Traspaso in Spain

If you are planning to take over a bar, restaurant or other active restaurant or indeed need to arrange premises for the carrying-on of a new business, you may well need to arrange the ‘traspaso’ or transfer of the business and/or premises.

This will allow you to benefit from the existing clientele or area where the premises are located and so begin your business from a privileged position.

The purchaser agrees to make a payment to the existing leaseholder or owner to take-over the business or premises.

• Initial discussion with a lawyer to understand the project you have in mind
• The lawyer will contact the other party to arrange all useful information and documentation possible, including income, taxation, costs, assets, leases, licenses or permits etc
• Analysis of the information obtained and a report provided to you to determine whether you should proceed
• Preparation or analysis of contract of ‘traspaso’
• Following successful transfer of the business or premises, full tax and accounting services as well as any design or architectural/building services required.