🏠 Renting a Business Address in Tenerife
To legally register your SL company or freelance activity, you need a fiscal address in Tenerife. Common options:
| Type | Best For |
|---|---|
| Private office | Agencies, startups, local operations |
| Retail unit / bar | Shops, cafés, wellness studios |
| Coworking space | Freelancers, remote workers |
| Virtual office | Remote or EU-based businesses |
| Industrial premises | Storage, logistics, fulfillment |
📌 We offer compliant fiscal addresses and virtual office services across Santa Cruz, La Laguna, and southern Tenerife.
📝 Leasing a Commercial Space – Key Considerations
Before signing a lease:
✅ Check zoning laws and permitted activities
✅ Make sure there’s a valid licencia de apertura (business opening license)
✅ Review lease duration, renewal clauses, and guarantees
✅ Have the contract reviewed by a Spanish lawyer (usually in Spanish)
⚠️ Local town halls (Ayuntamientos) inspect active premises — you must comply from day one.
💰 Office & Retail Rent Estimates in Tenerife
| Type | Avg. Monthly Cost (€/m²) |
|---|---|
| Coworking desk (shared) | €150 – €300 |
| Private office | €12 – €22/m² |
| Retail unit (city center) | €25 – €45/m² |
| Industrial space | €5 – €9/m² |
| Virtual office | €30 – €60/month |
💡 Prices vary widely between Santa Cruz, Costa Adeje, and Puerto de la Cruz.
🏦 Opening a Business Bank Account in Tenerife
You’ll need a business account to:
-
Deposit capital for an SL company
-
Invoice clients
-
Receive payments from EU or global clients
-
Pay taxes and employees
✅ We help open your account in person or remotely via Power of Attorney (POA).
📄 Documents Needed to Open an Account
| SL Company | Freelancer (Autónomo) |
|---|---|
| NIE + CIF | NIE + Modelo 036/037 |
| Notarized company deed | Passport or EU ID |
| Company bylaws (Estatutos) | Certificate of fiscal address |
| Shareholder ID copies | Digital certificate (optional) |
| Power of Attorney (if remote) | N/A |
💡 We ensure all documents are in Spanish legal format and pre-approved before appointments.
🏛️ Best Banks in Tenerife for Foreigners
| Bank | Pros | Notes |
|---|---|---|
| CaixaBank | Foreign-friendly, English support | Fast setup with HolaBank |
| Sabadell | Good for SL companies and EU founders | Digital banking + offices |
| BBVA | Online-friendly and streamlined processes | English staff available |
| Santander | Broadest branch network | Can be slower for expats |
| N26/Revolut | Online-only, freelancers only | Not valid for SLs |
We handle all onboarding steps, forms, and verifications for SL and autónomo clients.
⏱️ Timeline – Bank Account & Office Setup
| Task | Duration (avg.) |
|---|---|
| Virtual office setup | 1–2 business days |
| Commercial lease | 3–5 days (with review) |
| Business bank account | 1–5 days |
| Capital deposit (SL) | Same day |
| Certificate for notary | 1–2 days |
📌 You’ll need your digital certificate for full remote access — we assist with the application.
❌ Mistakes to Avoid
⛔ Signing lease without zoning or activity license
⛔ Using residential address for SL registration
⛔ Opening a personal bank account instead of a business one
⛔ Missing required documents (especially CIF and Escritura)
⛔ No Spanish language lease review — avoid hidden penalties
🧑💼 Our Legal Setup Services in Tenerife
Borderless Lawyers provides:
✅ Virtual office or lease support
✅ Lease contract review in Spanish
✅ Notarized POA for remote setup
✅ Business bank account opening (SL or freelancer)
✅ NIE, CIF, and full company/freelancer setup
✅ Ongoing compliance, accounting & payroll support
📞 Need Help Opening a Business or Bank Account in Tenerife?
We help foreign entrepreneurs every step of the way — with or without travel.
👉 Contact us now for full legal setup support in Tenerife.