Reasons for Investing in Tenerife
The institutions of Tenerife and the economic and social agents of the islands are aware of the importance of developing the industrial and services sector of Tenerife, making the most of the excellent opportunities that are provided by its tax and economic framework.
A privileged geographical platform for global trade between the European Union, Africa and the Americas
One of the main strategic aims of the coming years is to lend impetus to the development of these sectors in the economy of Tenerife, which is currently mostly connected to the tourist industry, one way or another. Research and development, that have leading roles in the new economy and intensive sectors in technological innovation, constitute the priority goals -amongst others- for attracting companies that also have favourable tax treatment in the Canary Islands, as agreed with the European Union.
The island is located in a strategic geographical situation and this means access to a potential European market of 450 million inhabitants. It has advanced technological development available, along with a very beneficial tax system and a large number of treaties to avoid the double charging of tax that have been signed, as well as “One-Stop” services to guarantee smooth administration to businesses.
Tenerife Investment Benefits
The reasons for investing in Tenerife are numerous and varied but, in short, they can be summarized in the following ten ideas:
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European Political Stability: A stable political and economic framework, endorsed by the European Union
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Constant economic growth: A balanced and vigorous growth trend, with rates higher than the Spanish and European average
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Excellent tax framework: Very favourable tax treatment for the establishing of foreign investment
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Door to three continents: A privileged geographical platform for global trade between the European Union, Africa and the Americas
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Optimum communications: A suitable network of airport, maritime and telecommunications infrastructures which are also the strategic goal for wide ranging reforms and improvements
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Experience in business: An island with wide experience in the production and provision of services, its main sphere of activity
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European quality of life: A society with the highest standards of well-being in the European Union
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Mild climate: A privileged climate, with temperatures that vary between 15Cº and 23Cº the whole year
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Extensive social offer: An abundant commercial, cultural and leisure offer, based on quality
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Skilled workers: The job market consists, to a considerable extent, of a young and highly skilled population