Tax Incentives
What fiscal advantages do the Canary Islands offer?
The Canary Islands have traditionally enjoyed a special fiscal and commercial treatment due to their situation as islands and their geographical distance from the rest of Spain and Europe. For this reason the islands have their own Economic and Fiscal Regime (REF), subject to the Spanish law and fully authorized by the European Union (EU).
The REF contains several incentives related to the creation and development of business, among them:
| REF INCENTIVES | |
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The opportunity to pay less in Corporate Tax |
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Multiple exemptions in INDIRECT TAXATION |
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Installation in FREE TRADE AREAS with special economic advantages |
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Comparative table of the corporatopm tax in the ZEC compared to Europe.
