What are the reguirements to becoming a ZEC entity?

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• The entity must be newly created and have its registered office and effective place of management within the geographical area of the ZEC
• At least one of the administrators must be resident in the Canary Islands.
• A minimum investment of €100,000 euros must be made in the case of Tenerife or Gran Canaria, or €50,000 in the case of Fuerteventura, Lanzarote, La Gomera, El Hierro or La Palma, in fixed assets related to the business activity within the first 2 years following registration.
• A minimum of 5 or 3 jobs must be created, depending on whether the location is one of the capital islands or an outlying island, in the first 6 months following registration, and this average must be maintained during the time the entity remains within the ZEC.
• The corporate purpose must consist of undertaking, within the area of the ZEC, one of the authorised activities: List of activities