Incorporation and benefits of the Canary Islands Special Zone (ZEC). A 4% tax rate for companies that meet the requirements.
The ZEC is a special tax regime that allows companies to benefit from a 4% Corporate Income Tax rate. At JAIZME we help you incorporate your ZEC company and meet all the requirements to maintain this benefit.
To qualify for the ZEC, certain requirements must be met, such as job creation, making investments and carrying out specific activities. Our team guides you through the entire process and helps you maximise the tax benefits.
The process of incorporating a ZEC company requires completing specific formalities before the ZEC Consortium and the Commercial Registry. We take care of the entire procedure so you can start operating with the tax benefits from the very first moment.
Companies registered in the Canary Islands Special Zone (ZEC) are taxed at 4% in Corporate Income Tax, instead of the general rate of 25%. It is one of the lowest rates in the entire European Union, with full legal certainty.
At least 5 jobs must be created within the first 6 months and that average must be maintained throughout the term of the regime. Some specific sectors may have different requirements.
The minimum investment in fixed assets is 100,000 euros on the islands of Gran Canaria and Tenerife, and 50,000 euros on the remaining islands (La Palma, La Gomera, El Hierro, Fuerteventura and Lanzarote).
No, only the activities included in the official list of the Annex to the ZEC Regulation may qualify. It includes sectors such as industry, trade, professional services, technology, and certain financial services.
The ZEC regime is authorised until 31 December 2027, with the possibility of extension. Registered companies can benefit from the reduced rate while the regime remains in force and they continue to meet the requirements.
We support you throughout the entire process so you can make the most of the ZEC benefits.
