Here you can find general information
Rentabarspain use English speaking lawyers who can make all this very
easy and without too much stress.
Similar to the U.K. there are different methods of purchasing
- Identical to the U.K., Where the purchaser buys the premises where
the business is located.
- Until recently this was the most prevalent type of lease, usually
for an indefinite period. It normally consists of a perpetual rental
contract and the owner of the TRASPASO has the right to sell on the
lease to a third party. The purchase price would normally include
the fixtures, fittings and goodwill. The law governing this type of
lease has changed and as a consequence TRASPASOS are becoming a thing
of the past.
- Similar to the U.K. more common in Spain now. Leases can be for
any length of time i.e. 2, 5, 10, 15, 20 years etc. with renewal clause
- Very occasionally available. A financial bond is normally required,
which may or may not be refundable. Monthly rent pro rata is normally
higher than other types of lease.
You will require an account here to transfer funds from abroad for
the purchase of your business. Banking in Spain is more relaxed than
the U.K. so please allow plenty of time for the transfer to take place.
Most banks here on the Costa del Sol have staff members who speak
English, but we have found Sol Bank in Arroyo de la Miel to be particularly
helpful and all the staff speak English.
Once you have purchased your business, you will need to do lots of
things. Apart from the main issue of taking over and running your
new business, there are quite a few administrative tasks that are
necessary. If you wish we can handle all of these for you while you
get on with the serious business at hand. From our experience you
- This is your personal identity number. It involves a quick trip
to the police station, with a photograph and takes about 4 weeks to
come through. If you are intent on opening a business here, we would
advise you to apply for this immediately as there is little you can
do business wise without this number.
- As mentioned earlier, this License is granted by the Town Hall,
and every business is required to have one. If the business you intend
to purchase has a fairly new Opening License then it is a fairly straight
forward matter of applying for a change of name. If however no opening
license exists or it is old then the application is more complicated,
probably involving an architect to draw up plans etc. This can be
quite expensive and time consuming, so it is important to know the
state of the Opening License for the business you intend to purchase.
PERMIT - You will need this if you intend to
work and live in Spain. Once you are in possession of your N.I.E.
number and have made all the necessary other registrations, you can
then apply for your residence.
- Your N.I.E. Number is used to track your financial activities. You
will need it to register in the tax system. You also need an ACTIVITY
LICENCE, which relates to the type of business you intend to operate.
I.V.A. (the Spanish equivalent of V.A.T.), unlike the U.K., is administered
by the tax office.
– You must register in the Social Security System. If you are running
your own business, you will be registered as self employed (Autonomo).
Once you are registered in the system we can also register you for
national health care. This would normally cover the entire family.(for
family registration you will need your marriage certificate and children’s
- Whether your business serves only drinks or food and drinks you
will need to take a simple hygiene examination to obtain your "Food
- Initially for the new business owner there is a language barrier.
We can ease this problem for you if you wish by meeting with your
suppliers and arranging orders, negotiating introductory discounts
and generally taking the stress out of the first few weeks. We also
provide a help line service if you are really stuck. This service
includes dealing with the electricity, gas, phone and water companies
& MARKETING - We have in house facilities
for providing graphic design, printing, promotional items and colour
copying should you require it.
- We are normally able to find temporary accommodation at reasonable
prices (not tourist rates). This is obviously more difficult in high
- If your business is not exactly the way you want it, we can introduce
you to tradesmen who are known to us as providing good quality services
at keen prices.
With regard to those hundred
and one other things that are sure to crop up when starting a new
business venture; we're only a phone call away. Our helpline is open
during our normal office hours. If you are one of our valued clients,
feel free to use it when ever you need to.
The above services vary from client to client, and therefore the cost
to each individual varies, but in broad terms to cover the necessary
paperwork, license applications and permits would cost in the region
of €2,000. Should you decide to purchase a business through us, we
will give you an estimate BEFORE contracts are signed.
We would advise purchasers of new businesses to initially rent accommodation.
If you are intent on buying something have a good look round and make
sure it is in the right area for you.
Rented accommodation is quite reasonably priced compared to the U.K.,
but long term lettings can be difficult to find between May and September.
The standard of education in Spain is excellent. There are 2 options
Attend a Spanish school where
the standard Spanish curriculum is taught. This will give your children
an excellent opportunity to pick up on the Spanish way of life very
Private Schools - There are
a number of private international schools here on the coast where
the syllabus follows the English school curriculum, to GCSE and A
LEVEL examinations. These are all fee paying.
We can discuss these options
with you personally while you are here.
The National Health Service in Spain is excellent. As a self employed
person, your social security payment entitles you to full and comprehensive
state health care. Registration is quick and simple once you are in
the social security system. There are, alternatively, a number of
private care options which we can recommend.
Cars and Driving
When you become a Spanish resident, it is illegal for you to drive
anything but a Spanish registered vehicle. It is possible to transfer
foreign plated vehicles onto Spanish registration plates, but only
if the vehicle is left hand drive. If you intend to live and work
here we strongly recommend you purchase a Spanish plated vehicle as
soon as possible.
There are now few restrictions on what you are able to bring into
Spain. There are several local companies who specialize in moves from
the U.K. to Spain. Should you require any assistance please let us
Unlike our competitors we do not offer projections on profitability
on a broad brush basis. We consider this a recipe for disaster. Every
business is different and should be treated as such. If you find a
business that is of particular interest, we can offer advice on running
costs and profitability etc.
In addition to the funds required for the purchase of your business,
you should consider the following as an absolute minimum requirement.
€2,000 legal fees & licenses
For the business, 2 months’
rent as deposit + 1 month's rent in advance.
For private accommodation,
2 month rent as deposit + 1 month rent in advance.
Stock, +- €500
find a business offered less than our listing we will meet or possibly
better total costs.
we would advise you to have enough surplus capital for 6 months in
order to give you time to get your business going.