The Rediscovery of the New World – Spanish and Latin American Business Culture in Interaction. Myth or reality? For many decades, Spain has been considered a bridgehead to the emerging markets of Latin America. Since the middle of the 1990’s, when large Spanish corporations established themselves on the new continent, the idea of a new discovery has grown. This article therefore will examine whether the success of foreign companies in Latin America is primarily a Spanish phenomenon, determined by the common cultural roots of Spain and Latin America and consequently by a similar communicative style. In other words, is there a high synergy potential, which is responsible for the Spanish successes in the New World and if so, how can this best be described? Or, alternatively, can this Spanish business success simply be understood as the result of intelligent strategies and accurate market analysis?