Hi everyone, I'm in genuine need for some advice here.

Me and my wife our in our 30's and we were about to start our own business in Devon from home. I am currently an international Recruitment Consultant providing Safety & Environmental professionals to Energy companies all around the world. I am taking the plunge and decided to start doing it for myself, I have some money to start me off and after 6 months, I know I can rake it in for myself rather than making some other bloke wealthy!

We live in Herts at the moment, its too expensive and we were going to move to Devon in the moors just for the cheaper, nicer life style.

My Wife lived in Tenerife for 6 yrs before we met, and I come over twice a year now for breaks and we all love it so we just figured, If we can start this business from anywhere, lets see if we can do it from Tenerife!

Our parents already have a place in Roque Del Conde area in the South, we can stay there for free till the business gets going and then we can rent or buy somewhere more permanent. We really do have an excellent opportunity.

What I need to know is, should i set the business up in the UK and just work from Tenerife, can i do that? would I need to pay tax etc to tenerife authorities as well as UK etc if I'm just working from home in Tenerife?

Or would it be more beneficial to start the business and register it and pay Tenerife taxes, etc.

I really havnt got a clue where to start here, I want the cheapest option to start with, then further down the line I will open up an office in Tenerife and employ people, at least I will be putting something into the community over there.

All guidance greatly appreciated!