’s something to occupy everyone in this coastal paradise.
Part of the Málaga lifestyle involves eating out at local restaurants and enjoying its irresistible coastal cuisine, often made up of fresh seafood and tapas – a traditional Spanish classic.
Golf lovers can relax and play across over 60 golf courses, taking in the majestic Spanish landscape as they work on their swing.
Or, if you’re a culture vulture, you can explore the city’s many famous landmarks on your days off, such as the Pablo Picasso museum and historical sites such as Malaga Cathedral or the Roman Theatre.
The Andalusia region also has plenty of scenic hiking routes, designer shops and entertainment attractions to keep you occupied.
Having extensive first-hand experience in the region, we can almost guarantee that sunseekers who love to mix business with pleasure won’t be able to get enough of this dreamy coastal gem.
Need specialist advice?
If you’re looking to purchase property in Spain and need advice, you’ve come to the right place.
At Fluent Finance, our mortgage experts have the knowledge to guide you through the property financing process in Spain.
Give us a call today on 0034 952 85 36 47 or email us at info@fluentfinanceabroad.com, and we’ll get back to you to answer your queries ASAP.
