Discover ZEC tax advantages for ...
The Canary Islands has the most attractive tax incentives in Europe: ZEC, which allows a fixed rate of 4% against the European average between 25% and 30%.
In the context of the ZEC the following areas are highlighted: Audiovisual production, Information and telecommunications, Renewable energy, Recycling, Trading, Outsourcing, Industry ...
The Canary Islands are positioned in the Atlantic Ocean as a strategic point between three continents: Europe, America and Africa.
The islands offer legal security and the lowest taxation in the European Union framework. The ZEC is an opportunity to get the best return on your investment.
- Canary Islands Special Zone in-depth...
Within the Canary Islands Special Zone (ZEC) can operate companies which contribute to the diversification of the Canarian productive system.
In this regard, the Commission establishes through a list of economic activities, the business profile that can benefit from tax exemptions which allows this tax incentive.
The main sectors in the ZEC are:
Since its approval by the European Commission, ZEC has recorded from 2000 to January 2013 the following figures:
Total number of ZEC companies which are now registered in the ROEZEC (31/1/2013):
- Number of companies: 416
- Jobs undertaken within 3 years: 6.471
- Committed investment within 2 years: € 596.166.884€
- Origin of its capital:
- Local capital: 42%
- External capital: 49%
- Mixed capital: 9%
Wednesday, 28 March 2012
Both institutions highlighted that the purpose of these initiatives is to contribute to the dynamism of the economic activity in the Canary Islands.
Monday, 26 March 2012Mrs. Beatriz Barrera: "The 22 % of the ZEC companies are already operating with West African markets"
The President of the ZEC announced that within the reform proposal of the tax incentive will be considered the business projection of the companies into the neighbouring continent.
London businessmen interested in the ZECFriday, 05 August 2011| null
The ZEC has closed a scheduele of British investors interested in the Canary Islands and in particularly in its tax incentives designed to engage in business as in the case of the ZEC.
At their request, closed a total of eight meetings with specialized business in sectors such as new technology, call center, consulting and recycling.
Investors have highlighted the interest in the Canary Islands especially for the particularity of its tax system and the implementation of the project Alix, who qualified to be a great encouragement from the perspective of business momentum as both the European context in the African .
Canary Islands, a focus for investment projectsMonday, 18 July 2011| London
A technician from the Canary Islands Special Zone (ZEC) hold a meeting in London with investment bankers and members of the international firm KPMG for the purpose of some major investment projects could be established in the Canary Islands through this low taxation incentive.
Foreign investmentWednesday, 09 March 2011| Canary Islands
48.3 % of the ZEC companies corporated in the Canary Islands have been established with foreign capital and of these almost half are German.