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.