{"id":4363,"date":"2025-07-23T11:31:42","date_gmt":"2025-07-23T09:31:42","guid":{"rendered":"https:\/\/advixy.com\/f-a-q-frequently-asked-questions-taxation-in-the-canary-islands-for-entrepreneurs\/"},"modified":"2025-09-25T23:59:10","modified_gmt":"2025-09-25T21:59:10","slug":"f-a-q-frequently-asked-questions-taxation-in-the-canary-islands-for-entrepreneurs","status":"publish","type":"page","link":"https:\/\/advixy.com\/en\/f-a-q-frequently-asked-questions-taxation-in-the-canary-islands-for-entrepreneurs\/","title":{"rendered":"F.A.Q. 13 Frequently Asked Questions about Taxation in the Canary Islands for Entrepreneurs"},"content":{"rendered":"\n<h1 class=\"wp-block-heading has-black-color has-text-color has-link-color has-x-large-font-size wp-elements-1e0b58ac05015f9deedf4f2dbbd0872a\"><strong>F.A.Q. &#8211; 13 Frequently Asked Questions on Taxation in the Canary Islands for Entrepreneurs<\/strong><\/h1>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-bd12b55f347d644e1e1c68c57771f78f\"><strong>What tax advantages are there for entrepreneurs in the Canary Islands?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-ee8ede600d24b49898c208239d5437b6 wp-block-paragraph\">The Canary Islands offer an exceptional tax framework within the Spanish territory, with specific incentives for those who develop economic activity in the archipelago. The main advantages include: <\/p>\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-929a654d277e9806fa933706b47a8868\">Reduced corporate income tax rates (up to 4% in ZEC regime).<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-3db04c572bb40baa53668e98b67ab60b\">A lower indirect tax (IGIC) instead of the peninsular VAT.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-2652b7fd7f0faa42ade38a6cc39471dc\">Deductions for investment, hiring and innovation.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-df7054f530ffc6b1d35a23b2e00e470c\">The possibility of setting aside undistributed profits through the Reserve for Investments in the Canary Islands (RIC), reducing the tax burden.<\/li>\n<\/ul>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-8dfad2f626d3add01ac43f7181100ff3 wp-block-paragraph\">These benefits require meeting specific criteria. At Advixy <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">we evaluate your case<\/a> so that you can take advantage of them safely and effectively. <\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-fcc6e98f2347c666ea9ac3a30cf48f9f\"><strong>What is the Canary Islands Special Zone (ZEC) and who can access it?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-67d6263b8cb4912f63ce13ff7156be56 wp-block-paragraph\">The ZEC is a special tax regime authorized by the European Union that allows taxation at 4% on corporate income tax. It is aimed at newly created companies that carry out authorized economic activities from the Canary Islands and meet certain requirements in terms of investment, employment and location. <\/p>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-8ca33e28e50bd2536b9a903256d7e4ef wp-block-paragraph\">If you have a company with national or international projection, <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">we can help you to structure it<\/a> under the ZEC in a suitable way from Advixy.<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-312603ab5a1f8a32d1574354c65737f1\"><strong>3. Is it mandatory to be a tax resident in the Canary Islands to have access to those of the archipelago?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-989d9dbbcff6bb28c9ecc5c01be278a9 wp-block-paragraph\">Not necessarily. The key is not so much the personal fiscal residence, but that <strong>the company or the activity is really located and managed from the Canary Islands.<\/strong> That is to say:  <\/p>\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-0d42a3b012a28db4b6d3be40c5e87c67\">A person can live outside the archipelago, but his company must have fiscal domicile, effective address and substantial activity in the Canary Islands.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-e86c60b8bb0023e2c5b5ac9d7ec5fe97\">In the case of self-employed workers, it is usual that they must be tax residents in the islands, unless they operate through a permanent establishment with a local structure.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-ef1841db7452d017b7715bff3e81455e\">In companies under the ZEC regime (Canary Islands Special Zone), it is mandatory that at least one of the administrators or legal representatives be a tax resident in the Canary Islands during the whole period of enjoyment of the regime.<\/li>\n<\/ul>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-653eb2abf53ec0eb75a43f17f77ad960 wp-block-paragraph\">Compliance with the requirements of economic substance and real presence is essential to access and maintain tax incentives. In Advixy <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">we analyze your personal and business situation<\/a> to configure the most appropriate structure and avoid risks. <\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-fa8601dfbb01e4ad108f6ee97be84f06\"><strong>Can I work as a freelancer and benefit from the Canary Islands incentives?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-e11abc07e21a0ca8916785545e43f4b7 wp-block-paragraph\">Yes, although some incentives are designed for companies, there are also relevant benefits for the self-employed, such as the reduced IGIC rate, certain tax rebates and the possibility of establishing an effective headquarters in a low tax environment. <\/p>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-8be3c17cbdd972c164e76cb5efb2c910 wp-block-paragraph\">From Advixy we help you to decide whether it is better for you to operate as a freelancer or to incorporate a company, <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">analyzing your business model and growth prospects<\/a>.<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-967d27032b12944aa5935b233f9795cd\"><strong>5. What are the requirements to qualify for the ZEC?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-a5ffb3b821ddc8f53ec4ce40fde435f2 wp-block-paragraph\">The main requirements are:<\/p>\n\n<ul class=\"wp-block-list has-medium-font-size\">\n<li class=\"has-black-color has-text-color has-link-color wp-elements-f88ddcd944319964e939ed8ce70cabd8\">To create a new entity with domicile and effective address in the Canary Islands.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-daffba4498e398312f4d213735f45d82\">Make a minimum initial investment in fixed assets in the first years.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-cd267fdd1446e1ba86d85ef97c11a415\">To hire a minimum number of employees resident in the Canary Islands.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color wp-elements-f53f7efda9f8bcdde12ece4fb38d757e\">To develop an activity included in the list allowed by the ZEC.<\/li>\n<\/ul>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-0df51a020c3dc0cb969c43e057084ab3 wp-block-paragraph\">In Advixy <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">we take care of the whole process<\/a>: from the application to the ZEC Consortium to the implementation of your activity in full compliance with the regulations.<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-6a2516951f5984d1549be76b382ba12b\"><strong>What is the difference between IGIC and VAT?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-9f3e4ea0cc59afbbadd55e667d62758f wp-block-paragraph\">IGIC is the Canary Islands General Indirect Tax and replaces VAT in the archipelago. It has lower tax rates (the general rate is 7%) and certain exemptions depending on the type of good or service.   <\/p>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-0049d4713a04c87632dc48663397db23 wp-block-paragraph\">It is essential to have a good understanding of the IGIC regulations and rules in order to invoice and tax correctly, especially if your company sells both inside and outside the Canary Islands and you need to adapt your operations to both fiscal frameworks.<\/p>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-4d688d6894d6422826d6516f87ddf27b wp-block-paragraph\">At Advixy <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">we help you to adjust your invoicing and accounting<\/a> to both the specific Canary Islands system and the general Spanish tax regime, offering expert advice for companies operating throughout Spain.<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-cea04c4acd0160a3f8da3b6bdbced684\"><strong>What is the Canary Islands Investment Reserve (RIC)?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-eeb88a2f71d9576bb834e0f63a1c976c wp-block-paragraph\">The RIC allows Canary Islands companies to allocate part of their profits to a special reserve, exempt from taxation, provided that they are reinvested in certain assets or projects within the Canary Islands. It is a powerful tool to reduce the tax burden and finance business growth. <\/p>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-e1beb687153f3ab12cc0523b03394c68 wp-block-paragraph\">However, its implementation requires a technical study and a rigorous follow-up. In Advixy we <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">offer you this specialized accompaniment<\/a>. <\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-739294db0e1029c92333915ec42cd588\"><strong>Are tax benefits automatic or do they have to be requested?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-aa98e983568440d213d97e3c553bbe9e wp-block-paragraph\">No tax incentive is applied automatically. They all require planning, documentation and, in some cases, prior approval by the competent administration. Even if you meet the requirements, a misinterpretation or lack of control can cause you to lose key benefits or generate tax contingencies.  <\/p>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-9c76a7ce5d76ccad64bacf67c7ee03f7 wp-block-paragraph\">At Advixy <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">we make sure that everything is correctly requested, applied and documented<\/a>.<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-a959041da3a445af3535f469e5395430\"><strong>9. Can I have my company in the Canary Islands and operate nationally or internationally?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-535d23c24322b1535766abeba65591de wp-block-paragraph\">Yes, many companies choose the Canary Islands because of its taxation, its connectivity with Europe and Africa and its legal framework fully integrated into the Spanish system. You can operate from the Canary Islands to any part of the world, always complying with the requirements of economic substance demanded by the regulations.  <\/p>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-6d790f862e9b7979d14405dc0d1e765d wp-block-paragraph\">Advixy <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">designs with you the optimal structure<\/a> for your company to be operational and in compliance from day one.<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-0a0ffbb624e3b457acbca21bd97842be\"><strong>10. What is the best legal form for entrepreneurship in the Canary Islands?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-2961b25fc2d0b53f012264b5ed240655 wp-block-paragraph\">There is no single answer. It will depend on factors such as: <\/p>\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-7f40e699169d823fbcef8aae31f3c2dc\">Your personal and tax situation.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-8e3cb22a8ba8f22772658fe0bebb1d52\">Estimated turnover.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-7c56839da5ad5cb73ced6f691a71c713\">Whether you will work alone or with partners.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-94b25d2a1ddffc9e0843fab6be151172\">If you need to limit your liability.<\/li>\n<\/ul>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-05561817a2362ea1bd10ce18e153b9ac wp-block-paragraph\">The choice between self-employed, SL or ZEC must be based on a solid strategy. From Advixy <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">we advise you<\/a> to choose and configure the legal form that best suits your project. <\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-e099c9101f87c5b46089d9872bf18a1f\"><strong>How long does it take to incorporate a company and start operating in the Canary Islands?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-8df5abe2269560447c2c4364265185cc wp-block-paragraph\">The process can take between 1 and 4 weeks, depending on the type of company and whether the ZEC regime is accessed. It is necessary to take into account notary formalities, registry registration, obtaining of NIF, census registration and, if applicable, ZEC authorization. <\/p>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-ff33c0fa1177d48ae6cc63746070fc60 wp-block-paragraph\">At Advixy <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">we expedite each phase<\/a> so that you can start as soon as possible, with all the legal and fiscal guarantees.<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-2bf716595489592fdba9f058a14388ab\"><strong>12. Where are the lowest corporate income tax rates in Spain and how do they compare with the Canary Islands?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-8bd454cc8a17d19fca82ae462a85e329 wp-block-paragraph\">The Canary Islands leads the way in business taxation in Spain thanks to the Canary Islands Special Zone (ZEC), which allows taxation at the lowest corporate income tax rate in the country and in Europe: only 4% for companies that meet its requirements.<\/p>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-e2e9a3057206f8b92840afb0bd0b78de wp-block-paragraph\">In addition to the Canary Islands regime, there are two other options of interest for certain business profiles:<\/p>\n\n<ul class=\"wp-block-list\">\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-e4d25c6e998656afc47432e6921406f1\">Basque Country: offers a general rate of 24% and a reduction to 20% for micro and small companies, within its own tax regime.<\/li>\n\n\n\n<li class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-1fcb63e8201e8428077dd7f4fd9978a3\">Navarra: maintains a general rate of 28%, but allows reduced rates for small and micro-enterprises, which can be between 19% and 23% in certain cases.<\/li>\n<\/ul>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-3797a345c244557332c39a4ec1e4689f wp-block-paragraph\">These regimes are reserved for companies with tax domicile and effective activity in each territory, but no option reaches the tax advantage of the Canary Islands. If you want to study the best strategy for your company, <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">our expert team can evaluate your case and help you to optimize your taxation and growth.<\/a> <\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading has-black-color has-text-color has-link-color wp-elements-f624fda0999ad6c0b9ff11b5c7265bdd\"><strong>Are there little-known legal forms that can bring strategic advantages to my company?<\/strong><\/h2>\n\n<p class=\"has-black-color has-text-color has-link-color has-medium-font-size wp-elements-99c0b48a6a263d89f8db3fb2f9c56c24 wp-block-paragraph\">Yes, there are special legal forms such as the European Economic Interest Grouping (EEIG), Special Purpose Vehicles (SPV), and General Interest Entities (EIG), which allow optimizing taxation, managing risks and coordinating complex business projects. These structures are particularly useful for innovative companies, international investments or strategic groupings. The choice of the appropriate vehicle depends on many factors, so it is advisable to <a href=\"https:\/\/advixy.com\/en\/tax-consultancy-in-tenerife-and-the-canary-islands\/\" data-type=\"page\" data-id=\"4501\">seek expert advice<\/a> to design the best legal and tax strategy.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>F.A.Q. &#8211; 13 Frequently Asked Questions on Taxation in the Canary Islands for Entrepreneurs What tax advantages are there for entrepreneurs in the Canary Islands? The Canary Islands offer an exceptional tax framework within the Spanish territory, with specific incentives for those who develop economic activity in the archipelago. The main advantages include: These benefits require meeting specific criteria. At Advixy we evaluate your case so that you can take advantage of them safely and effectively. What is the Canary Islands Special Zone (ZEC) and who can access it? The ZEC is a special tax regime authorized by the European Union that allows taxation at 4% on corporate income tax. It is aimed at newly created companies that carry out authorized economic activities from the Canary Islands and meet certain requirements in terms of investment, employment and location. If you have a company with national or international projection, we can help you to structure it under the ZEC in a suitable way from Advixy. 3. Is it mandatory to be a tax resident in the Canary Islands to have access to those of the archipelago? Not necessarily. The key is not so much the personal fiscal residence, but that the company or the activity is really located and managed from the Canary Islands. That is to say: Compliance with the requirements of economic substance and real presence is essential to access and maintain tax incentives. In Advixy we analyze your personal and business situation to configure the most appropriate structure and avoid risks. Can I work as a freelancer and benefit from the Canary Islands incentives? Yes, although some incentives are designed for companies, there are also relevant benefits for the self-employed, such as the reduced IGIC rate, certain tax rebates and the possibility of establishing an effective headquarters in a low tax environment. From Advixy we help you to decide whether it is better for you to operate as a freelancer or to incorporate a company, analyzing your business model and growth prospects. 5. What are the requirements to qualify for the ZEC? The main requirements are: In Advixy we take care of the whole process: from the application to the ZEC Consortium to the implementation of your activity in full compliance with the regulations. What is the difference between IGIC and VAT? IGIC is the Canary Islands General Indirect Tax and replaces VAT in the archipelago. It has lower tax rates (the general rate is 7%) and certain exemptions depending on the type of good or service. It is essential to have a good understanding of the IGIC regulations and rules in order to invoice and tax correctly, especially if your company sells both inside and outside the Canary Islands and you need to adapt your operations to both fiscal frameworks. At Advixy we help you to adjust your invoicing and accounting to both the specific Canary Islands system and the general Spanish tax regime, offering expert advice for companies operating throughout Spain. What is the Canary Islands Investment Reserve (RIC)? The RIC allows Canary Islands companies to allocate part of their profits to a special reserve, exempt from taxation, provided that they are reinvested in certain assets or projects within the Canary Islands. It is a powerful tool to reduce the tax burden and finance business growth. However, its implementation requires a technical study and a rigorous follow-up. In Advixy we offer you this specialized accompaniment. Are tax benefits automatic or do they have to be requested? No tax incentive is applied automatically. They all require planning, documentation and, in some cases, prior approval by the competent administration. Even if you meet the requirements, a misinterpretation or lack of control can cause you to lose key benefits or generate tax contingencies. At Advixy we make sure that everything is correctly requested, applied and documented. 9. Can I have my company in the Canary Islands and operate nationally or internationally? Yes, many companies choose the Canary Islands because of its taxation, its connectivity with Europe and Africa and its legal framework fully integrated into the Spanish system. You can operate from the Canary Islands to any part of the world, always complying with the requirements of economic substance demanded by the regulations. Advixy designs with you the optimal structure for your company to be operational and in compliance from day one. 10. What is the best legal form for entrepreneurship in the Canary Islands? There is no single answer. It will depend on factors such as: The choice between self-employed, SL or ZEC must be based on a solid strategy. From Advixy we advise you to choose and configure the legal form that best suits your project. How long does it take to incorporate a company and start operating in the Canary Islands? The process can take between 1 and 4 weeks, depending on the type of company and whether the ZEC regime is accessed. It is necessary to take into account notary formalities, registry registration, obtaining of NIF, census registration and, if applicable, ZEC authorization. At Advixy we expedite each phase so that you can start as soon as possible, with all the legal and fiscal guarantees. 12. Where are the lowest corporate income tax rates in Spain and how do they compare with the Canary Islands? The Canary Islands leads the way in business taxation in Spain thanks to the Canary Islands Special Zone (ZEC), which allows taxation at the lowest corporate income tax rate in the country and in Europe: only 4% for companies that meet its requirements. In addition to the Canary Islands regime, there are two other options of interest for certain business profiles: These regimes are reserved for companies with tax domicile and effective activity in each territory, but no option reaches the tax advantage of the Canary Islands. If you want to study the best strategy for your company, our expert team can evaluate your case and help you to optimize your taxation and growth. 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