TRANSPORT, LOGISTIC AND DISTRIBUTION


 

Canary Islands have a different and stable Economic and Fiscal Regime, which has historically provided relevant tax and customs advantages for their geo-strategic location. This makes the Canaries a Tricontinental hub in the Mid-Atlantic commercial traffic. Locating in the Canary Islands means being closer to Africa and America without leaving Europe. Hence, the Archipelago becomes a key business platform that facilitates trade and the transfer of services and technology between continents.

Along with these factors, there are higher standards of quality of life in Europe, qualified and competitive human resources, excellent services and communications infrastructures, and leading technology research, aside with tax advantages such as the Canary Islands Special Zone, make the Islands as a business center with a great potential for transport sector, logistic and trade.

BUSINESS OPPORTUNITIES

TRANSPORT VIA PIPELINE

SPECIAL TRANSPORT

DEPOSIT, STORAGE AND HANDLING OF GOODS

DEPOSIT, STORAGE AND HANDLING OF GOODS

RELATED TO WATER TRANSPORT

RELATED TO AIR TRANSPORT

OTHER TRANSPORT-RELATED ACTIVITIES

POST ACTIVITIES

MANUFACTURE OF SEATS FOR SHIPS AND FLOATING STRUCTURES, VESSELS CONTRUCTION

WHOLESALE TRADE AND COMMISSION TRADE REGARDING PRODUCTS

PACKAGING SERVICES

CIT APPLIED TO TRANSPORT AND LOGISTIC

CALL CENTERS FOR RECEIVING ORDERS AND FACILITATING INFORMATION ABOUT PRODUCTS

WHOLESALE TRADE AND COMMISSION TRADE REGARDING PRODUCTS

TRAINING (DRIVING SCHOOLS)

 

TAX ADVANTAGES

Special rate on corporate tax of 4%

Exemptions from…

  • The distribution of dividends to companies in Spain, Europe or non EU companies.
  • el The tax on Goods Transfers and Stamp Duty in the event of the acquisitions of assets and rights for the development of the activity, corporate operations and certain stamp duties.
  • el The Canary Islands General Indirect Tax (IGIC) -general rate of 7%- in the provision of goods and services between ZEC entities, and in the import of goods.

And Full compatibility with other tax incentives from the Economic and Fiscal Regime of the Canary Islands.

REQUIREMENTS

Investment and employment

  • Gran Canaria: 5 jobs- 100.000€
  • Tenerife: 5 jobs- 100.000€
  • Fuerteventura: 3 jobs- 50.000€
  • Lanzarote: 3 jobs- 50.000€
  • La Palma: 3 jobs- 50.000€
  • La Gomera: 3 jobs- 50.000€
  • El Hierro: 3 jobs- 50.000€

The entity must be newly-created.
Registered office and effective place of management in the Canary Islands.
At least one of the administrators must be resident in the Canary Islands.
Corporate purpose: within the authorized activities in the ZEC.

OTHER TAX INCENTIVES FOR FREE TRADE ZONES

What Free Trade Zones are?They are part of the Community customs territory, and enable:

  • Freedom of supply, storage for an unlimited period of time, processing and redistribution of goods.
  • Levies, indirect taxes due on importation and commercial policy measures non applicable.
  • Freedom regarding the final destination.

Specific incentives of the Canary Islands

  • Compatibility with the Economic and Fiscal Regime of the Canary Islands.
  • Economic conditions to the inward processing transactions non applicable.
  • Processing under customs control exempt from tariffs.

OTHER TAX INCENTIVES

Reserve for Investments in the Canary Islands: Possibility to reduce the tax base, up to 90% of the non-distributed net profits, in corporate tax.
Rebates for production of tangible goods: Possibility to obtain up to 50% tax rebate in corporate tax for production of tangible goods.
Deduction for advertising and propaganda abroad: Possibility to apply a deduction of up to 15% on the amount because of multi-year propaganda and advertising expenses.
Deduction for investments in Africa: Possibility to apply a deduction of up to 15% on the investments in any of the seven countries from the west coast of Africa.

COMPETITIVE ADVANTAGES

All the advantages of Europe at just 90 km from Africa

With all the infrastructures, services and advantages of the European lifestyle, the Canary Islands enjoy a privileged geo-strategic position to operate efficiently in Africa.

EUROPEAN REGION

  • Fully integrated in the EU and in the € area.
  • Maximum legal guarantee.
  • Great tax advantages.
  • Double taxation conventions.
  • Headquarters for expatriates in Africa.

HIGH QUALITY OF LIFE

  • All the infrastructures of a 21st century region.
  • First-class European Health and Education.
  • Best climate in the world, 22ºC average annual temperature.
  • Cosmopolitan, modern and cheerful atmosphere.
  • Wide and varied cultural and leisure offer.

JUST ONE STEP AWAY FROM AFRICA

  • 48 weekly air connections with West African cities.
  • Maritime connections to all the posts in the area.
  • D-ALIX neutral internet exchange point linked to Africa.