Seller's Starting Guidelines
Selling your Tenerife business could be a lengthy and challenging process. By taking the decision to market your business you have most likely concluded the time is right for you to take on your next challenge, so you want to move fast and achieve a successful sale of your Tenerife business for a good price. The process of selling a business is more complicated than a comparable house or apartment sale. It requires greater involvement and a deeper knowledge of local requirements and regulations applicable to Tenerife businesses, professional standards when dealing with sensitive confidentiality issues, tax matters, liabilities, licensing requirements and much more.
Read more: Seller's Starting GuidelinesChoosing Your Tenerife Business
Running a successful business in Tenerife is the same as in any other place or country – it requires thorough preparation, lots of hard work, enthusiasm and a high level of commitment. Once you have decided to go into business in Tenerife for yourself, you have already taken the first big step. There are lots of different Tenerife businesses on offer, but before you rush into something which looks very tempting, there’s a lot to consider. Making the right choice of a business that will match your personal needs, capabilities and future aims is the most important first step on your way to success.
Read more: Choosing Your Tenerife BusinessBusiness Legal Structures
Your new Tenerife business will, by law, need an administration and tax reporting structure. Whether you are buying an existing Tenerife business or planning to start a new venture from scratch you will need to decide during the planning phase, the most suitable type of legal structure which will suit both your short-term and long-term business aims. There are many kinds of business entities in Spain, each type is regulated differently and has its own rules. Your liabilities, responsibilities, accounting requirements and taxes will all depend on the selected legal structure of the business. The cost and complexity of the procedures for setting up your Tenerife business will vary for the different legal entities. It is therefore highly advisable to use the services of a qualified professional such as tax and legal advisors (gestors).
Read more: Business Legal StructuresBusiness Buying Options
Buying an existing business in Tenerife can be advantageous, as along with the inventory of working equipment, fixtures, fittings and furniture one also acquires an established business concept and the goodwill and reputation built through years of operation and a loyal customer base, which is normally reflected in the past and actual earnings figures. Those factors along with the business location, size of premises, form of business ownership and future earnings potential determine the price of the business for sale. Most common options of buying business in Tenerife are Leasehold or Freehold business purchase. From the other hand, renting of business can be an alternative to buying.
Read more: Business Buying OptionsBuyer's Starting Guidelines
The majority of small Tenerife businesses for sale belong to the catering and entertainment industries. There is a wide range of establishments such as bars, cafes, restaurants, pubs, night clubs and discos. Also in demand are services around property sales, business sales, property rentals and property management, as well as professional services and specialized craftsmen. The process of property/business purchase or starting a new company will have its specific local regulations, which can be efficiently dealt with when using the services of local professionals, such as Tenerife business sales agent, Tenerife lawyer and Tenerife gestor.
Read more: Buyer's Starting GuidelinesUseful Information
Welcome to FRINA Tenerife business and general information pages. Here you will find information about general rules, regulations, traditions, common practices and habits, as well as our tips and recommendations related to buying, owning and selling business in Tenerife, relocating and settling down, as well as enjoying life on this beautiful island.
Read more: Useful InformationTenerife Business
Welcome to FRINA Tenerife business website, the extensive source of information and wide portfolio of businesses in Tenerife with general guidelines to help you make the right choice for your own successful business in Tenerife.
Read more: Tenerife Business for Sale - FRINA Tenerife - Business Sales Agent
