Canary Islands.- According to the Social and Economic Reactivation Plan for the Canary Islands (Reactiva Canarias) of the regional Executive, for this 2020 a contraction of the regional Gross Domestic Product (GDP) is expected to be higher than the average of Spain and even that this is above of the value of the Eurozone. Faced with such a scenario, having defined the measures for economic recovery with one of its axes in the maintenance and recovery of employment, a fiscal instrument such as the Canary Islands Special Zone (ZEC) is projected as one of our strengths to generate employment in diversifying sectors through through the companies that settle in the Islands. The fact that the ZEC has the lowest taxation in the European Union (EU) with 4% in Corporation Tax, 17 points below the average of the Member States, a State aid with Regional Purpose… Leer más CanariasZEC taxation, “an ace” to advance in the generation of employment in the Islands
