Tax Benefits and Investment Opportunities in Tenerife
ax Advantages and Investment Opportunities in Tenerife
One of the greatest advantages of investing in Tenerife lies in its attractive tax incentives and special economic zones, which significantly enhance investment profitability.
What Does Tenerife’s Tax System Offer?
Reduced Tax Rates
The Canary Islands enjoy one of the lowest tax rates in Europe, attracting a wide range of investors. The standard VAT (IGIC) is just 7%, compared to 21% on mainland Spain.
Special Economic Zone (ZEC)
Investors who establish a company within the Special Economic Zone (Zona Especial Canaria) benefit from a reduced corporate tax rate of only 4%, substantially increasing business profitability.
Tax Benefits for Real Estate Transactions
Real estate investors can take advantage of various tax reliefs that lower transaction costs when buying or selling property.
What Investment Opportunities Does Tenerife Offer?
Luxury real estate with low tax burdens
Tourism-based businesses leveraging ZEC tax advantages
Green investments, supported by subsidies for sustainable projects
Investing in Tenerife offers not only exceptional tax benefits but also a highly attractive and secure business environment for international investors.
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