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Presentation | Industrial Zones | Regulations | Incentives | News and Current Information | Tenerife |
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| Economical and Fiscal Incentives |
| Tenerife possesses a specific favourable economic and fiscal regime (EFR) within the European Union, as an instrument to compensate for its distance and insularity. The whole of the incentives collected in the EFR has as main objective to establish a firm whole of economic and financial measures which imply the existence of advantages and opportunities for the enterprises which invest and develop their activity in the isle. Among these incentives the following may be highlighted: |
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The Reservation for Investments in Canaries.(RIC)| On the other hand, both Canary isles government and Tenerife Cabildo support the creation of enterprises and their modernisation and innovation by means of helps of capital grant which would consist of subsidising the investment in fixed assets and in expenses of first establishment of new creation enterprises. With respect to the great investments in certain sectors such as hotels, certain industries, new technologies, etc., there exist regional incentives which are helps of capital grant for the investments done in fixed assets. |
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