We are currently talking about the historic agreement reached by the G7, but we forget that since the year 2000, Europe has had an outermost region, with an attractive not only in terms of taxation, but also with interesting bases for the internationalization of any economic sector.
The Canary Islands, with a strategic location for markets between America, Europe and Africa. It has the lowest corporate tax rate in Europe, fully endorsed by the European Union and with all the guarantees of the European Union.
It has a strategic location for the development of SMEs of any sector, lowering operating and tax costs; thanks to the importance of the new teleworking operations, new technologies, you could establish your company with an operational center from the Canary Islands to expand its business operations with the rest of the world.
Even taking as a starting point the 15% for large companies according to the last G7 agreement, being an attractive and economic percentage, in the Canary Islands we have a Special Zone where the corporate tax rate is 4%, this could help any SME to strategically expand its operations and open to new markets, since the geographical location and the different commercial agreements of internationalization that the islands have will allow you to expand at a low cost.
Not only do we have this peculiarity, but also despite being part of the European Union we do not work with the European VAT, we have our own “Impuesto General Indirecto Canario”, whose general rate is 7%.
Likewise, we have a Fiscal Regime that cares about the growth of the company, with benefits that are completely compatible with the Canary Islands Special Zone, with considerable tax deductions, the highest in Spain. A crime rate of -11% according to the INE, a semi-tropical climate, with temperatures of 25-30 throughout the year.
We have to understand that the Canary Islands is not only one of the favorite areas for European tourism, it has a hidden potential behind its taxation, cost of living, geographical position and a rich human capital with highly qualified professionals and Know How for companies.
If you want more information, please contact us, we will advise you and accompany you to achieve your goal. We are an Integral Consultancy with international experience, accompanying you hand in hand in every step, since our goal is to help you grow.
