Canarian Fiscal Regime. General Issues

The Autonomous Community of the Canary Islands enjoys a special economic and fiscal regime. This regime incorporates the principles and rules applicable as a consequence of the recognition of the Canary Islands as an outermost region of the European Union (Article 349 of the Treaty on the Functioning of the European Union). In the territory Read More


Every type of business has several parts to take into account. We explain below the steps to follow in general. Then each case will have its own particularities. 1.- ADMINISTRATIVE PROCEDURES First of all, it is necessary to find a place to develop the activity, whether it is your own or rented. We recommend not Read More

A new benefit for small business owners was approved in the regulations of the Canary Islands Service for Business Laws and Regulations.

Article 14 of this law prescribes the drafting of the following normative acts: 1. General act on the method of recording, classifying, archiving and keeping archival material and documentary material; 2. List of categories of archival material and documentary material with storage terms; 3. General act on the method of recording, protection, and use of Read More

New Law for Real Estate Taxation in the Canary Islands

Compared to other Spanish regions, tax rates on real estate in the Canary Islands are remarkably favorable. So, the total extra costs for buying property remain relatively low, around 10% of the purchase value. The transfer tax on real estate constitutes the largest part of the costs when buying property on the Canary Islands. The rate depends Read More