Business for sale in Tenerife is of great economic interest for foreign companies.
Beautiful and welcoming Canary Islands are not just aspot for posh and rich vacation. Tenerife Island is washed by warm Atlantic Ocean and near-perfect climate allows you to enjoy every moment of your holidays all year round. Furthermore, the island has a unique nature. Thousands of tourists daily come here from all over the world. Thefirst place among tourists belongs to UK, Germany, Norway, Sweden and Anglo-America.The second largest group is from Poland, Russia, Ukraine and Belarus. And the third one is guests from China and Japan. Just think of all they are in need of villas, hotels and different spots providing various entertainment, food and services.
Buy a business in Tenerife. It is profitable investment by the fact that it is a Free Economic Zone.
We should remind that the Canary Islands are special economic zone with low taxes. Year 2000 by the European Commissionorder was year when Canaries was given the status of a special economic zone. The tax exemptions period ends December 31, 2019 and it can be extended by the European Commission. Thus, business on the islands: Tenerife, Lanzarote, La Gran Canaria, Fuertoventura, El Hierro, La Palma, etc., is of great economic interestfor foreign firms, companies, local and foreign investors.
The main types of investment opportunities in Tenerife.
Economy of Canaries has their own peculiarities in the tax code and legislation related to foreign investments. They determine the most profitable ways of investing funds. Therefore, in order to get successful ready-made business or start from scratch, you should better know the existing types of investments in Tenerife.
1) Commercial property investments. You can invest in commercial offers: restaurants, bars, shopping centers, hotels. This is a right way to generate a continuous income. The profitability of investments in commercial sphere is determined by the high demand for rental services.
2) Investments in property during the construction. The cost-sharing arrangements in construction are one of the investment options in Tenerife. The average construction period usually is 2 years. During the construction period property prices rise by 30% or more.
3) Another type of business in Tenerife is purchasing of resale properties with further rent. This is one of the most common and profitable property investments in Tenerife. Due to the high demand for rentals services, apartments and villas are a source of steady income.
How to choose profitable businesses for sale in Tenerife?
Own business in Tenerife … Someone still dreams about, othershave already implemented their business plans in reality. To be honest with you, this reality faced both success and some frustrations. The concepts of success in Tenerife are the same as in any other country. You need to have enough information concerning business rules, you should struggle hard and make a lot of effort if you want your enterprise generates profit. And if you have made a decision about your ownbusinessfield, feel free to contact local reputable companies, which have their vast database of business offers. Youcertainly will find your business field that can bring you a great income: hotel, nightclub, restaurant, tourist complex, yacht rentalbusiness, and much more.