JS 98: Startups in Spain’s Struggling Economy with Jaime Novoa Publisher & Author of ‘NovoBrief’

Jaime Novoa is today's JetSetter guest and he sits down with our host Jason Hartman to talk about Spain's current economy. Jaime runs a blog called Novobrief and in the blog he talks about what the investment landscape looks like and growing new businesses in the Spain market. In today's episode, Jaime talks about the unemployment rate, why Spain isn't entrepreneur friendly, Spain's current exit tax, and more. 

 

Key Takeaways:

2:00 – There's a big employment gap between the North and South of Spain. 

4:35 – The Spaniards are used to being taken care of by their parents well into their 30s.  

6:30 – Most young, ambitious Spaniards leave Spain to work in London or other highly-driven countries.

9:30 – Jaime talks about Spain's exit tax and what that means. 

13:40 – If you want to be self-employed, you have to pay a $250 Euro monthly fee even if you don't make profit. 

18:10 – Jaime hopes when young people leave Spain and see the true ambition in other countries that they will want to come back home and make a difference. 

 

Mentioned In This Episode:

NovoBrief.com