MIRANDA DEL EBRO

Miranda de Ebro is a Spanish city located in the north of the country, belonging to the province of Burgos, in the autonomous region of Castilla y León.

With 35,477 inhabitants, it is the second city in the province behind Burgos.

It is a city with a strong industrial and logistical character thanks to its proximity to the Basque Country and La Rioja. Currently, Miranda is the fourth most industrialized city in the Castilla y León region after Valladolid, Burgos and Aranda del Duero.

Miranda has multiple advantages at a geographical, economic-fiscal, political and bureaucratic level. In addition, it has developed and is currently participating in multiple initiatives that make Miranda de Ebro an attractive city at a business level in the northern corridor of Spain. Of the multiple measures and initiatives adopted, the following stand out:

1) Preferential access to industrial land.

There is the possibility of benefiting as an investor from grace period of payment for at least 3 years.

Land prices encourage investment thanks to an average price of 9 euros per m2 during 2020 or a life lease of an average of 20 euros per 1000 m2.

Currently Miranda de Ebro has about 2 million m2 available.

2) Strategic location.

Within a 90 km radius are the cities of Bilbao (90 km), Burgos (80 km), Logroño (60 km) and Vitoria (30 km).

For road transport, Miranda de Ebro has the main roads in Spain (A1, AP-68, N1, N124, N232, etc). This makes Miranda de Ebro stand out as a city strategically located on the main routes with both Europe and Spain.

• European route E05, connects France, Spain and Morocco.

• European route E80, connects Portugal, Spain and France.

• Northern Motorway connects Madrid, Aranda de Duero, Burgos, Miranda de Ebro, Vitoria, Alsasua, Lasarte and Oria.

• Northern Highway connects Burgos, Miranda de Ebro and Armiñón.

3) Intermodal Logistic Center.

By rail transport Miranda de Ebro has connections through the lines that link Madrid-Irún-Paris, Lisbon-Irún-Paris, Bilbao-Miranda de Ebro, A Coruña-Barcelona and Madrid-Bilbao. This is complemented by the Miranda Container Terminal in Rottneros soils that turns Miranda de Ebro into a fundamental spot of the Mediterranean Corridor and the Atlantic Corridor in the Trans-European Transport Network.

For air transport, Miranda de Ebro has 4 nearby airports:

• Vitoria Airport, located 35 km from the municipality. This airport has regular flights, but above all it is specialized in the transport of goods, being the fourth with the largest volume of goods behind that of Madrid, Barcelona and Zaragoza.

• Bilbao Airport, 90 km.

• Burgos Airport, 80 km.

• Logroño Airport 80 m.

From the sea, Miranda de Ebro is located 90 km from the port of Bilbao, 120 km from Pasaia and 160 km from the port of Santander.

4) Exempt taxation

Miranda de Ebro has multiple rebates and exemptions, the most notable of which are:

• Rebate of 95% of the Construction, Installation and Works Tax for the construction of warehouses and plot works.

• Exemption in the payment of the Activity License.

• 95% rebate on the Real Estate tax.

• Exemption in the payment of the Business Activities Tax (IAE in its Spanish acronym) during the first two years and the reduction of the fee for the next 5 years to 50%.

In addition, for the creation of employment or increase in the staff with an indefinite contract, the following rebates will be applied in the Business Activity Tax.

5) Non-repayable grants.

Local grants:

• Incubator: Up to € 20,000 non-refundable grant to cover 80% of the loan formalization and maintenance expenses necessary for the start of the activity.

• Old Town: up to € 10,000 non-refundable grant to cover 80% of the expenses derived from carrying out works or renovations for the opening of a commercial premises or for its modernization, expansion or refurbishment.

Regional incentives: basic non-refundable grant of up to 10% for large companies, 20% for medium-sized companies and 30% for small companies.

6) Tailor-made financing.

The business establishment in Miranda de Ebro has preferential financing conditions.

All those companies that develop stimulation and entrepreneurship projects in Miranda de Ebro will be included in the Financial Shuttle. This shuttle covers up to 90% of the investment with payback periods of up to 40 years.

In addition, there will be a Social Risk Fund of 3 million euros committed through the Territorial Development Program (up to a maximum of 49%) in viable industrial projects to be implemented in the municipality of Miranda de Ebro.

7) Accessibility to talent.

Miranda de Ebro offers companies a large pool of qualified professions on a continuous basis, thanks to the multiple professional training centres with a high level of specialization.

8) Technological resources.

Miranda de Ebro has the Miranda de Ebro Technological Centre, considered one of the most important territorial centres. This centre carries out work and development in areas such as:

• Continuous R + D + I work.

• Technological and technical services.

• Training for ISO Standards certificates.

• Training service for companies.

9) Customer-Provider Network

There is a package of measures to help companies not only to establish themselves, but also grow and establish customer-supplier relationships.

In addition, Miranda de Ebro will have the Customs service, thus eliminating administrative barriers in the control of merchandise.

1) Local grants:

• Incubator: Up to € 20,000 non-refundable grant to cover 80% of the loan formalization and maintenance expenses necessary for the start of the activity, the occupation of the spaces in which the business activities will take place, the expenses (both private and common), the expenses derived from the registration of the activity, in relation to the social security contributions, the expenses derived from advertising, the expenses derived from the management of the prevention of occupational risks, and the expenses derived from the hiring of personnel , in order to subsidize salary expenses (Payroll and Social Security in charge of the company or self-employed, relative to the job created).

• Old Town: up to € 10,000 non-refundable grant to cover 80% of the expenses derived from carrying out works or renovations for the opening of new commercial premises or for its modernization, expansion or refurbishment.

2) Regional incentives

Basic non-refundable grant of up to 10% for large companies, 20% for medium-sized companies and 30% for small companies.