Creating a business takes hard work, effort, and certainly a lot of dedication, and when you get it right you will do anything to maintain its success. This relates to all aspects of the corporate world, and most importantly your finances.
When it comes to paying taxes, the optimal solution is to do the right thing without it costing a fortune, so you should locate your company in a place where the tax laws are transparent and fully approved by the European Commission.
Finding Your Favorable Tax Location
?There are plenty of countries and locations that offer great taxation regulations that work in your favor as a businessman, with tax benefits that work accordingly to help you grow. You want peace of mind that your company is valued and given the chance to thrive. Taking this into account, the best place for doing business has to be in the Canary Islands .
When it comes to the tropical islands, with their crystal clear waters and wide array of sandy beaches they provide more than just a vacation spot with incredible scenery. They offer a reduced tax rate percentage that is fully approved by the European Comission and benefits that are on par with the rest of the world, if not better. Especially if you compare it to and when compared to the Spanish mainland.
The Canary Islands has one of the best infrastructure systems and services in place in the world, it’s on par with the rest of Europe, and has nothing to envy other top European countries.
As a top choice for a favorable tax climate, the islands will provide you with not only full connectivity and access to global markets as you would elsewhere in the world, but is home to an exceptional workforce to match. The talented, and highly-skilled local workforce is enriched by digital nomads that encourage growth and knowledge.
Find out what you have been missing and where you can find the best place to do business, and even more for the great tax advantages, by choosing the Canary Islands as your first choice for doing business.
Why the Canary Islands
For many years now The Canary Islands has shown to have one of the best tax systems in Europe, and although they are in the outermost region of Europe they continue to rival its neighboring countries with confidence and success.
The transparent and double taxation conventions make the Canaries tax and economic system (REF) as unique as the island itself, all while maintaining compliance with EU guidelines. If you are looking for tax benefits and assistance, the Canary Islands are the solution you have been waiting for. There are a whole host of positive aspects in relation to taxation in the islands, but the key features that stand out and make this place so sought after are;
- At just 4% it has the lowest and fully approved corporate tax rate to date.
- They have the highest refundable R&D fiscal incentives on the planet, up to 75,6%.
-?This means that those technological initiatives and foreseeable projects can now enjoy an annual reduction in costs of up to 45%, which in turn not only attracts global talents but investments.
- They offer the lowest corporate VAT rates at a mere 7%.
What more could you want when finding the perfect tax solution for your business. What’s more, you get to enjoy the sea air, amazing landscapes and great-tasting food while out there on what should be business but feels like a nonstop vacation.
So much more
If the tax benefits are not a priority to you and it’s not a compelling reason to move your business to the Canary Islands, the archipelago offers many other advantages enjoyed by already more than 700 international businesses established on the islands.??
The Islands are home to many of the top, well-structured healthcare and educational systems that cater to a cosmopolitan atmosphere where everyone is welcomed and diversity is encouraged. With the influx of foreigners and businesses to the area the multicultural elements that make up the demographic only add value to an already great location.
The climate is a top factor in the decision-making for many investors who not only enjoy being in the sunshine when on a business trip, but can also take care of their special clients and guests by recommending some of the top bio-diverse spaces and endless naturally beautiful resources.
The climate is a major factor in the decision making of many investors and companies, who not only want to enjoy the sun when they are on a business trip. They can also enjoy some of the best areas of biodiversity and a myriad of resources of great natural beauty. Other than being a great place to live whilst doing business in a beneficial tax location.The Canary Islands provide all of this and more, with a vast variety of sports and cultural events for a well-balanced experience between business and pleasure.?
