Mrs. Beatriz Barrera: "The 22 % of the ZEC companies are already operating with West African markets"

The President of the Canary Islands Special Zone (ZEC), Beatriz Barrera, highlighted that 22% of the active companies in the framework of this tool of low taxation (404) are operating with West African markets. "This is the basis by which in the reform proposal  of the ZEC, which period of contributions is still ongoing, shall be take into account the projection of companies whose aim is to expand into the emerging markets of the neighbouring continent", she said.

"The purpose is that this percentage should be increased and that the ZEC becomes a pole of attraction; on the one hand, to those foreign companies that are interested in the Canary Islands and, on the other, allowing the internationalization of the islands SMEs towards new markets", said the President of the Consortium. In this context, Mrs. Beatriz Barrera explained that  the reform proposal must contain some normative aspects that enhance the attractive of this tax incentive. "The ZEC, and therefore the Canary Islands could be in the sight of many companies with an expansive purpose of its business", highlighted Mrs. Beatriz Barriera.

That's why the President of the Consortium has maintained today Monday, March26th, a meeting with the General Director of Relations with Africa of the Canary Islands Government, Mr. Pablo Martín-Carbajal, to consider their contributions in this line and raise actions of institutional cooperation. In this context, both institutions established that they coordinate initiatives aimed at attracting foreign capital business projects and affect those ZEC activities with greater demand in the markets of the West African countries.