The cosmopolitan atmosphere of the Canary Islands is mainly due to the significant presence of foreign communities who reside permanently in the islands, attracted by their business opportunities, benign climate, rich landscapes and quality of life.
As regards physical security, the homicide ratio is 0.37% per 100,000 people, and the freedom of expression, the gender equality and other ratios also contribute to the appeal of life in the islands. In addition, the presence of the main banking institutions and world consulting companies and the access to the Single European Market, with the euro as the of cial currency, makes life easy and agreeable in this territory, which is more than just a holiday destination.
As regards companies, it is worth mentioning that the EU-Blue Card is applicable in the Canary Islands. This is a special modality of residence and work permit that allows the holder to access the EU work market. Alien citizens who have been holders of an EU-Blue Card for more than eighteen months and are going to be hired by a Spanish company may travel to Spain without need of a prior visa.