incentivos fiscales para la diversificación

The low taxation of CanariasZEC, an increasing value for the economic diversification of the Canary Islands

ZEC Promoción

Canary Islands.- The Canary Islands within the framework of the European Union (EU), due to their status as an ultra-peripheral region, have regional aid legitimized by the community authorities and the governments of Spain and the Canary Islands to attract business investments from companies that march in island territory driving activities of economic sectors that contribute to the diversification of the productive fabric and generate value-added employment.

This tool is the Canary Islands Special Zone (ZEC), whose role plays a leading role in advancing job creation, as well as boosting the attraction of activities that are barely implemented in the regional Gross Domestic Product (GDP), even more so in a context of economic recovery and social, where all measures and available resources are required for economic growth, the reactivation of the tourism sector as the main support of the Canarian economy. The taxation of the ZEC is now becoming a rising value to advance the government strategy of strengthening other sectors of the economy and opening new opportunities. Along these lines, the Canary Islands plan to advance the growth of the economy goes through many axes of action, among which it establishes the need for the maintenance and recovery of employment and the revival of economic activity.

The taxation of the ZEC is now becoming a rising value to advance the government strategy of strengthening other sectors of the economy and opening new opportunities. Along these lines, the Canary Islands plan to advance the growth of the economy goes through many axes of action, among which it establishes the need for the maintenance and recovery of employment and the revival of economic activity.

n accordance with the annual agenda for attracting international investments adapted to the digital editions of events and forums in sectors of activity and strategic markets, the focus is on projecting its star incentive: a 4% Corporate Tax, highly competitive tax conditions for new market niches. Within the framework of the Member States, the ZEC is an instrument legitimized by the European Commission (EC), this confers fiscal transparency and legal certainty for companies.

Thus, companies based in the Canary Islands must comply with specific employment and investment conditions to develop their operations as ZEC companies. As a top-level international business hub, the Canary Islands, in addition to its unbeatable taxation, projects the values ​​and attributes of a tri-continental platform derived from a geostrategic location for operations aimed at the markets of Africa, America and Europe, very competitive opportunities for investors who they study internationalization.

 

Videjuegos y la ZEC

Finland IGDA celebrates leadership day, a reference in the video games industry, where we participate

ZEC Promoción

Canary Islands.- The Canary Islands Special Zone (ZEC) has participated in the online edition of the Leadership Day of the International Game Developers Association (IGDA) of Finland (Helsinki), one of the leaders of the video game industry, a sector pointer in the digital economy. Within the framework of this event, the IGDA Mentorship was developed, a session dedicated to virtual networking to establish businesses and expand professional networks with the companies and professionals who gathered at the event.

 

he special tax conditions offered by the ZEC, by allowing taxation at a reduced rate of 4% on Corporation Tax, is the attraction to develop activities in the audiovisual sector in the Canary Islands such as the development of video games, in addition to others among which Production, post-production, production services, dubbing, photography, advertising, distribution, streaming and animation stand out.

For the audiovisual industry, the Archipelago meets all the conditions to become a focus of attraction and an opportunity for audiovisual companies that decide to invest, since the Canary Islands offer the most competitive tax advantages in Europe, as well as local talent, technology, infrastructure and the necessary services that are required to cover the development of this industry

Incentivos para las energías renovables

As renewable energies and digitalization, two key pillars for the boost of the economy CanariasZEC promotion

ZEC Promoción

Canary Islands.- Renewable energies and digitization are currently two of the fundamental pillars in the economic policy strategy, as reflected in the presentation of the ‘Recovery, Transformation and Resilience Plan for the Spanish Economy’, inspired by the Agenda for Change, in the 2030 Agenda and the United Nations Sustainable Development Goals. A Plan conceived to unleash the development of a “second great modernization” of the economy and that places the ecological transition and digitization among the lines for growth. There are many activities for which, in both fields, the Archipelago has the added value of a unique tax system: the Canary Islands Special Zone (ZEC).

An incentive, which includes the Economic and Fiscal Regime (REF) of the Canary Islands, conceived to attract international companies that bet on two of the strategic axes to configure a robust and future-oriented economy in the Islands.

 

In this sense, this fiscal tool is a stimulus within the framework of the Member States so that business investments feel seduced by the Canary Islands and develop their activities from there, provided that they fit into a business profile designed to diversify their Gross Domestic Product (GDP ). In general terms, the ZEC is the tool for diversification and this opens the way to the in situ creation of ecosystems at the forefront of business, allowing the incentive to become an effective economic policy instrument for the implementation of new business models in the Canary Islands in this case in the framework of the green economy and digital transformation, which can benefit from the special tax of 4% in the Corporation Tax that is applied in the ZEC.

 

On the other hand, as has been detailed, the Plan guides the execution of nearly 72,000 million euros between 2021 and 2023 and precisely meets the priorities of the European recovery funds: “green” investment represents more than 37% of the total of the Plan and digitization about 33%. Two crucial lines of work in the response to restore well-being and create a solid economy.