Investment
Investing in the Canary Islands: tax incentives and support
The Canary Islands have the most favourable tax regime in the European Union. We help national and international investors work out whether their project qualifies for these incentives and get properly set up on the islands.
Canary Special Zone (ZEC)
The ZEC allows qualifying entities to pay just 4% corporate tax, provided they meet investment, job-creation and eligible-activity requirements. We assess feasibility, prepare the descriptive report, and handle the authorisation and registration with the Official ZEC Entities Registry.
Canary Investment Reserve (RIC)
The RIC lets you reduce your taxable base by up to 90% of undistributed profit, in exchange for committing to invest that amount in the Canary Islands within the legal deadline. We plan the allocation, track the investment timeline, and document how the funds were used so it can withstand a review.
Setting up and structuring
We analyse the right legal form, indirect taxation (IGIC and AIEM), investment incentives and the employment obligations of the project, and coordinate the entire process of establishing your business in Gran Canaria.
Frequently asked questions
- What tax rate applies under the ZEC?
- 4% corporate tax on the portion of the tax base corresponding to eligible operations, provided the employment and investment requirements are met.
- What is the deadline to invest the RIC allocation?
- Generally, within the three years following the year of allocation, in the assets and investments the regulation permits.