Start a business in Spain: mission impossible?

With unemployment reaching record rates almost every month, families losing purchasing power and a dramatic credit crunch for small business, the situation in Spain does not seem very favourable for entrepreneurs and start-ups. In addition, the country has a one of the heaviest process for business creation, with taxes, authorisations and delays that make quite difficult initiate a new company. Is there any hope for entrepreneurs? There are three main challenges that anyone willing to invest in Spain is likely to face: