Why Tenerife

Business support measures to mitigate the effects of COVID-19 on the economy

Following, different customs, health, business and tax measures, etc. are described to support companies in Tenerife, regarding the Coronavirus pandemic:


Relevant information for companies that are evaluating setting up their operations in Tenerife

ICO Companies and Entrepreneurs Line: for the self-employed, entrepreneurs and all kinds of companies, both Spanish and foreign, who wish to carry out business activities and / or investments, cover liquidity or expense needs within the national territory: https://www.ico.es/web/ico/ico-empresas-y-emprendedores

Resources from the Canary Network of Business Innovation and Development Centers

The CIDE Network (Canary Network of Business Innovation and Development Centers) makes available to companies, SMEs and the self-employed a repository of resources to consult and remember that CIDE technicians are available to help them.
Further information through the email: andreja@webtenerife.com

Government of the Canary Islands’ line of aid to SME

  1. The Ministry of Tourism, Industry and Commerce of the Government of the Canary Islands, launches a line of aid of 3.7 million Euros for the modernization and diversification of SMEs by the Covid-19: link to the BOC (Official Canarian Bulletin) (PDF).
  2. Subsidy: The purpose of the subsidy is to promote the development of new projects in newly created or existing companies in order to increase their productivity and competitiveness. Except in the case of newly created company projects, companies must have one or more employees at the time of submitting the application. More information

Tenerife Island Government’s line of aid to self-employed and Micro SMEs

Call for the Participatory Loan for the Creation and Development of Innovative SMEs

Liquidity Line

Liquidity Line COVID-19 of Aval Canarias SGR


Extension of deadlines for submission of quarterly IGIC (Canarian VAT) self-assessments corresponding to the first quarter of 2020

Quarterly 412 and 422 models: The filing period for the quarterly self-assessment corresponding to the settlement period of the first quarter of 2020 is extended until June 1, 2020. (Order of March 20, 2020).

Quarterly 417, 420 and 421 models: The filing period for the quarterly self-assessment corresponding to the settlement period of the first quarter of 2020 is extended until June 1, 2020. (Order of March 20, 2020). When the payment method is direct debit, the filing period is extended until May 27, 2020. (Order of March 31, 2020).

Moratorium of quotes to Social Security

Regulation: Royal Decree-Law 11/2020, of March 31st:

The General Treasury of the Social Security is empowered to grant moratoriums on the payment of social security contributions, for a period of six months, without interest, to companies and self-employed workers included in any Social Security regime, who request it and comply with the requirements and conditions that will be established by Order of the Minister of Inclusion, Social Security and Migration upon agreement of the Delegate Commission of the Government for Economic Affairs.

Application deadline: it will be presented to the General Treasury of Social Security within the first 10 calendar days of the statutory entry periods.

Place of presentation: in the case of companies, through the System of electronic remission of data in the field of Social Security (RED System) and in the case of the self-employed persons, through the RED System or by the available electronic means at the electronic headquarters of the Secretary of State for Social Security (SEDESS).

Link to Social Security website

Government of Spain: Economic Activities’ Tax of the year 2020

Modification of the payment term of the receipts of the Economic Activities’ Tax of the year 2020 (PDF):  the new deadline for the payment will run from September 16 to November 20, 2020, both inclusive.


Xpande Digital 2020 Program

Call for the Xpande Digital program for internationalization support services through international digital marketing action plans, as well as for the granting of financial aid to small and medium-sized companies in the province of Santa Cruz de Tenerife. More information

Postponement of payment of debts derived from customs declarations

Royal Decree-Law 11/2020 by which urgent measures are taken in the social and economic field to deal with COVID-19, establishes in its article 52, the postponement of debts customs. The rule provides the deferment of debts derived from customs declarations from April 2nd to May 30th, in the case that the amount thereof (including the different settled tax items) is equal to or greater than 100 Euros, but not higher than 30,000 Euros. The deferral will not apply if the recipient of the imported merchandise is a person or entity with a volume of operations in 2019 of more than 6,010,121.04 Euros.

Import of protective material against COVID-19 for the exclusive use of company workers

From the provincial Customs and Special Taxes department (dependencia provincial de Aduanas e Impuestos Especiales), they indicate: “If a company wants to import masks and gloves for the exclusive use of its employees, the products must bear the CE mark or not against the Medical Devices Directive. They must present an import authorization request, which includes a declaration signed by a legal representative of the company indicating: name and VAT number, description of the product and quantity , copy of the CE declaration of conformity issued by the manufacturer, declaration that they will be destined solely and exclusively to the workers of the company to carry out their functions and that they will not be marketed or supplied to others. They will not pass the pharmaceutical inspection control, but must provide the authorization of the AEMPS (Spanish Agency of Medicines and Health Products) “.

Essential services in the provision of international documentation from the Chamber of Commerce

The Chamber of Commerce of Santa Cruz de Tenerife reduces the number of personnel who work in person at its headquarters and its staff joins the telework modality, following the official recommendations to contain the spread of the Coronavirus or Covid19. Due to this situation, the way of working in customer service that requires documentation is modified. Certificates of origin, visas, ATA notebooks and other foreign trade certificates will cease to be issued immediately. They are enabled two days a week, Tuesday and Thursday, from 11 a.m. to 12:00 p.m., so that those interested can leave in an envelope the documentation they want to process. This documentation will be available for collection the following Tuesday or Thursday at the same time indicated. The invoice will be sent to the indicated email and payment will be made by transfer. Cash payment will not be accepted. In any case, the persons must please notify in advance that they will come to deliver the documentation, so that the Chamber of Commerce can have the necessary personnel. The reference people are the same:

Chamber of Commerce’s measures

List of the measures that have been adopted against Covid-19Besides, the technicians from the Business Creation department continue to answer questions from companies and the self-employed: 

  • Contact form
  • By phone: +34 922 100 400, Monday through Friday, between 08:00 and 15:00 .


Canarian Employment Service’s measures

Resolution of April 27th, 2020, which establishes the deadline for submitting applications and the credit for subsidies to complement the extraordinary benefit for suspension of activity for those affected by the declaration of the state of alarm for the crisis situation caused by COVID-19.


Solidarity initiatives that start from companies

The Spanish Confederation of Business Organizations (CEOE) launches the project ‘COMPANIES THAT HELP’ with the aim of coordinating, through its Foundation, the solidarity initiatives that start from companies to help cope with the crisis of the COVID-19: https://empresasqueayudan.es/