Corporate income tax

The Canary Islands, tricontinental node with tax advantages for distribution, logistics and transport

ZEC Promoción

The Canary Islands 5/02/2020.- The Canary Islands, thanks to their geostrategic location as a tricontinental node for commercial traffic in the mid-Atlantic, have become a key business platform that facilitates commercial exchanges and the transfer of services and technology between Africa, America and Europe. In addition to this, the higher standards of quality of life in Europe, the qualified and competitive human resources, the excellent service and communication infrastructures and the state-of-the-art technological research, together with the advantageous tax conditions, such as the Canary Islands Special Zone (ZEC), project the Canary Islands as a business centre with great potential for the logistics, transport and distribution sector. After years of operating as a policy instrument for the diversification of the economy and the creation of value-added employment in sectors of activity that are not yet completely established in the Islands, this sector has taken on a leading role within the framework …