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Canary Islands.- Since it was authorized by the European Commission (EC) in 2000, the Canary Islands Special Zone (ZEC) at the end of the previous year, 67% of companies in the ZEC are wholly or partially owned by foreign capital, which that supposes a registry of 439 companies on the accumulated that rises to 656 entities, according to the memory of the entity. The sector with the greatest role in this low tax regime is services, which represents 61%, while industry is 21% and distribution and commercial intermediation accounts for 18%. Regarding the subsectors, the tax sales of the ZEC have made it an attraction for industrial or service entities linked to information and communication technologies (ICT), which already reaches 22% of all companies. The ZEC is one of the figures of the Economic and Fiscal Regime (REF) of the Canary Islands, whose objective is to contribute to regional economic… Leer más 67% of the Canary Islands companies are participated by foreign capital #CanariasZEC promotion

Canary Islands.- The acting president and vice president of the Canary Islands Special Zone (ZEC), Pedro Alfonso, presented this morning in the Canary Islands Parliament the results of the twenty years of operation of this incentive of the Economic and Fiscal Regime (REF) of the Canary Islands , highlighting that in the past year the entity registered the best year of promotion in its history. In this regard, Alfonso recalled that the ZEC closed 2019 with a cumulative balance of 656 companies from the Official Registry of ZEC Entities (ROEZEC), which have committed to the creation of 9,778 jobs and an investment of 1,076,378,215 euros in the Canary Islands. These statements were produced within the framework of Alfonso’s appearance before the Regional Chamber’s Economy, Knowledge and Employment Commission to present the data on the activity carried out and the results obtained during the current year and forecasts for 2020 referring… Leer más Results of the first 20 years of the CanariasZEC: the best year of promotion in its history

Canarias.– The company Zona Eólica Canaria, S.A. (ZECSA) operating within the framework of the Canary Islands Special Zone (ZEC) for more than a decade and made up of 100% Canarian capital, attends a community call with an innovative decarbonisation project for island areas; a line endowed with a financing of ten million euros, which would accompany the overall investment of the project established at thirty million. The ZEC company operates on the island of Fuerteventura given the excellent conditions of its environment for the development of its business activity related to the renewable energy sector. The president of ZECSA, José Ramón Martín Mederos, states that “the implementation of this sustainable proposal would bring to the Majorera island the eradication of pollution caused by greenhouse gases.” Furthermore, Martín Mederos explains that “this project aims to demonstrate the technical-economic feasibility of large-scale hydrogen storage for renewable energy generation projects, with an eye… Leer más ZECSA, operating company in canariaszec, aspires to a community call to launch an innovative project on the decarbonisation of the european islands