Located in the middle of an area of the Mid Atlantic called “Golden Triangle”, Canaries are the largest supply, ship repair and bunkering station in the Mid Atlantic. The Archipelago has become a strategic location in dealing with vessels and oil platforms, because of its excellent facilities and infrastructures, the climate and the know-how of the companies. These factors offer exceptional business opportunities in the marine and maritime sector.

• Canary Islands is 100 km from the west coast of Africa and over 1,000 km from Mainland Spain.
• The largest supply, ship repair and bunkering station in the Mid Atlantic.
• One of the top three for hydro-carbon logistics distribution.
• • It includes all kind of activities related to vessels and oil platforms docked in our ports, which are in the Golden Triangle, as well as those which provide security for people and materials. Among other activities:
  • Ship repair
  • Repair and installation of pipes, pumps and hosepipes
  • Repairs, provision and wiring or installation of electric generator sets
  • Provision of materials
  • Cleaning activities
  • Solder and manufacture of supports
  • Inspections and test control
  • Load testing
• Canaries boast a large network of commercial and fishing ports and marinas.
• Sea connections with more than 20 countries and 500 ports in Africa.
• Multiple container terminals.
• Terminals for wheeled traffic.
• 8 airports with more than 1,500 direct flights to the main destinations in Europe and many direct connections to Africa and Latin America.

The Special Register of Ships and Shipping Companies, based in the Canary Islands, is aimed at enabling the competitivity of the Spanish Shipping Companies by means of a series of measures equivalent to the existing ones from similar Registers of the European Union Member States. Their ascription entails some advantages:

In taxation

• Regarding corporate tax
• Regarding personal income tax

In Social Security contributions

The Free Trade Zones are limited areas, inside the Community customs territory, set aside for the storage, processing and distribution of goods without charges, tariffs or indirect taxes.

Canary Islands boast a Free Trade Zone in the Port of La Luz and Las Palmas in Gran Canaria, and another one in the Port of Santa Cruz de Tenerife. They enjoy a remarkable strategic location, since they are placed in an international hub for maritime communication directly connected to the main ports in Africa, America and Europe.