Requirements to Join THE Canary islands Special Tax Zone

Capital Investment

A minimum capital investment in fixed assets related to the business activity being conducted must be completed within two years after registration. The minimum required investment amount depends on the island in which the company is located at. In the case of operating in Gran Canaria or Tenerife the minimum capital investment requirement is €100,000. For Lanazarote, Fuerteventura, La Gomera, La Palma and El Hierro, the requirement is a minimum of €50,000.

New Business Entity/Branch

Company must be newly created or an entity branch. In both cases the company has to have a physical address for registration within the geographical area of the Special Tax Zone.

Job Creation

After registration approval, 5 jobs must be created during the first six months, if the company is in Gran Canaria or Tenerife, or 3 for the remainder of the islands. After the first six months, such jobs ought to be maintained as a an average as long as the company is operating.

One administrative board member must be a Canarian resident

One member of the administrative board must be a Canarian resident which means they have to be an officially registered resident.

Approved Business Activity

The company's business activity must be within those approved under the Special Tax Zone. Click on the icon to check which business activities qualify.

Check if your business activity qualifies for free!

Send us a quick message detailing the nature of your business activity and we will let you know if your business qualifies to be operating under the  Canary Islands Special Tax Zone. No strings attached!