REF Canarias

The Canary Islands Economic and Tax Regime (REF). Take full advantage of every tax benefit and incentive of our special regime.

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The most advantageous tax regime in Europe

The REF offers a set of tax incentives that are unique in Europe. At JAIZME we are specialists in this regime and help you make the most of its advantages: RIC, ZEC, investment deductions and much more.

  • Canary Islands Investment Reserve (RIC)
  • Canary Islands Special Zone (ZEC)
  • Deduction for investment in assets
  • Allowance for production of tangible goods
  • Reduced IGIC (Canary Islands indirect tax)
  • Inter-island transport incentives
Optimise my taxes
The most advantageous tax regime in Europe
Investment Reserve

RIC: The jewel of the REF

The RIC allows up to 90% of undistributed profits to be deducted from the corporate income tax base, in exchange for committing them to certain investments. We advise you on the requirements and the best way to apply it.

  • Reduction of up to 90%
  • Eligible investments
  • Materialisation deadlines
  • Correct accounting treatment
  • Avoiding tax adjustments
RIC: The jewel of the REF
Additional benefits

Other advantages of the REF

The REF is not just the RIC and the ZEC. It includes a broad catalogue of tax incentives that can benefit your company: investment deductions, production allowances, exemptions on corporate transactions and advantages in inter-island trade.

  • Deduction for investment in fixed assets
  • Allowance for production of tangible goods
  • Exemption on Corporate Transactions (ITP transfer tax)
  • Special Free Zone regime
  • Allowances on the transport of goods
  • Special incentives in less developed areas
Make the most of the REF
Other advantages of the REF
Let's talk

Make the most of the REF with experts

Maximise the tax benefits of operating in the Canary Islands.

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Phone 922 82 18 77
Email info@jaizme.com
Address C/ Castillo 15 1 Planta, Santa Cruz de Tenerife