The Canary Islands are integrated within the international fiscal transparency regulations
The Canary Islands have extremely transparent fiscal regulations, fully approved by the European Union and Double Treaty Agreements signed by Spain.
Several actions have been adopted to combat tax avoidance and offshore tax evasion by the OECD and the G20 governments.
These transparent fiscal regulations, administered by the Economic and Fiscal Regimen of the Canary Islands (REF), benefit companies through legal process cost reductions.
European Security Framework
The EU legal system has one of the highest standards of international legal security, which results in higher protection for companies based in the Canary Islands in many aspects, including data protection, free competition and financial regulations.