The Canary Islands REF, used to the full and risk-free
The Economic and Tax Regime offers businesses and self-employed people in the Canary Islands some of the largest tax incentives in Europe: from the 4% ZEC rate to the RIC. As tax lawyers, we help you apply them correctly and defend them in any review by the Tax Agency.
The instruments that cut your tax bill in the Canary Islands
RIC — Reserve for Investments in the Canary Islands
Reduce up to 90% of the undistributed profit you reinvest in the Canary Islands. We help you set it up and materialise it within the deadline, with full legal certainty.
ZEC — Canary Islands Special Zone
A 4% Corporate Income Tax rate for entities that meet the activity, employment and investment requirements. We assess your eligibility and handle the registration.
DIC — Deduction for Investments in the Canary Islands
Enhanced deductions compared with the general regime for investments in assets. We maximise your tax savings within the rules.
IGIC instead of VAT
The Canary Islands indirect tax, with a general rate of 7% compared with the 21% mainland VAT. We check that it is applied correctly to your activity.
AIEM and Free Trade Zone
Tariff and customs advantages for local production and for importing goods through the Canary Islands Free Trade Zone.
Production rebate
A 50% rebate on the gross tax liability for the sale of tangible goods produced in the Canary Islands. We verify that you meet the requirements.
Would you like the full details of the service? See our Canary Islands REF page on jaizme.com.
We apply the REF and defend it before the tax authorities
The REF is a great advantage, but applying it incorrectly is one of the main causes of adjustment in the Canary Islands. Our team combines tax advice with legal defence so you can make the most of every incentive with total confidence.
We assess your case with no obligation
Tell us about your situation and we will tell you which REF incentives you can apply and how to do it safely. First consultation free of charge.
Have you received a notification from the Spanish Tax Agency?
Don't let the deadlines pass. We study your case and advise you on filing the appropriate appeal or submission.
- Personalised analysis
- Expert defence
- Avoid penalties
Request your tax advice now with a specialist lawyer
Leave us your details and we will get in touch to assess your case personally.
Jaime Gutiérrez
CEO