--- title: "Optimise their tax structure through the Canary Islands Special Zone" description: "How international companies optimise their tax structure through the Canary Islands ZEC In the Canary Islands Special Zone, all entities and branches that carry out an industrial, commercial, service..." url: https://www.fimax.es/canary-island-special-zone/ date: 2026-03-10 modified: 2026-08-11 author: "Fimax Asesores" image: https://www.fimax.es/wp-content/uploads/2026/01/guia-completa-de-la-zona-especial-canaria-zec-ventajas-requisitos.jpg type: page lang: es --- # Optimise their tax structure through the Canary Islands Special Zone ![logo light](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)![logo light](https://www.fimax.es/wp-content/uploads/2022/07/logo-light.png) # How international companies **optimise their tax structure** through the Canary Islands ZEC In the Canary Islands Special Zone, all entities and branches that carry out an industrial, commercial, service or other permitted activity are able to establish themselves in the Canary Islands Special Zone and in so doing benefit from a range of tax advantages. [ Request your free consultation ](#contact) ![canary island special zone thumb](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)![canary island special zone thumb](https://www.fimax.es/wp-content/uploads/2026/03/canary-island-special-zone-thumb.jpg) ## Take advantage of one of the most attractive tax regimes in EuropeDiscover the **main advantages** of belonging to the Canary Islands Special Zone #### 4% tax ZEC companies are subject to Corporate Income Tax at a reduced tax rate of 4% (compared to the European Union (EU) average of 23%). #### Exempt from withholding Dividends distributed by subsidiaries of ZEC entities to their parent companies in another EU country are exempt from withholding tax. [ Request your free consultation ](#contact) ## Main sectorsThe activities that can be carried out in the ZEC are very diverse, both in the industrial field and in the services and wholesale trade. Audiovisual R&D Production of Tangible Goods Travel agencies ![incentivos-fiscales-av-espectaculos-rodaje](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)![incentivos-fiscales-av-espectaculos-rodaje](https://www.fimax.es/wp-content/uploads/elementor/thumbs/incentivos-fiscales-av-espectaculos-rodaje-rhb3t2jg081gkesvhlwtd6g6jysj20j5xjrpvxa5hc.jpg) The Canary Islands have established themselves in recent years as one of the leading destinations for international audiovisual productions. This is further enhanced by tax incentives, specialized technical infrastructure, and institutional support, all key factors in attracting filming by major international production companies. - Tax deductions of up to 50/54% - Maximum deduction limits are higher than those in the Peninsula - Compatibility between incentives [ Request your free consultation ](#contact) ![mujer-investigadora](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)![mujer-investigadora](https://www.fimax.es/wp-content/uploads/elementor/thumbs/mujer-investigadora-r9k9vuimdkajpvy7l03ulxn0hrz9o8n9trbtx33lmo.jpg) All companies that invest in Research, Development, and Technological Innovation (R&D&iT) are entitled to access the corresponding tax incentives. These incentives take the form of deductions applied to corporate income tax and are generated through the execution of research, development, and/or technological innovation projects. - Tax deductions up to 75% higher - Higher corporate tax deduction - Possibility of monetizing unused deductions - Direct reduction of the tax burden on corporate profits [ Request your free consultation ](#contacto) ![bonificacion-empresas-productoras-de-bienes-corporales](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)![bonificacion-empresas-productoras-de-bienes-corporales](https://www.fimax.es/wp-content/uploads/elementor/thumbs/bonificacion-empresas-productoras-de-bienes-corporales-rjq6ilrn2kjmo4k2gxv1xhq0vbswkkcyyvt8zg5i68.jpg) Companies producing tangible goods in the Canary Islands can apply a 50% reduction to the gross Corporate Tax or Personal Income Tax liability on income derived from that activity. It is one of the most significant incentives of the Canary Islands’ Economic and Fiscal Regime and, in many cases, is underutilized. - 50% deduction on profits - Taxation at 2% [ Request your free consultation ](#contacto) ![la-nueva-normativa-de-viajes-combinados-pone-fin-a-la-responsabilidad-solidaria-para-las-agencias (1)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)![la-nueva-normativa-de-viajes-combinados-pone-fin-a-la-responsabilidad-solidaria-para-las-agencias (1)](https://www.fimax.es/wp-content/uploads/elementor/thumbs/la-nueva-normativa-de-viajes-combinados-pone-fin-a-la-responsabilidad-solidaria-para-las-agencias-1-poep3es4tty0zix00nc3zba0ocozq0cqw0v5wzswn4.jpg) Travel agencies operating within the Canary Islands Special Zone (ZEC) enjoy significant tax advantages. Thanks to the Canary Islands regime—where IGIC applies instead of VAT—there is a favorable difference of approximately 14 percentage points, enabling them to offer more competitive prices and improve business profitability within the tourism sector. - Tax advantage of up to 14 percentage points compared to VAT. - Greater competitiveness in tourism prices - Better profitability for travel agencies - The Canary Islands, a strategic hub for international tourism [ Request your free consultation ](#contacto) ## Requirements of the Canary Islands Special ZoneTo benefit from the tax advantages of the Canary Islands Special Zone (ZEC), companies must meet a series of requirements established by current regulations. ### Administrator Administrator residing in the Canary Islands. ### Investment **€100,000 or €50,000 investment**, depending on whether it is a larger or smaller island. ### Employment **Creation of 5 or 3 employees**, depending on whether it is a larger or smaller island. ### Geographical scope The activities must be carried out within the geographical area of ​​the Canary Islands. ### New entity **Creation of a newly constituted entity** in the Canary Islands. ### Activity That its corporate purpose falls within the **activities permitted** within the framework of the ZEC. [ Request your free consultation ](#contact) ## Establish your business in the Canary Islands to obtain the best tax benefits in Europe Establish your business in the Canary Islands to obtain the best tax benefits in Europe [ Request your free consultation ](#contact) ## Why Fimax Asesores? + 0 #### Companies advised + 0 #### Planned family businesses 0 #### Years of experience 0 #### Offices ## What do our customers think? Javier Pulido**********Trustpilot Clear, efficient, and secure processing, with direct communication for everything needed. In my case, we handled the opening of a limited liability company (SL) in the ZEC zone, and they provided clarity throughout the entire process and delivered the service completely and with great ease. Anna J.**********Trustpilot Excellent service, muy profesional and efficiently. We have the results in less waiting time than we have been thought. They are a professional team. Indira Santana**********Google Excellent service and professionalism from Andrea. She helped me with paperwork, and her handling of the process was impeccable, quick, and very clear. It's wonderful to find such efficient and professional people. Highly recommended! Agustin Gonzalez betancort**********Google Good afternoon, they are the kindest people I have ever met, working from dawn till dusk every day of the week, I can vouch for that. You can see that they go out of their way for the customer, that's why I give the director 5 stars, a well-deserved hug. ![trustpilot very good](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)![trustpilot very good](https://www.fimax.es/wp-content/uploads/2026/03/trustpilot-very-good.png) #### Request a free consultation Fill out the form and receive a personalized simulation of how your company can save thousands of euros with the ZEC. We’ll contact you in less than 24 hours! ## FAQ What is the Canary Islands Special Zone (ZEC)? The Canary Islands Special Zone (ZEC) is a low-tax regime established in the Canary Islands to encourage foreign and domestic investment for economic development in the region. What are the tax benefits of the ZEC? Companies that establish themselves in the ZEC enjoy significant tax advantages, such as a reduced corporate tax rate of 4%. Who can benefit from the ZEC? Both local and foreign companies can benefit from the ZEC, as long as they meet the established requirements, such as job creation and investments in productive assets. What is the process for joining the ZEC? The process involves submitting an application to the competent body, complying with the requirements and commitments established by the regulations. How long does the preferential tax regime last in the ZEC? The tax benefit has an indefinite duration and is renewed every 10 years by the Spanish authorities and the European Union. The continuity of the ZEC Zone is guaranteed by the European Union. Which sectors are eligible for the ZEC? The ZEC covers a wide range of sectors, from services to industry, promoting economic diversification in the Canary Islands. How does the ZEC affect job creation in the region? One of the fundamental requirements to benefit from the ZEC is the generation of local employment, thus contributing to the social and economic development of the community. Can other incentives be combined with the ZEC? Yes, it is possible to combine the ZEC with other available incentives and aid, making the region even more attractive for investment. What are the accounting and reporting obligations for companies in the ZEC? Companies in the ZEC must comply with the usual accounting and reporting obligations, ensuring transparency and regulatory compliance. How can Fimax Asesores help companies interested in the ZEC? If you would like more information or need personalized advice about the Canary Islands Special Zone, please do not hesitate to contact Fimax Asesores. We will guide you from start to finish, providing a turnkey service for setting up your company within the ZEC (Canary Islands Special Zone) organization. ![Logo Fimax](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)![Logo Fimax](https://www.fimax.es/wp-content/uploads/2024/08/logo-fimax-svg.svg) - 2026 © Fimax Asesores - [ Privacy Policy ](https://www.fimax.es/politica-de-privacidad/) - [ Legal notice ](https://www.fimax.es/aviso-legal/) - [ Cookies policy ](https://www.fimax.es/politica-de-cookies/) - [ Transparency Portal ](https://www.fimax.es/portal-de-transparencia/)