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Opening a Business in the Canary Islands

You have decided you are moving to Spain. Why not? You want a better way of life in warm temperatures for most of the year. Why not sell up and open your own business. What could be better than sitting and relaxing in the sun and you can pay someone to work for you while you enjoy yourself.

Well maybe you need some facts first. Learn from our experience before you go ahead and make the move. We moved to the Canary Islands as we were fed up of the cold weather and rain and after my husband had spinal surgery he needed to live in a warmer climate to help combat the permanent damage to his spinal cord. Wearing a pair of shoes was very difficult and gave him extreme pain constantly, but here on the island he has the luxury of not having to wear them anymore, which is a big relief.

Some things you need to know to get started.

As you have made the move your first priority is to get an NIE number which you can apply for your self or get a solicitor to do it for you. If you do it yourself it is free but will take time and a lot of patience on your side and without the Spanish language it will take you longer. If you get a solicitor to do it, it may cost around 300eur approx, but it will save you time and frustration and it will be quicker. You will need this number for everything and it is compulsory to carry it at all times.

In order to open a business here on the Islands you have to start at the beginning. The first priority is deciding what to do. Once you have decided on your venture the next step is to find a local. Local is what the Spanish call a shop premises and usually there are plenty to choose from as most properties here on the Islands are built with locals underneath them.

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So depending on where you find your premises your next step is to negotiate the rent. It is very rare to be able to purchase a local as the price for them is usually out of most peoples reach unless you are a millionaire but then you probably would’t want a business.

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