Tenerife Business sales agent and adviser

Business 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).