Spain is a budding haven for many business opportunities and you just have to make sure that you have done enough research before investing your money. Though there are many profitable ventures in Spain that you can explore easily, it is advisable to invest in something that you are passionate about. This way, you will be able to work better and not get bored easily.
Therefore, if you are planning to invest in Spain but do not have any business ideas then start exploring your options through the following list below:
1- Property Rental
There has been a significant property boom in Spain and the real estate market has significantly improved. The scenario now is very different from what it was a few years ago and therefore property rentals are an excellent idea for budding entrepreneurs or people willing to earn some extra money. You can rent out properties to different demographics and for different purposes. The key point here is to provide something unique to the people and make sure that the service you provide is good enough to get you more clients in the future. Invest in Spain because you also do not need any special kind of license to get into property rentals and only need to focus on advertising your services.
2- Travel and Tourism
It is a fact universally acknowledged that Spain has a booming tourism and people from all over the world visit this beautiful country all year round. There are a number of tourism focused businesses that you can open up to earn a sizable profit. Some of the examples are a bed and breakfast establishment, tour agency, holiday rentals, restaurants, transport agency etc. If you like hospitality and have a passion for serving people then a tourism focused business is an excellent idea to get started on.
3- Retail Shop
Opening up a rental shop in Spain is another profitable business idea that you can look into. There are a number of things that you can sell but do make sure that the product you choose has a good demand. This is essential because you need to survive and also arrange a license if required. If you are selling imported things then it might get a little complicated because there are a number of things that you will have to handle at once. Re selling goods made in Spain is an easier option as you will readily get many suppliers. Be careful and conduct a basic survey and find out the demand before getting started.
4- Teaching & Training
If you have an excellent command over any language like English, Japanese, Chinese etc then you can also become a language teacher in Spain. Just be careful and check if there are enough people willing to learn the language that you are fluent in. Learning fluent Spanish for communication is also advisable to get more people on your side because there are many people who are willing to teach an additional language like English. It may sound easy but because of more supply than demand, you will have to stand out and be the best in your field to survive in this sector.
5- The Health Sector
The health sector can be a little tricky to get into because you need to be really qualified in your field to stand out. You will also require a license from the authorities in Spain to practice your field. Therefore it is advisable to be patient and give an appropriate amount of time gap to fulfill all the legal obligations before starting any kind of business related to the health sector. Also, look into insurance for public liability if you are interested in this field. Do your research on benefits and incentives that may be available too. The Beckham Law Spain is an example of tax savings available.
The above were some business ideas that you can invest in Spain. If you are still not convinced then there are experts who can help you to start your own venture.
