The Canary Islands are the perfect place to research, explore and test innovative solutions for a wide range of fields, from bioeconomics to digitalization, or astrophysics to oceanography. Their unique climate and environment, as well as excellent infrastructure and state-of-the-art technology means the Islands are ideal for any type of R&D project.
Big data & cloud computing
B2b software & services
Fintech & insurtech
Augmented and virtual reality
Video game design & animation software
The highest refundable R&D incentive on the planet
The Canary Islands have the world´s best tax breaks for R&D, for example in technology innovation activities, which means an annual 45% cost reduction. What´s more, the Canary Islands are the region in Europe with the lowest corporate tax rate (4%). As an EU outermost region, the Canary Islands have an Economic and Tax System (REF) of their own, fully approved by the EU, which applies double taxation conventions and fiscal transparency. Within this tax system, the Islands have generous tax incentives to attract investment and global talent.