Canary Islands – The Canary Islands Special Zone (ZEC) presented the advantages of this incentive to internationalisation to 25 entrepreneurs at the seminar ‘Investment possibilities in the Canary Islands’, which was organised by the Canary Islands Economic Development Company (Proexca) and Génesis Consulting in Hamburg (Germany).
During this meeting, which has been added to the calendar of institutional promotion of strategic markets, the opportunities of the Canaries, and especially those of the ZEC, were shown as a European business hub. The Canaries offer a special rate of 4% on corporate tax and the retribution of dividends without withholding tax, which make them the most attractive tax system in Europe. During the time spent on successful companies established in the islands, the ZEC company Simon & Focken, which is part of the Invitel group, gave a description of their experience in the Canaries.