Open a Shop in Spain
Open a Shop in Spain
Updated on Tuesday 05th September 2017 Rate this article
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Location of a Spanish shop
One of the most crucial aspects when setting up a company in Spain that will operate as a shop refers to its location. As a general rule, a shop should be situated in an area with a high influx of customers, for example, the center of a city or a large commercial area, but this can depend on the specific activities of the respective store.
Another aspect that should be taken into consideration in this case is the size of the premises that will best suit the company’s activities. For example, a bookstore will require a small location, but in the case of a company that will provide electronics devices, a larger location would be more suitable.
Signing a lease contract in Spain
Most of the companies that will set up a shop in Spain should also sign a lease contract for the chosen location. The value of the contract can depend on the location, the size of the future store, as well as on the facilities of the premises. Depending on the region in which the store will develop its activities, the value of the rent can vary from EUR 500 to EUR 10,000 per month (in Gran Canaria, for example).
At the same time, foreign businessmen are allowed to purchase a property in Spain for commercial purposes. For example, premises that can operate in the catering industry (as bars, pubs or restaurants) are available for purchase at prices ranging from EUR 25,000 to EUR 280,000 (in cities such as Barcelona or Mallorca).
The registration procedure is performed following the standard incorporation, which can be further detailed by our team of Spanish lawyers. At the same time, it is recommended to perform commercial due diligence prior to signing a contract in Spain, to verify if the respective location has any hidden flaws.
There are also other aspects that should be performed when opening a Spanish shop, such as signing an insurance contract and hiring employees. Investors are invited to contact our law firm in Spain for assistance on other compulsory aspects related to this topic.