Irish Business Delegation Visit to Lanzarote

LIN invited a pre-selected group of proven entrepreneurs or potential companies wishing to expand south. There was a series of briefings with top specialists in Tax structuring in EU taxation framework and incentives, Legal Overviews and Government Structure. The series of briefings and meetings were arranged, with support from the Camara de Comercio de Lanzarote and PROEXCA.

The aim of the visit was to highlight the unique tax benefits and incentives that investing in the Canary Islands offers. Attendees were treated to insightful presentations and discussions, shedding light on how the ZEC program can significantly reduce corporate taxes for eligible companies, making the Canary Islands an attractive destination for foreign investment.

The Proexca agency, dedicated to promoting economic development and foreign investment in the Canary Islands, showcased the region’s strategic location, infrastructure, and skilled workforce. They emphasized how these factors, combined with ZEC tax advantages, create a conducive environment for businesses to thrive.

As the visit concluded, attendees departed with a deeper understanding of the advantages awaiting those who invest in the Canary Islands. The visit programme had successfully conveyed the message that this Spanish archipelago is not only a paradise for tourists but also a haven for savvy investors seeking tax incentives and a supportive ecosystem for their ventures.

The Canary Islands Special Zone (ZEC) is a low tax zone created within the framework of the Canary Islands Economic and Tax Regime (REF) for the promotion of the economic and social development of the Islands and to diversify their production structure.

Read more about ZEC on the Canary Island Government web page.