How the “Crea y Crece” Law Affects Bicycle Rental Businesses

1. What is the “Crea y Crece” Law?

The “Crea y Crece” Law introduces measures to:

• Reduce barriers to starting a business.


• Promote the use of electronic invoicing to enhance transparency.


• Encourage business digitalization, especially in sectors like bicycle rentals.


• Combat late payments between businesses and freelancers.

This law aims to help businesses operate more efficiently and professionally, benefiting both companies and consumers.

2. Impact of the “Crea y Crece” Law on Your Bicycle Rental Business

1. Easier Business Creation

If you’re considering opening a bicycle rental business, it’s now simpler than ever:

• Reduced cost to establish a company: You can set up an SL (Limited Liability Company) with an initial capital of just €1.


• This change lowers the financial barrier to starting a business, making it ideal for entrepreneurs entering the bicycle rental sector.

2. Mandatory Use of Electronic Invoicing

The law requires all businesses and freelancers to implement electronic invoicing, directly affecting your management system:

Advantages:

• Fewer errors and greater transparency in transactions.


• Automated record-keeping for payments and invoices, simplifying accounting.

Requirement:

• Companies with an annual turnover exceeding €8 million are already required to use it. For others, it will become mandatory in 2025.

Tip: Start using a bike rental software like Pulso now to digitize your invoicing and comply with the new legal framework.

3. Shorter Payment Deadlines

The law strengthens efforts against late payments, enforcing compliance with payment deadlines:

• Invoices must be paid within 30 days for transactions between businesses.


• This benefits small and medium-sized businesses by improving cash flow and reducing financial issues.

4. Digitalization and Automation

The “Crea y Crece” Law promotes digitalization as a key tool to boost competitiveness. For bicycle rentals, consider:

• Online booking systems: Enhance customer experience and optimize workflow.


• Digital inventory management: Keep detailed control of your bicycles and their conditions.


• Digital marketing: Leverage social media and automation tools to attract more customers.

3. Challenges and Opportunities for Bicycle Rentals

Challenges

• Technological adaptation: Businesses not yet digitalized may face difficulties implementing electronic invoicing and other requirements.


• Initial investment: While tech tools are a long-term investment, they require upfront costs that may concern some business owners.

Opportunities

• Increased professionalism: Digitalization enables you to offer more efficient and professional services, attracting more customers.


• Reduced operating costs: Management software automates administrative tasks and optimizes resource use.


• Improved business image: Compliance with regulations and offering transparency builds trust with your customers.

4. How to Prepare for the “Crea y Crece” Law

1. Adopt an Electronic Invoicing System

Ensure your management software complies with legal requirements for issuing and receiving electronic invoices.

2. Digitize Your Business

Implement technological tools for booking, invoicing, and inventory management.

3. Meet Payment Deadlines

Review your contracts and agreements with suppliers to ensure compliance with the established deadlines.

Conclusion

The “Crea y Crece” Law represents an opportunity for bicycle rental businesses in Spain. Adapting to this regulation will not only ensure legal compliance but also drive the professionalization, digitalization, and competitiveness of your company.

With modern tools and a well-planned strategy, you can leverage the benefits of this law and take your business to the next level.