Requirements
What are the requirements for ZEC entity?
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It must be a newly-created entity with its registered address and place of effective management in the geographical ambit of the ZEC.
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At least one member of the administration must reside in the Canary Islands.
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It must make a minimum investment of 100,000 euros (in Gran Canaria
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and Tenerife) or 50,000 euros (in the rest of the islands) in fixed assets related with the activity within the first two years, following registration in the ROEZEC (Official Registry of ZEC Entities).
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It is necessary to create, at least, five jobs (in Gran Canaria and Tenerife) or three (on the other islands) during the first six months following registration in the ROEZEC and this average must be maintained during the time that the benefits are enjoyed.
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It is necessary to conduct activities that are permitted in the ZEC.
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It is necessary to present a descriptive Report of the economic activities to be carried on, which justifies their solvency, viability, competitiveness and its contribution to the economic and social development of the Canary Islands.
