Canary Especial Zone looks for foreign investment

Tuesday, 03 March 2015

Caixabank and the Canary Especial Zone (ZEC, in its Spanish acronym) undertake to attract foreign investors to the Canary Islands trough diffusion about tax advantages offered by them and the investors disposal to give a personal costumer service experience according to the agreement signed yesterday by Andrés Orozco, regional director of CaixaBank in the Canary Island; and Beatriz Barrera Vera, president of  ZEC, at territorial headquarters of the bank of Santa Cruz de Tenerife.

The representative of CaixaBank said after signing the agreement that this is "an approach and better advice to the ZEC entities, which need specific financial solutions and a better management channel with the entity that will be established through the Consortium".

Meanwhile, Barrera highlighted the importance of the agreement, which aims to promote the attraction of investment in value-added economic sectors that contribute to the diversification of the regional economy and create jobs.

In that regard, he recalled that with the coming into force of the reforming tax of the Economic and Fiscal Regime (REF) in January "ZEC has multiplied its attractions. Thus, besides taxation to 4% in income tax, now it extends the validity of tax benefits until 2026, its geographical scope is applied to the Canary Islands and new economic market to list of productive sectors that can benefit from the advantages and activities include" he said. Barrera added that developments make the ZEC "is the ideal fiscal tool to place the Canary Islands in the spotlight of international investors". He noted that under this agreement the entities under the umbrella of the ZEC will enjoy a discount of 25% on the Leaflet of tariffs to apply.
 
In that regard, he recalled that with the coming into force of the reforming tax of the Economic and Fiscal Regime (REF) in January "ZEC has multiplied its attractions. Thus, besides taxation to 4% in income tax, now it extends the validity of tax benefits until 2026, its geographical scope is applied to the Canary Islands and new economic market to list of productive sectors that can benefit from the advantages and activities included" he said. Barrera added that developments make the ZEC "an ideal fiscal tool to place the Canary Islands in the spotlight of international investors". He noted that under this agreement the entities under the umbrella of the ZEC will enjoy a discount of 25% on the Leaflet of tariffs to apply.

Source: La Provincia Diario de Las Palmas

Categories

Proexca News
 Intelequia Software Solutions
 64  320  3/2/2018
Success stories of foreign companies
 Intelequia Software Solutions
 6  209  1/18/2019
Success stories of canarian companies
 PROEXCA ADMIN
 47  529  2/22/2019