The Canary REF increases by 20 percentage points the Corporation Tax Law deductions for audiovisual productions, and 80% on the limits.
in particular the hiring of unemployed people and those with the greatest difficulties in finding work.
Deduction of up to 50% of the total quota corresponding to the income derived from the sale of tangible assets produced in the Canary Islands.
Spain was one of the first countries to implement a mechanism to promote the sale or commercial exploitation of patents and any form of intangible asset.
The Society for the Economic Development of the Canary Islands is actively involved in the financing of viable and innovative business projects in Tenerife.
Encourages the development of new R+D activities by foreign capital companies that are already established or are planning to set up in Spain.
Beyond the aid and services of ICEX and Proexca, there are special deductions for entities domiciled in the Canary Islands that make investments in West African territories and that spend on promotion and advertising, launching products, opening and prospecting markets abroad, and attending fairs or events of a similar nature.
The Chamber of Commerce, Industry, Services and Navigation of Santa Cruz de Tenerife is a differential instrument when dealing from Tenerife with markets in Latin America and especially in Africa.