Canarias.- The Canary Islands Special Zone (ZEC) has introduced the tax benefits of the incentive for the development of businesses related to the offshore industry during the Africa Assembly Oil & Gas Council, which took place in Paris.
The ZEC attended the event to promote Europe’s best tax scheme, with a 4% tax corporate tax rate, under The Canary Islands The One-Stop-Shop for the offshore industry in the Mid- Atlantic, together with the Canarian Society for Economic Development (Proexca), organising entity of this event which is part of the Government of the Canary Islands and which also introduced the other advantages the islands offer for this sector, such as: some of the best ports located near Africa; top-tier infrastructures for offshore; the application of the European legal framework; the excellent climate and quality of life, and the legal certainty.
The Africa Assembly Oil & Gas Council has been recognised as one of the main events for the African energy industry -Oil & Gas- to do business through investors who support innovative projects in this sector across the continent.