The Canary Islands, the best place for doing business
With outstanding infrastructures, services and advantages of the European lifestyle, the Canary Islands enjoy the best tax climate in Europe, full connectivity to access to global markets and experienced as well as exceptionally well-skilled workforce.
The best tax system in Europe
As an European outermost region, the Canary Islands have an Economic and Tax System (REF) of their own which is transparent, applies double taxation conventions and complies with all EU guidelines and competition laws. The key features of this attractive tax regime include: the lowest corporate tax rate (4%) and VAT (6.5%) in Europe and the highest refundable R&D fiscal incentives on the planet.
A strategic location for your business.
With political stability, outstanding infrastructure and services, the Canary Islands are a pro-business region favourable to companies of all sectors and sizes. A strategic location for establishing the headquarters of companies to access to the EU market, furthermore, it is the ideal gateway to operate in west African countries. Advanced transport linked by air and sea and ultimate telecommunications infrastructure enables total connectivity from the Canary Islands to the rest of the world.
Quality of life
Attracted by the best climate in the world, cosmopolitan atmosphere, well-developed health + education systems and affordable cost of living, the Canary Islands are a top tourism destination for Europeans.
Solid know-how and Workforce
The Canary Islands possess a solid know-how in key sectors and have talented and diverse workforce to assist the needs of the companies settled in the market. The Canary Islands, as being part of the EU, allows personnel mobilization without visa requirement.
As part of the European Union, the Canary Islands guarantees full application of the European legal framework. Companies appreciate the Canary Islands' transparent and stable environment for doing business. The Canary Islands have extremely transparent fiscal regulations, fully approved by the European Union and Double Treaty Agreements signed by Spain.
Companies that have already taken advantage of the Canary Islands ecosystem
Current information and events
Canary Islands renews and increases the benefits of the successful Business Ambassador Program (BAP)
EON Reality, the world leading virtual reality corporation from Silicon Valley chooses the Canary Islands as their Spanish headquarters