ZEC Consultancy Services Lanzarote

Discover exceptional tax advantages in the Canary Islands Special Zone (ZEC), designed to foster business growth and investment with reduced rates and incentives. 

Prolanz Asesores is your trusted partner for navigating the Canary Islands Special Zone (ZEC). Our ZEC consultancy services are tailored to help companies and entrepreneurs leverage this unique tax regime effectively, offering expert guidance every step of the way. 

Reach out to us today and we will get you started on 

Canary Islands Special Zone (ZEC) for Companies and Entrepreneurs 

The Canary Islands Special Zone (ZEC) is a low-tax fiscal area established to promote economic development and attract investment to the Canary Islands. With its strategic location and unique tax benefits, ZEC offers unparalleled opportunities for businesses looking to expand in a tax-efficient manner. 

What is the Canary Islands Special Zone (ZEC)? 

The Canary Islands Special Zone (ZEC) is a low-tax regime approved by the European Union and integrated into the Canary Islands’ Economic and Fiscal Regime (REF). It aims to diversify the regional economy and encourage growth in sectors such as technology, innovation, logistics, manufacturing, and more. 

Key FAQs About ZEC Zone 

What types of businesses benefit most from the ZEC regime? 

The ZEC regime is ideal for businesses in sectors such as technology, logistics, manufacturing, R&D, renewable energy, and international trade. These industries align with the Canary Islands’ goals of economic diversification and sustainable growth. 

What is the property transfer tax in the Canary Islands? 

The property transfer tax in the Canary Islands is 6.5%, significantly lower than in other regions of Spain. This reduced rate makes property transactions more affordable, stimulating real estate investments and supporting economic growth. 

What is the corporate tax rate in the Canary Islands? 

Businesses registered under the ZEC regime benefit from a corporate tax rate of just 4%, one of the lowest in Europe. 

Is the Canary Islands a tax haven? 

No, the Canary Islands is not a tax haven. While the region offers significant tax benefits through the ZEC regime, it operates fully within the European Union’s legal framework. This ensures strict fiscal transparency, compliance with double-taxation agreements, and adherence to EU standards. 

Are the Canary Islands VAT-exempt? 

The Canary Islands operate under a special tax system with IGIC (“Impuesto General Indirecto Canario”) instead of VAT. The standard IGIC rate is 7%, much lower than Spain’s VAT rate of 21%. 

What are the tax incentives for the Canary Islands? 

ZEC companies enjoy several tax incentives, including: 

• A 4% corporate tax rate. 

• Exemption from withholding tax on dividend payments to non-residents. 

• Compatibility with double-taxation treaties. 

• Reduced taxes on property transfers and IGIC. 

Where Can Companies Set Up in the ZEC? 

The ZEC regime applies across all Canary Islands, including Lanzarote, Tenerife, Gran Canaria, and Fuerteventura. To qualify, companies must: 

• Establish headquarters or a permanent establishment in the Canary Islands. 

• Create a minimum of 3 to 5 jobs, depending on the island. 

• Invest at least €100,000 (€50,000 for smaller islands) in fixed assets within two years. 

How Easy Is It to Become a ZEC Company? 

The process of registering as a ZEC company is straightforward with expert guidance. Prolanz Asesores provides end-to-end assistance, including: 

• Preparing and submitting applications. 

• Ensuring compliance with ZEC requirements. 

• Handling paperwork and administrative procedures. 

Typical administrative fees start at approximately €850–€900, with variations depending on the complexity of the application. 

ZEC Tax Advantages 

The Canary Islands offer an attractive combination of tax benefits within a transparent and compliant framework. These include: 

• Significant Tax Savings: A corporate tax rate of 4%, far below the EU average of 22%. 

• Fiscal Transparency: Full compliance with EU regulations and international double-taxation agreements. 

• Economic Incentives: Government-backed support to encourage business creation and expansion in the region. 

Quality ZEC Consulting in Lanzarote 

At Prolanz Asesores, we specialize in helping businesses unlock the full potential of the ZEC regime. Whether you are a local entrepreneur or an international company planning to expand into the Canary Islands, our experienced consultants provide tailored advice to suit your needs. 

Contact us today to explore how ZEC benefits can transform your business strategy. Let us make the Canary Islands’ tax advantages work for you.