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The ZEC is a low-taxation regime authorised by the European Union within the Canary Islands Economic and Fiscal Regime (REF). ZEC entities are taxed at 4% in Corporate Income Tax (compared with the general 25%), provided they meet requirements for investment, job creation and activity in the islands. At JAIZME we study your case and handle the incorporation and ongoing maintenance of the ZEC company.

Spanish tax residents who hold assets or rights abroad worth more than €50,000 in any of the three blocks — bank accounts, securities and insurance, or real estate — are required to file. Since 2024, Form 721 (Modelo 721) also covers cryptocurrencies held in custody abroad. We help you determine your obligation and file it correctly.

IGIC (the Canary Islands General Indirect Tax) is the indirect tax specific to the Canary Islands, equivalent to mainland VAT but with lower rates: the general rate is 7%, compared with 21% for VAT. It is part of the Canary Islands Economic and Fiscal Regime (REF) and gives Canarian businesses a competitive advantage.

The Canary Islands apply significant reductions in Inheritance and Gift Tax for direct relatives (groups I and II), which can considerably lower the amount payable. Advance planning is key to optimising the transfer of a business. At JAIZME we manage the entire succession process and advise on the transfer of company shares and business assets.

Yes. We manage Non-Resident Income Tax (IRNR) for foreign investors and companies, as well as the taxation of non-residents with business interests in the Canary Islands. We provide service in both Spanish and English.

We help Canarian companies integrate AI into their day-to-day operations: process automation with n8n, chatbots and virtual assistants, custom GPTs, and intelligent avatars for customer service and presentations. We combine traditional advisory services with cutting-edge technology.

We are at Calle Castillo 15, 1st Floor, 38002 Santa Cruz de Tenerife (Canary Islands). You can call us on +34 922 82 18 77, message us on WhatsApp at +34 623 524 745, or email us at info@jaizme.com. We serve clients across the Canary Islands.