CaixaBank and ZEC (the Canary Islands Special Zone) have signed an agreement to attract foreign investment projects and development into the Canary Islands, by offering ZEC’s tax benefits, and providing investors with a tailored service for foreign trade.
The agreement was signed today by Andrés Orozco, CaixaBank’s regional director in the Canary Islands, and Beatriz Barrera Vera, ZEC president, at the bank's regional head office in Santa Cruz, Tenerife. CaixaBank’s representative said that this agreement represents "greater accessibility and improved advice for ZEC organisations that require specific financial solutions and an improved management channel with the bank which will be established via the Consortium”.
Beatriz Barrera: "The new Special Canary Islands Zone ("ZEC") is the ideal mechanism for projecting the Islands as an international platform for business"
The president of the Special Canary Islands Zone (ZEC) Beatriz Barrera said this morning that "The new ZEC is the ideal fiscal mechanism for projecting the Canary Islands as an international platform for business". She added that, at international level, platforms offer competitive tax systems aimed at attracting capital and that the Canary Islands’ updated ZEC makes it an even more attractive incentive for companies and investors, whilst also providing economic and legal certainty. Barrera said that the regime is one of the mechanisms for contributing to diversification, and making progress towards strengthening sectors that are strategic to the regional economy, which in turn creates jobs throughout the islands. Her statements were made during a breakfast conference held in Madrid under the title “The New ZEC. Opportunities for Companies and Investors”. During the session, Barrera presented changes to this Economic and Fiscal Regime ("REF") incentive for the Canary Islands.
The President of the Special Canary Islands Area (ZEC), Beatriz Barrera, and the President of the Spanish Chamber of Commerce, Industry and Navigation, José Luis Bonet, today signed a collaboration agreement in Madrid, aimed at promoting foreign investments in the Canary Islands to stimulate the creation of companies that will diversify the economy and create employment in the archipelago.
The Territory Director for BBVA Canary Islands, Javier Llinares; the President of the Special Canary Islands Zone (SCZ), Beatriz Barrera; the Canary Islands Minister for the Economy, Javier González Ortiz, and the former Councillor and Finance Coordinator for REPER in Brussels, Manuel Santaella, this morning inaugurated the conference: New Canary Islands Economic and Fiscal Regime (EFR) Scenario. During this initiative, which was held in the BBVA headquarters in Las Palmas de Gran Canaria, and organised by the financial entity, the main new developments of the EFR for the 2015-2020 period were addressed.
- The ZEC presents its Innovative New Features
- The Spanish Official Gazette (BOE) publishes the Royal Decree-Law with the amendments to the REF
- The president of the ZEC meets the German Ambassador in Spain