Tax Advantages of Investing in Tenerife

Tenerife belongs to the Canary Islands Special Zone, a low taxation regime. Among other advantages, all companies that invest at least €100,000 and create five jobs can pay corporate taxes up to 4%. The tax regime is exceptional in the whole of the European Union and was authorised by the European commission in January 2000. It will last until the year 2019.

Other advantages include an exception from withholding tax and interest received by EU residents, and making use of treaties for avoiding double taxation signed by Spain.

If you would like more information about the tax advantages of investing in Tenerife, please contact us to arrange a meeting.