Unlock a realm of opportunities in the flourishing video game industry right here in the Canary Islands!
Canarias has emerged as the ultimate destination for video game development, experiencing remarkable growth with over forty dynamic companies choosing to establish their roots in this vibrant archipelago.
Platforms for popular video games like League of Legends, boasting over 180 million users, and Spain’s top video game, Blasphemous II, have been undertaken in Canarias.
The Canary Islands provide an enticing array of tax advantages, thanks to the Economic and Fiscal Regime (REF), aligning with both EU and Spanish legal frameworks. This makes the Canary Islands not just a hub for video game development but a premier destination in Europe for cutting-edge technology and audiovisual projects. Picture this in a backdrop of perfect weather, an unparalleled quality of life, a thriving ecosystem, homegrown talent, robust institutional support, and unwavering professional loyalty.
Key Insights:
- Deduction for investment in video game development in Canarias: 45%
- The Canary Islands Special Zone (ZEC), designed for establishing companies in Canarias, offers a reduced 4% corporate tax rate, in addition to being compatible with the aforementioned fiscal benefits.
- A 25% deduction for investment in fixed assets.
- A 10%-15% deduction for investment in promotion and advertising expenses.
Projects developed in Canarias
This is how the Canary Islands look like
