How much money will we need for starting business in Tenerife?

ania · 4th August 2006, 06:05

Does anybody know how much money will we need for making any shopping business in Tenerife?
We wish to move there soon becouse we love this place very much. If we don't find any position in hospitality industry, we wolud like to open a small souvenir shop somewhere on the island. Do you know how much will we need for the first month (costs of the shop and apt rentals, costs of living etc) ? Thank you for every info.

KirstyJay · 4th August 2006, 10:54

It can vary widely depending on where you would have your local. I think you should do a general search on the property sites for business premises and see what's available and general prices.... or maybe mike could give you an idea...

Mike in Chayofa · 4th August 2006, 11:21

Quote:

... Do you know how much will we need for the first month (costs of the shop and apt rentals, costs of living etc)

OK ... I will do anything to help anyone, but this is 'pie-in-the-sky' and what I won't do is spend valuable time creating someone's dream.

Judging by the current location of the poster and the questions asked, it seems to me that you have not done even a basic search about anything.

You do not mention a location on the island and I would hazard a guess that you don't know the island. You mention about rent for the first month and I'm not sure why. Are you expecting to arrive here with sufficient money for one month's rent on a local and apartment and expect to set up a business and live here?

Sorry if this sounds unkind, but there is a wealth of information on this forum that will answer most of your questions. Please take the time to investigate it.

ania · 7th August 2006, 07:34

We just want to know how much money do people need for the first days in Tenerife. We know that the costs are depending of the place of living or renting but don’t care were will we exactly live. We just want to find an inexpensive apt and local for our souvenir shop. We are not businessmen. We want to live in Tenerife and earn some money for this living. We are not millionaires so it is important for us how much will we spend each month. We don’t expect a wonderful receipt, just some examples of costs. If you would like to stay in Thailand for some months we tell you that 300 EU is enough for renting apt, cost of living etc. Just an example.

KirstyJay · 7th August 2006, 09:35

Have a search on the forum. There's lots on here already about the cost of renting in different areas.

For example a 2 bed appt :

Los Cris about 700-800€ v La Escalona about 450€

You really have to be more specific about the location, as the prices vary considerably. With regards to locales, your best bet would be to do a property search on the net, as this also varies considerably. Without an idea of where, the list would be as long as my roof terrace!

THORtenerife · 14th August 2006, 20:44

looking at your post,you are in thailand,AND HAve a indonisian flag,so are youi are EU citizen,if not you cant work here,or live here,without a work permit,which you will need to show you have money in bank,this is why we get boat loads of ppl tring to get in fortress europa evey day..

house in my street for that price.......mind you its a bit step

robby1234 · 14th August 2006, 21:03

thor where is it and i hope you´re brakes are good.