Did you know that the Canary Islands offer one of the most advantageous tax regimes in all of Europe?
Thanks to the Economic and Fiscal Regime (REF), the islands have become a true center for investment and entrepreneurship for companies and professionals seeking to optimize their taxes while remaining fully compliant with European Union law.
IGIC – Canary Islands General Indirect Tax
Replaces VAT applied on the mainland. Standard rate: 7% (instead of 21% in the rest of Spain). Many goods and services are even taxed at 0% or 3%. Ideal for commercial or service-based activities.
ZEC – Canary Islands Special Economic Zone
Corporate income tax: only 4%. Conditions: creation of 3–5 jobs and a minimum investment (from €50,000 to €100,000, depending on the island). Approved by the European Union and compatible with other forms of state aid. Suitable for IT companies, consulting firms, startups, exporters, and more.
RIC – Canary Islands Investment Reserve
Allows a reduction of up to 90% of undistributed profits if reinvested in the Canary Islands (in new assets, real estate, or projects). A great tool to legally reinvest profits while reducing your tax burden.
Additional Tax Deductions for Investments
Companies can apply 25%–75% deductions for innovative, energy-efficient, or environmental projects, as well as for job creation.
Support for Employment and Entrepreneurship
Reduced social security contributions. Regional grants for digitalization, sustainability, and training.
Lapchynskyi Partners supports entrepreneurs and companies at every stage:
- Company registration and preparation of statutory documents.
- Registration of self-employed professionals and tax planning.
- Consulting on ZEC, RIC, and other tax incentives.
- Representation before tax authorities and the social security system.
