Thanks mike.We are looking for a long term rental (1 bed or studio) in Playa Blanca area as well.
Do these always have agents fees extra?
Thanks

k.dewsnap

If you go through an agent, there will always be a fee (either up front or added to the monthly rental). But you can secure some properties directly through the owner and avoid the fee. Just ensure that the property is as described, that you have a proper legal contract (in Spanish) and that the owner has someone on island who can help with any issues with the property that may crop up. Finally, there was scam running here a couple of years ago, someone was offering fictitious property for rent and taking deposits via Western Union transfers. So make sure the person is legit before organising any money.

http://www.grupoestupendo.com

To do Tours, you would need a transport license and form an SE company. This would need to be backed up by €600,000 in bank cash. You would also need Liability insurance for your passengers etc.

Can be expensive and time consuming.

Other options are available but not cheap.

you have 600,000 euro in the bank cy (mate)XXXX i love you;);)

love meatxx

Cymmon are you sure you don't mean an SA company (Sociedad Anonima)? If so I think you mean €60,000 in capital.
Also are you sure you need to be an SA to do island tours? Most of the coach companies are SL's needing €3000 capital and one vehicle will cover that.

http://www.grupoestupendo.com

Sorry, yes, one too many 0¨s.

Would be good if people were allowed the SL version. €3000 is acceptable but unfortunately you need the transport license, this is the BIG problem.

• Minimum share capital:
S.A. and partnerships limited by shares: e60,102.
S.L.: e3,006.
General partnerships and branches: no legal minimum.

It is the bank guarantee that is another problem.

I think he meant cycle tours Cy if you re-read.... Which if I'm right I guess might mean a different thing from a transport licence point of view.

Thanks all.
Nearly frightened me to death.L.O.L. 60.000
Yes. It would be cycle tours,cycle hire and eventually cycling holidays.
We would require a static unit eventually to get more established.
Lanzarote is cycling heaven so please keep your fingers crossed for me.
Thanks Mike and everyone else.
Hope to see you all soon.
All forumers obviously will get a discount........Kevin

k.dewsnap

GOOD LUCK WITH YOUR NEW VENTURE KEV

if it walks like a duck and quacks like a.......

You can also set up as a sole trader, much cheaper.

Thanks for all the advice and info it's been very helpful.
Kevin

http://www.cycling-heaven.com
cycle hire
cycle tours
cycling holidays

Kev

when you come out call down to Matagorda shopping centre and on the seafront a lad there is renting bikes tandems and family bikes(4 wheel buggies) he might be able to help you out and he speaks ENGLISH.

Spenders no1 for live sport.
Health Warning: Our spirit measures can seriously damage your health!!

hi i am thinking of opening up a money exchange outlet.
does any one know what the law is about buying/selling money
and what capital is needed to start up.

you first off need a license from the bank of Spain to start trading in currency.

Hi Kev - What happened to the plans? Are you still on the way and getting yourself set up? Mike's information was spot on and it is possible to find a number of empty units in prominent locations in Playa Blanca presently (in differing state of repair!). You don't always have to pay a fee to an agent to secure a unit, however this does ensure that you are renting a premises that has had searches carried out (i.e. outstanding debts or denuncias that could affect your new business) as it is often difficult to carry out these searches yourself (especially when new to the island) and under Spanish law tenants can be responsible for the debts when taking on existing connections (such as water or electric) and also outstanding ayuntamiento bills (such as basura industrial - commercial rates for waste removal - very common one to be left outstanding on businesses) the most important point is to not rush until you are sure that the deal is the right one to make.

Hi CMX - I think that John has hit the nail right on the head. Setting up an exchange office in Lanzarote does require some complicated paperwork, it is not impossible but a serious investment would be required to create such a business legally here. The capital you would need would be to secure a unit (average €5000), move over here living costs (recommend €10000 for first six months for rent, food etc.) and then also your business set up costs including building licences, fixtures, fittings and security (for a 40m2 unit new this should be estimated at between €15000 and €30000) and opening currency (???). This is only a very top guide and obviously all is dependant on the location you choose to set up in. Hope this is of some help!