Why Starting a Business in Tenerife is Great for the Local Economy?

At Open Business Tenerife, we’re a team of locals fluent in over 5 languages, committed to helping foreign entrepreneurs set up businesses in Tenerife—quickly, affordably, and transparently. 

Here’s why this benefits everyone:

Boosts Local Jobs: New businesses create jobs, benefiting both entrepreneurs and local residents. More businesses mean more opportunities!

Attracts Global Investment: By making it easier for foreigners to start a business, we invite international investment, helping to grow Tenerife’s economy and infrastructure.

Supports Innovation: Fresh ideas and diverse businesses from different cultures lead to innovation, variety, and healthy competition in the market.

Grows Tourism & Local Spending: Tenerife is already a tourist hotspot. New businesses catering to both locals and visitors can boost spending and strengthen the local economy.

Reputation as a Business Hub: By creating a business-friendly environment, Tenerife becomes known globally as a top destination for entrepreneurs, attracting even more investment and talent.

Sustainable Growth: Our services help businesses open smoothly, avoiding bureaucracy and ensuring sustainable, long-term growth.