The Canary Islands, the best place for doing business

With outstanding infrastructures, services and advantages of the European lifestyle, the Canary Islands enjoy the best tax climate in Europe, full connectivity to access to global markets and experienced as well as exceptionally well-skilled workforce.

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The best tax system in Europe

As a European outermost region, the Canary Islands have an Economic and Tax System (REF) of their own which is transparent, applies double taxation conventions and complies with all EU guidelines and competition laws. The key features of this attractive tax regime include: the lowest corporate tax rate (4%) and VAT (7%) in Europe and the highest refundable R&D fiscal incentives on the planet.

France
25%
Spain (Mainland)
25%
Germany
15%
E.U. Average
21.7%
Ireland
12.5%
The Canary
Islands
4%
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Canary Islands in the world Map

A strategic location for your business.

With political stability, outstanding infrastructure and services, the Canary Islands are a pro-business region favourable to companies of all sectors and sizes. A strategic location for establishing the headquarters of companies to access to the EU market, furthermore, it is the ideal gateway to operate in west African countries. Advanced transport linked by air and sea and ultimate telecommunications infrastructure enables total connectivity from the Canary Islands to the rest of the world.

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Key business opportunities

Maritime Oil & Gas
ICT and digitalization
Natural Lab
Astrophisics and Blue Economy
Outsourcing and Data Center
R & D Initiatives
Audiovisual
Business in Africa

Companies already established in the Canary Islands

Atos Kongsberg EON Reality Amuse Koyi Tv El Ranchito

Quality of life

Attracted by the best climate in the world, cosmopolitan atmosphere, well-developed health + education systems and affordable cost of living, the Canary Islands are a top tourism destination for Europeans.

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Tenerife auditorium
El Teide volcano
Harbor at sunset

Solid know-how and Workforce

The Canary Islands possess a solid know-how in key sectors and have talented and diverse workforce to assist the needs of the companies settled in the market. The Canary Islands, as being part of the EU, allows personnel mobilization without visa requirement.

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equity balance
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Guaranteed Security

As part of the European Union, the Canary Islands guarantees full application of the European legal framework. Companies appreciate the Canary Islands' transparent and stable environment for doing business. The Canary Islands have extremely transparent fiscal regulations, fully approved by the European Union and Double Treaty Agreements signed by Spain.

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Success Cases

Companies that have already taken advantage of the Canary Islands ecosystem

Arthur Lener Amuse CEO

The Canary Islands are the best destination in Europe for the audiovisual and animation sector because they have some of the best incentives in the world
Arthur Lener. CEO

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José Manuel Rodríguez Macías ATOS CEO

The Canary Islands are a bridge to Africa and have first rate, professional services"Jose Manuel Rodríguez Macías. CEO

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Nils Reider Olsvit Valle

The security of operating in the Canary Islands means that there are not surprises when it comes to regulations and policies”Nils-Reider Olsvit Valle. Service Center Manager

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