News in brief

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 .

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.

48.3 % of the ZEC companies corporated in the Canary Islands have been established with foreign capital and of these almost half are German.

According to data from the annual report of the ZEC, at the end of 2009 a 70% of companies established in the islands and satisfy the requirements are attached to the fiscal framework.

Tourism is the main source of wealth of the Islands' economy, so the ZEC regulations include upgrading the quality of tourism services in order to diversify the sector.

The balance of the economic sectors in the last two financial years in the ZEC, shows that foreign investors are interested in telecommunications, renewable energy, information technology, wholesale and recycling.