4% corporate income tax

Tenerife has the best tax regime in Europe, through the Canary Islands Special Zone (ZEC), with a 4% Corporate Tax, instead of 30% of the general regime and well below the European average.

Authorised by the EU

The Canary Islands Economic and Tax Regime (REF) has a unique character at European level: Fully authorised, transparent and compatible with EU legislation.

+ Differential benefits

Tenerife offers a combination of low taxation, bilateral agreements to avoid double taxation and reciprocal protection of investments, the Investment Reserve of the Canary Islands (RIC), which contemplates a reduction in the taxable base of up to 90% of the Undistributed Profits and Tax Deductions for investment in R+D or innovative activities.

Free Zone without tariffs

Tenerife offers the possibility of accessing the Free Trade Zone with total exemption from import duties, indirect taxes and special taxes on goods imported from and to a third country outside the European Union.