The opportunity in the professional services segment lies in the advantageous quality-cost-certainty ratio. In addition, the island has excellent telecommunications infrastructure and data connectivity, university and multilingual talent, competitive salary costs, and training aids.
In the last decade, factors such as salary increase and costs in emerging markets, rising inflation in many of these economies and the uncertainties generated by instability have led to a significant increase in Spain and also the Canary Islands as an investment destination. Tenerife is a very attractive place for multinational companies interested in providing services from a stable legal, political and financial framework, such as that of the European Union.
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