Why choose Spain as a settlement destination?

Top 5 Reasons to Choose Spain as a Settlement Destination

1. Dynamic and potential economy

Spain is one of the world’s largest economies, ranking 14th globally and 6th in the European Union (EU) with a nominal GDP exceeding $1,200 billion (in 2023). Spain’s highly developed social market economy offers many attractive investment opportunities for international investors.

In particular, Spain is a pioneer in the field of renewable energy, with great potential for solar and wind energy. The Spanish government has set an ambitious goal of achieving 100% renewable energy by 2050. In addition, the country is also promoting the development of high-tech industries such as artificial intelligence, biotechnology and electric vehicles, in order to improve the quality of life of people and promote economic growth.

2. Diverse and unique culture

Spain is proud to possess a diverse and unique culture, which is clearly reflected in its unique architecture, which is a harmonious combination of European and Roman styles. Each city and region offers different cultural experiences, from the awe-inspiring Gaudi architecture in Barcelona to the magnificent beauty of the Alhambra in Granada. This cultural richness has attracted millions of tourists to explore Spain every year.

3. Affordable cost of living

Spain stands out for its affordable cost of living compared to many other Western European countries. In particular, the northern and southern regions of Spain attract a large number of immigrants thanks to their high quality of life but relatively cheap prices. This is because Spain is one of Europe’s leading exporters of vegetables, fruits, and food. With modern and developed agriculture, the food here is not only fresh but also very affordable. On average, the monthly cost of living in Spain ranges from 300 – 400 EUR, of which the cost of food only accounts for about 60 – 80 EUR.

4. Comprehensive healthcare system

The Spanish health system is ranked as one of the best in the world, renowned for its high quality of service and wide accessibility. According to the World Health Organization (WHO), Spain ranks 7th globally in medical and healthcare performance. As a universal health care system, all residents in Spain have access to high-quality, low-cost, government-supported health services.

5. Pleasant Mediterranean climate

Spain possesses a typical Mediterranean climate, with dry, sunny summers and mild winters. This climate is quite similar to the climate of Vietnam, making it easy for Vietnamese people to adapt and enjoy life here. The diversity of the terrain also offers a variety of climate types, from continental climates in the interior to alpine climates in the north, meeting the needs and preferences of many people.

Notes when living in Spain

Nap Culture (Siesta)

While nap culture offers certain health and mental benefits, it can also be inconvenient for those who are not familiar with it. Many stores and businesses close at noon, which usually lasts between 2 and 5 p.m., making it more difficult to shop or get work done during this time. Therefore, visitors and newcomers need to take note and plan accordingly to adapt to this habit.

Language barrier

Spanish is the official language in Spain and not everyone is fluent in English, especially in rural areas. This can make it difficult to communicate on a daily basis, from shopping, asking for directions to using public services. Therefore, learning basic Spanish is essential to integrate and enjoy life here to the fullest.

Complicated administrative procedures

Administrative procedures in Spain can be quite cumbersome and time-consuming compared to many other developed countries. Processes such as opening a bank account, applying for health insurance, or applying for a residence permit often require a lot of paperwork and complicated procedures. Therefore, newcomers need to study carefully and prepare all the necessary documents to avoid unnecessary troubles.

Living Hours

Spaniards tend to eat dinner later than in many other countries, usually starting from 9 p.m. onwards. Restaurants and bars are also often open late into the nightlife, creating a vibrant nightlife.

Respect for personal space

Spaniards tend to stand closer to each other when chatting and can touch the other person while talking. However, invading other people’s personal space is still considered impolite.

Tips

Tipping is not required in Spain, but if you are satisfied with the service, you can leave a small amount (about 5-10% of the bill) to the service staff.

Holidays and cultural events

Spain has many unique holidays and cultural events throughout the year. Learn and participate in these festivals to experience Spanish culture to the fullest.

Public transport

The public transportation system in Spain is quite developed, including the metro, buses, and trains. Using public transportation is a convenient and economical way to get around the city.

Rent

The housing market in Spain can be quite competitive, especially in big cities. Do your research on prices and rental terms before deciding.

Learn Spanish

Although English is spoken in some tourist areas, learning Spanish will help you better integrate with life and take advantage of more opportunities in Spain.

Conclude

Spain is a great country to live and work in, with many exciting opportunities and experiences. However, to have a favorable and successful life here, you need to learn about the culture, language, and regulations of this country carefully.