Canary Islands 11/12/15.- The Canary Islands Special Zone (ZEC) will promote its tax incentives for the audio-visual sector in FOCUS, international summit, to be held in London next 14th and 15th December, an event which aims to connect the offer and the demand of scenarios and locations with producers of cinema, television and advertising.
To this appointment also will turn up Proexca and the film commission of the islands, which will project que Canary Islands internationally as a film set. FOCUS is an ideal platform for promoting the relationships between the agents of the industry and will be a meeting point of more than a hundreds of professionals of the sector, who will know also the worldwide incentives for filming location. In this space of networking, the ZEC will announce the advantages of this regime, which makes the Canary Islands the most competitive destiny in Europe for the audio-visual industry.
From the fiscal point of view, the Canary Islands have a very competitive framework. Particularly, the ZEC allows a reduced rate of 4% in the income tax to develop activities of production, postproduction, distribution, dubbing, photography, advertising, streaming, animation and game development, among others in the islands. All the tax advantages of the ZEC have been approved by the European Commission (EU) what ensures fill legal certainty for investments. Also, this tool is compatible with the deduction for investment in audio-visual works, with rates of deduction higher than the rest of the country in at least 20 points, with rates of 38-40% for investments in domestic production, the 35% for international ones and the 45% for investments in R+D+i.
The combination of opportunities in the fiscal scope with the conditions of the Canary Islands as a natural set, become the islands in the benchmark in Europe for investments in the audio-visual sector. In recent times, the Canary Islands have become the scene of numerous international and national shooting, attracted by the landscape diversity, daylight hours and, above all, by a favourable tax framework, which can be enjoyed in the islands. The objective is to boost the film and audio-visual industry, a sector with huge potential which contribute to job creation and regional economic diversification.
The Canary Islands Special Zone (ZEC) presents its tax advantages to a multisectoral mission interested in investing in the archipelago.
The Canary Islands Special Zone (ZEC) presented last week its tax advantages as one of the key attractions of the Canary Islands as a business platform in the Investment Forum in Tenerife-Company Mission which, during the days 26th and 27th November, organized the Chamber of Commerce, Industry and Navigation of Santa Cruz de Tenerife as a member of the Enterprise Europe Network Canary Islands.
This meeting, which took place in the cameral entity, brought to a chamber of fifteen companies mostly Eastern European countries (Ukraine, Poland, Bulgaria, Hungary, Estonia and Slovakia) given to the interest in knowing the range of opportunities for invest and develop business in Tenerife. This multisectoral mission concentrates investors in various economic sectors: ICT, renewable energy, recycling, processing and services of metals, packaging, marketing and distribution of pharmaceuticals and medical devices and environmental services among others. In the context of this visit, sentatives of Kostryn-Slubice Special Economic Zone, for industrial enterprises and has been operating 18 years, showed interest in collaborating with the ZEC in a plan to internationalize their business.
The Investment Forum in Tenerife-Company mission counted with the participation of experts from the ZEC, Tourism of Tenerife, Port Authority, Chamber of Commerce and Free Zone under the economic promotion brand “Why Tenerife?” for explaining the tax and economic advantages that the island count with as an attractive to do business in competitive conditions. The ZEC collaborates with administrations, public and private entities, aimed at attracting investment to the Canary Islands for encouraging employment in sectors to diversify the regional economy.
From the fiscal point of view, by the ZEC, was highlighted that the Canary Islands are an ideal destiny for foreign investment due to the legal certainty of the advantages of an incentive approved by the European Union (EU). The special assessment of 4% in the income tax and the possibility that new business can now settle in the Canary Islands under this regime as an opportunity for internationalizing its business through the emerging markets in West Africa, projects more than ever this incentive as one of the strategic conditions of the archipelago as an investment destination.
Canary Islands 28/11/2015.- The Canary Islands Special Zone (ZEC) will participate the next 1st and 2nd December in the International Forum on Digital Content (FICOD), an event that has become in an essential meeting point for all industry players and for those who are interested in some of the many facets of the digital economy in Spain.
In the context of FICOD 2015, which will be held at the Palace of Congress of Madrid, the advantages of this incentive will be presented at a workshop entitled “The ZEC, the best taxation for digital business”, which will be held the 1st December, at 15:30h in the BOX3. As a novelty, in the edition of this year, the ZEC will count with a meeting point in the area of FICOD INDUSTRY during the 1st and 2nd December, to which participants may contact for information and advice on the opportunities that this regime offers with a special tax rate of 4% in the corporation tax, plus other advantages approved by the European Union (EU), what guarantees full legal certainty.
FICOD is a tool of the Digital Agenda for Spain and an event organized by the Ministry of Industry, Energy and Tourism through Red.es, which boosts and encourages the development of the digital economy as one of the main growth drivers today. The forum fulfils its seventh edition in 2015 and in each year includes new themes, for being a European and an international reference of concentration of ideas, tendencies, success stories, business and innovative products in the digital economy.
More info of the ZEC in FICOD:
26/11/2015.- The president of the Canary Islands Special Zone (ZEC), Beatriz Barrera, has held a meeting this week with the government delegate in the Canary Islands, Enrique Hernández Bento.
During this meeting, Barrera pass on to the government delegate the major issues related to the ZEC from the point of view of the management of the fiscal instrument, the accounts and future perspectives of this public body, since this fiscal instrument has been substantially improved after the latest reform of the REF.
Beatriz Barrera wanted to emphasize at the end of the meeting “the collaboration that the actual government delegate had with the Canary Islands Special Zone from its responsibilities as undersecretary of the Ministry of Industry, Energy and Tourism”. Also, she wanted to highlight that the ZEC has signed three cooperation agreements with the Ministry of Industry through ENISA, Red.es and the Spanish Patent and Trademark Office (OEPM), from which Enrique Hernández Bento was president.
- Institutional visit to the ZEC of the founder of the Canadian Council on Africa (CCAfrica), Nola Kianza.
- The Canary Islands receive the first business mission backed by the US Government to know the advantages of the islands as a logical ‘hub’
- The ZEC attends the Noah Conference 2015, the premier event of the digital economy (London).
- The ZEC attends the American Film Market in Los Angeles
- The tax benefits of the ZEC, Canary seminar axis, an opportunity for the internationalization of Italian companies.
- The Canary Islands Special Zone (ZEC) in WEB SUMMIT, the European meeting for technology.
- Canary Islands Special Zone (ZEC) at the Canarias conference - an investment opportunity
- The ZEC promotes “Canary Islands, European Hub for Africa: Fiscal Opportunities for the Pharmaceutical Industry” at leading international pharma exhibition CPhI Worldwide 2015
- ZEC gives approval for Rolls-Royce to establish one of its main mid-Atlantic repair and maintenance bases in the Canary Islands
- The Canary Islands promotes its tax advantages at the San Sebastian Film Festival