Tenerife Business and Investment FAQ's
Where is Tenerife?
The island of Tenerife is the largest of the Canary Island archipelago in Spanish territory and fully integrated into the European Union. Its mild temperatures, its strategic geographical location between Europe, Africa and América and the vigorous but sustained development of its economy (above the average for Spanish and European regions), make it one of the leading places for living and investing in the EU.
What are the main indicators of its economy?
The service sector, the leader in the island economic development, has helped this island to become a modern society at the start of the XXI century. It has advanced services in terms of consumption, education, health, leisure and culture and a privileged climate in a unique geographical location. Its tax system, exceptional within the EU, reinforces its nature as a place with a high quality of life index.
What has been the evolution of its economy in recent years?
Tenerife is one of the places with Spanish territory within the highest indices of sustained development and welfare registered in the last decade.
What, broadly speaking, is its job market like?
The job market in Tenerife consists, to a considerable extent, of a young and highly-skilled population. Moreover, the activity rate places the Canary Islands above the Spanish average. It is the third community out of seventeen, in 2002 (56.91%), below Cataluña and Baleares, in terms of the highest activity rates in Spanish territory.
What are its welfare indices?
A climate with temperatures that range between 17º and 24º, and its European-level standards and developments, mean that there are increasingly more people who have come from other places and countries who make Tenerife their work and residence destination.
Does it have airport, sea and telecommunications infrastructures that are comparable to any other European country?
In general terms, the infrastructures in Tenerife are among the most advanced in Spanish territory. Being two and a half hours from Madrid and one hour from the African continent by plane, Tenerife and the Canary Islands are leaders in handling air passenger traffic. The sea and port infrastructures, some of the most competitive in Spain, now handle significant processes, placing them among the most modern ones in the world.
Who can guided me through investments in Tenerife?
We can offer you all kinds of information and services that may be necessary to make any type of investment in the island. Our staff has the training and resources necessary to supply you with rapid and accurate information, as well as carrying out the necessary administrative tasks in an effective way.