The lowest corporate tax rate in Europe and the highest refundable R&D incentives on the planet
Tax regime totally open and transparent
As one of Europe´s outermost regions, the Canary Islands have an Economic and Tax System, fully approved by the EU, which applies double taxation conventions and fiscal transparency. The Canary Islands tax regime is totally open and complies with OECD and EU competition laws. Companies which set up in this strategic business hub and create jobs can take advantage of a wide range of benefits. The most distinguishing factors within this favourable tax regime is that the Island´s have Europe´s lowest corporate tax rate (4%) as well as the highest incentives on the planet for all types of R&D projects from anywhere around the world.
One of the most attractive tax regime in the world
There are many reasons to consider the Canary Islands´ tax environment as one of the most competitive for global foreign direct investment.
The lowest Corporate tax rate in Europe
The highest refundable R&D and audiovisual incentives on the planet'
The lowest VAT rate in Europa.
Home to international companies
Competition in the global market means companies must exploit any opportunity for growth. That´s why having a competitive and totally transparent TAX environment is first-rate strategic leverage. The Canary Islands are already home to companies from around the world that are maximizing their opportunities to grow thanks to Europe´s best tax rates. What´s more, the Canary Islands offers the best incentives on the planet for investments in R + D projects