Largest number of Málaga business startups since 2007

The province of Málaga recorded the creation of no fewer than 5,177 new companies in 2015.

With property sales, mortgage approvals and holiday bookings all increasing by leaps and bounds, the latest affirmation that Spain’s economic recovery is well and truly taking hold, this time comes in the shape of business startups – and the news that the province of Málaga (home to the Costa del Sol), recorded the creation of no fewer than 5,177 new companies in 2015, the highest number since the days before the crash in 2008…

Leading the charge in Andalucía, Málaga province had a year-on-year increase of 8.5%, followed by the province of Sevilla which, in 2nd place, registered 1,500 fewer business startups than its sister province.

Meanwhile, figures published today by the INE (National Statistics Institute), show that – at a national level – a total of 9,443 new companies were constituted in January 2016, representing a rise of 14.7% when compared with January 2015.

According to further INE data just released, nationwide it was the autonomous communities of Cataluña, Madrid and Andalucía that recorded the highest number of business startups in January of this year, with 2,183, 1,823 and 1,570 respectively.

Additionally, of those companies constituted in Spain in January 2016, it was the real estate, finance and insurance sector that registered the most subscribed capital (nearly €293 million), while the information and communication sector presented the lowest (€2.22 million).