The Canary Islands Special Zone (ZEC) is a low tax zone created for the promotion of the economic and social development of the Canary Islands.
The ZEC was authorized by the European Commission in 2000 and is regulated pursuant to Law No. 19/94 of the 6th of July, 1994.
In addition to being the best tax regime in Europe, the Canary Islands offer all of the infrastructure, services and advantages of a European lifestyle, and have a privileged geostrategic position to operate efficiently in Africa.
As an added benefit, the Canary Islands provide legal certainty and have skilled human capital.