Gran Canaria offers innumerable tourist attractions as well as an unbeatable support system for business investment, making this an ideal destination for investment and the execution of projects.

     The Canarian archipelago (which forms part of the European Union) has been granted one of the most favourable economic and tax systems in the whole of Europe as compensation for its remoteness and insularity, making the islands extremely attractive from an investment point of view. The islands offer a series of incentives that are essentially aimed at attracting investment, which include an average tax rate on company profits of 6%.

     As we have pointed out, the economic and tax system (generally referred to by the Spanish acronym, "REF") of the islands is different from the system that applies in the rest of Spain and Europe. The basic principles of this special are inspired by the principles of commercial freedom, the exemption of consumption from tax and reduced indirect tax pressure. These principles, which have been applied in the Canary Islands since the 19th century, are currently aimed at providing incentives for investment and a social response to the challenge of modernizing the productive and commercial fabric of the islands.

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