Businesses for Sale
There are now many opportunities in Andalucia for foreign investment in a business. Gone are the days when the only business’s available were bars in tourist areas. Andalucia and the Costa del Sol has a sizable community of foreign residents and many start up business target this market as well as the tourist market. Most business are SL companies which are constituted at a notary. Businesses are sold in a similar way and will require the buyer and the seller (or their representatives with powers of attorney) to meet at a local notary's office. Lawyers or Gestors will guide you through this process. Changes of administrators of a company (directors not shareholders) will be registered with the provincial "regristro mercantil". There are no specific taxes on the purchase of a company. Prospective purchaser will need to carry out due diligence in the normal way checking contracts for premises, staff, clients, suppliers and that fiscal obligations have been met.