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Legal notes in plain words — property, inheritance, residency and daily life in the Canary Islands, explained for international readers.
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When a company director in Spain pays the company's debts out of their own pocket: the two-month rule and the courts in 2026
A limited company limits what its shareholders can lose, not what its director can. When losses leave the equity below half the capital, Spanish law gives the director two months to call the meeting or apply for insolvency; after that the director guarantees the debts the company takes on. This guide follows the rule through the Supreme Court's judgments up to September 2026: which debts count, why acting late does not erase the past and how long a creditor has.
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Buying a bar or a shop in Tenerife South: the traspaso, the lease and the licence, step by step
The advertisement says «licence, terrace, stock and staff included». The law sees separate things: a lease the landlord must consent to or be told of within a month, employees who come with the business, tax and Social Security debts that follow it unless the certificates are asked for before signing, a title to operate that the town hall and the Cabildo must be told about, and a terrace with its own permission. A traspaso in the south of Tenerife, step by step.
Setting up an SL in the Canaries in 2026: the real steps, the €1 capital and how long it actually takes
One euro of capital and a registration measured in hours: both true, both misleading. What the €1 rule attaches (20 % of profit to reserve, joint liability up to €3,000), the documents before the deed, the six- and twelve-hour clocks of the electronic channel, the company in formation, IGIC instead of VAT, and why a foreign founder should count three to six weeks — with a registered office at our Costa Adeje business centre if the owners run it from abroad.
Verifactu is coming for every invoice — yes, in the Canaries too
QR codes, tamper-proof records and a countdown to 2027: what companies and the self-employed in the islands should be doing now.