CREATIVE AND CULTURAL INDUSTRIES
Deductions of up to 50-45%
The local industry, with highly specialized training, high-quality services, and tax incentives (REF), makes Tenerife a very competitive market in the European context for carrying out creative and cultural productions such as films, series, live-action and animated documentaries, and commercials. In the Canary Islands, the investment tax deduction incentive for Spanish and international productions stands at 50–45%.
Highly developed industry
The Canary Islands are one of the regions of Spain with the highest number of hours of sunshine per year. Its diversity of natural sceneries and exceptional climate consolidate Tenerife as one of the best places in Europe to host audiovisual productions. It also has a solid audiovisual sector with qualified teams and professionals, with experience to meet any need.
Laboratory for new audiovisual trends
Tenerife is also a powerful setting and testing laboratory for new trends in the audiovisual and interactive entertainment industry, such as virtual and augmented reality, electronic sports, online and multiplayer games.
