THE BEST TAX REGIME IN EUROPE WITH A 4% CORPORATE INCOME TAX RATE
As an outermost region of the European Union (EU), the Canary Islands enjoy their own Economic and Fiscal Regime (REF), fully approved by the EU, in which the double taxation and fiscal transparency treaties apply.

0% VAT (WE DO NOT HAVE VAT!)
In the Canary Islands, VAT is not applicable. In its place, we have the IGIC (Impuesto General Indirecto Canario), whose general rate is 7%.

MAXIMUM GUARANTEE OF LEGAL SECURITY
Integrated in the legal and juridical system of the European Union (EU), the Canary Islands offer total guarantee of security and protection to individuals and companies. Data protection, free competition, financial regulations and familiarization with all international anti-corruption measures.

FULL INTEGRATION IN FISCAL TRANSPARENCY TREATIES
Application of European regulations, double taxation treaties, OECD and G20 regulations against tax evasion.
The Economic and Fiscal Regime (REF) of the Canary Islands fully respects all European legal and juridical policies.

TAX INCENTIVES
Reduction of up to 90% in undistributed net income.
50% bonus for the production of tangible goods.
Exemptions in direct taxation for incorporation of the company, capital increase and acquisition of investment goods.

INSTALLATION IN FREE ZONES
Economic advantages for the practice of exporting and importing.

R&D&I DEDUCTIONS
Deduction of the full amount of corporate income tax.