La eficiencia de la ZEC

The efficiency of the Canary Islands Special Zone (ZEC) as an economic policy tool

ZEC Promoción

The Canary Islands.- The Canary Islands Special Zone (ZEC) is one of the tools of the Economic and Fiscal Regime (REF), created to promote the social and economic development of the Islands and to diversify their productive structure. promote the social and economic development of the Islands and to diversify their productive structure. Over the years, this low tax zone with the most attractive taxation in Europe has become one of the most effective economic policy instruments for attracting business investment in the international sphere in strategic sectors. The efficiency of this incentive is based on some issues such as: – For every €1 million of public investment in the Canary Islands, the ZEC triples the efficiency in respect to other incentives. -ZEC companies are larger, pay better salaries and invest more than the regional average. -The average size of the workforce of ZEC companies is 3.4 times higher than …

CanariasZEC reasons to invest

CanariasZEC, six reasons to invest

ZEC Promoción

The Canary Islands – The Canaries are so much more than a sun and beach destination. In the last few years, the islands have been projecting opportunities for business investment, given they have one of the most attractive tax regimes for companies operating on an international scale. In this context, the Canary Islands Special Zone (ZEC) has increased weight as it has become an effective fiscal policy instrument to attract companies that focus on diversification of the regional productive fabric through the establishment of entities working in key sectors with growth prospects. These companies are thus attracted to the islands and have made the archipelago a competitive economic base with high added-value employment. In the international promotion of the Canary Islands as an investment destination, the ZEC is a strategic element, since it is a tool that offers companies the most competitive taxation in Europe with a 4% rate on …

Leading sectors of the economy enter the Archipelago through the CanariasZEC

ZEC Promoción

The Canary Islands – The Canary Islands Special Zone (ZEC) has become a privileged observatory for analysing the profiles of companies in the islands from economic sectors which contribute to diversifying the productive structure. Thanks to its economic model which concentrates most of its Gross Domestic Product (GDP) in tourism, the Canary Islands are working towards economic diversification, with the ZEC as one of its strategic tools. ZEC as one of its strategic tools. Therefore, companies linked to the latest generation sectors are beginning to be implemented in the archipelago. The regional market, for more than two million residents, receives approximately fifteen million tourists a year. These numbers work in favour of a region that also has the advantages of an excellent communication network, qualified staff trained in European universities and an unequalled geostrategic position, which make it a gateway to African markets. This is coupled with the legal security …