Located in a privileged enclave, the Canary Islands offer not only an idyllic climate and stunning landscapes, but also a very particular attraction for digital nomads and entrepreneurs: a unique tax regime in Europe. This system, designed to promote economic development and investment in the archipelago, presents a series of tax benefits that distinguish it notably from the rest of Spain and the European Union.
For digital nomads looking for a destination that combines business opportunities with quality of life, the Canary Islands Special Zone (ZEC) in the Canary Islands is an unbeatable option. This regime offers an attractive corporate income tax rate of 4%, well below the usual 25% in Spain and the 21.30% average in the European Union.
The Canary Islands General Indirect Tax (IGIC) is a key tax advantage in the Canary Islands for digital nomads from all over Europe. With a mechanism similar to VAT, but with a general tax rate of 7% – much lower than the general 21% in Spain and standard rates in many European countries – IGIC represents an opportunity to significantly reduce operating costs. This is especially attractive to digital nomads and entrepreneurs looking to optimize their expenses while enjoying a charming destination lifestyle and a lower tax burden.
The Reserve for Investments in the Canary Islands (RIC) is a tax benefit that should not be overlooked. This allowance allows deducting up to 90% of the undistributed profit of the companies. This incentive is ideal for those looking to reinvest and grow their business in the archipelago, thus maximizing their profits while enjoying a unique environment. The RIC encourages investment in productive assets, supporting local economic development and providing digital entrepreneurs with an excellent opportunity to expand their operations in a favorable tax environment.
The Tenerife Free Trade Zone is a strategic space for digital nomads from Spain and Europe looking for advantages in warehousing and logistics. It offers facilities in the handling or transformation of goods, regardless of their origin or nature. In addition, it provides advantages in administrative processing, tariffs and taxes, being fully compatible with incentives of the Canary Islands Special Zone (ZEC) and the Reserve for Investments in the Canary Islands (RIC).
Foreigners who move to Tenerife for work purposes or in their function as administrators face special taxation. They are taxed at a flat rate of 24% of their income, applicable up to the first 600,000 euros of net taxable income. This measure is designed to simplify and make more transparent the tax liability of international professionals and executives who choose Tenerife as their place of work. The tax regulations in this category seek to provide clarity and a favorable tax environment for those who contribute to the economic and business development of the island.
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Santa Cruz de Tenerife stands out for its excellent, accessible and high quality healthcare system. The city guarantees comprehensive medical services, both in public and private facilities, ensuring your well-being.
Beyond medical care, Santa Cruz offers an environment that promotes a healthy and relaxed lifestyle. With its pleasant climate and natural spaces, it is easy to stay active and enjoy outdoor activities. The city has numerous options for personal care, from spas and gyms to parks and beaches, perfect for exercise and relaxation.
The cost of living in the Canary Islands is remarkably affordable, a significant advantage for those seeking a balance between quality and economy. From reasonable rents to moderate prices for food and services, life in the Canary Islands is more affordable compared to many other European regions. This low cost extends to everyday life, allowing you to enjoy the wonders of the archipelago without compromising your budget. Ideal for digital nomads and remote professionals looking to maximize their resources while living in paradise.
By choosing Santa Cruz de Tenerife, you choose a safe and quiet lifestyle. Come and experience for yourself the peace and security that this beautiful city has to offer, a place where you can live and work with complete confidence.
Santa Cruz de Tenerife stands out as a safe city, with a calm atmosphere and a low crime rate. This security is an essential aspect that attracts both residents and visitors, creating an ideal environment for daily life and tourism.
In Santa Cruz, security measures are efficient and well implemented, ensuring the protection and well-being of all. The city has fast and efficient emergency services, in addition to a constant vigilance that contributes to maintaining peace and order. These factors make Santa Cruz an exceptional place for those seeking a safe destination to work remotely or enjoy a relaxed life.
A true paradise of sun and leisure, the Canary Islands offer a unique lifestyle where sunny days and countless entertainment options combine to create the perfect setting. Here, you can enjoy dazzling beaches, vibrant nightlife and year-round outdoor activities. It is the ideal destination for those seeking to balance work and pleasure in an idyllic setting.
