One of the biggest attractions of shopping on the island is undeniably the low duties that are applied to certain imported goods, which means that one can find a series of products at prices that are between 10 and 30 percent lower than in the rest of the European territory. Thus, one will find very competitive prices on the island for perfumes, cosmetics, tobacco, alcohol and, to a lesser extent, electronic apparatus and motor vehicles.

The current legislation imposes limitations on business hours on the island. In general terms, businesses may open for a maximum of 72 hours per week, while they are required to close on Sundays and public holidays, except for 9 such days per year, which are determined each year for the respective islands. However, the legislation in question makes provision for the progressive relaxation of these limitations. Furthermore, tourist enclaves are exempted from the restrictions in question, with traders having absolute freedom to determine their opening days and times. Most businesses are open between 10:00 and 20:00, although some close between 13:30 and 16:30.

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