Special Canary Islands
in Tenerife

The Canary Islands Special Zone is a low tax zone whose purpose is to promote the economic and social development of the Islands and diversify its economic structure, which is why it is open to companies that operate only in certain immature sectors in the Islands, and that are authorized and registered in a special registry.
Tax advantages:
– Reduction of the tax rate of Corporate Income Tax
– Tax exemption on dividends and interest paid
– Some exemptions in the Tax on Patrimonial Transfers and Documented Legal Acts (ITPAJD)
– Some exemptions in the IGIC.
In general terms, all those entities and branches that intend to carry out an industrial, commercial or service activity included in a list of economic activities, can be installed in the ZEC. In addition, according to the limit of the Community Law on accumulation of financial support and under certain conditions, ZEC tax advantages are compatible with other REF tax incentives like the Reserve for Investment, the regime of deductions for investments and the tax-free areas.