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Financial Benefits
 
Tax

Fiscal advantages in the Canary Islands for private or professional investments.
 
The Canary Islands have been categorized by the European Central Government as the Z.E.C (Zona Especial Canarias), this implies low taxation (only 5% I.G.I.C - equivalent of VAT), 18% on capital gains. Buying in the name of a company will exempt you from said tax. The R.I.C (Reservas de Inversiones Canarias), stipulates that companies will be taxed at just 10% of their profit if they allocate 90% within the Canarian territory. The government allows a period of three years to invest those benefits. As such, we have been witnessing a spectacular economical growth during recent years, and an increasing number of Multinational Offshore Companies on the islands.