Canary Islands.- The Canary Islands are a territory for business. Its unbeatable tax conditions are added to numerous incentives for business development in a legal and fiscal framework guaranteed by the European Union (EU). Among the tax figures, the Canary Islands Special Zone (ZEC) stands out, a low tax regime authorized by the EU, which allows companies in many sectors to pay a special tax of 4% in Corporation Tax.
The inherent advantages of this incentive make it one of the most attractive low-tax regimes for international business operations.Therefore, more than fifty countries have invested in the Canary Islands, launching more than 650 companies that are generating the investment and employment that is required to operate under these acronyms.
The companies have a profile that contributes to the diversification of the Canary Islands production model, introducing business models that open up new market niches necessary for economic development and for the projection of the Canary Islands in the context of the global economy.