Atari Founder Nolan Bushnell, Why Global Digital Companies are Setting Up Here?

Atari Founder Nolan Bushnell…

Why Global Digital Companies are placing their International Offices here?


You’d be forgiven for thinking every Tech Company with a global potential sets up in Silicon Valley, after all it is a hotbed for innovative and disruptive technologies!

Since 2010, CIC has advocated the Canary Islands as the perfect location to position European and international, operations. Today, companies are utilizing the Canaries for global trade and expansion, so much so in June 2015 CIC relocated the R&D operation of a Silicon Valley to Santa Cruz de Tenerife.

By coincidence, a few months later, Atari Founder, Nolan Bushnell, spoke at a conference on the Spanish Islands stating “If I were to set up a Tech Company now, I would choose the Canaries over Silicon Valley”!

Shared below are the 5 key reasons why online, digital, and tech companies have chosen the Canary Islands as their preferred location, becoming home to international companies for their back offices, customer contact support, and commercial expansion operations.

Political framework

The Canary Islands is part of Spain meaning they benefit from the European Union’s political and legal framework. Spain’s economy is the 5thlargest in the EU and 14thglobally, providing Investors and Entrepreneurs with confidence when growing a company.

Access to talent

The Canary Islands has two internationally recognised universities, a large young European educated workforce with many people speaking in both Castellano Spanish & English.

Tax incentives

Not many people know the Canary Islands actually have the lowest onshore corporate tax rate in Europe, just 4% for qualifying companies. Due to the extensive Tax Treaty network Spain has with other nations, repatriated dividends to other onshore jurisdictions are free from Withholding Tax. VAT, when invoicing within the Canaries, is just 7%, in many cases no VAT is applied when invoicing internationally.


Located approximately 1000 miles south of Southern Spain the Canaries have always been a logistical place of importance. They are the place where Christopher Columbus set sail to discover the New World, and in 2005 President Bill Clinton announced them as a Tri-Continental Platform connecting the Americas, Europe & Africa. With more than 400 weekly flights to the UK, and hundreds of weekly flights to other European Cities, it’s easy to see why they’re a Key European Investment Hub.


As you might imagine from the logistical position, the Canaries are blessed with year round spring weather. Known to the Romans as the “Fortunate Islands” since the 70’s tourism figures have risen to 13 million per year. The modern cosmopolitan culture in the Canaries consists of Al Fresco dining, outdoor sports and activities, additionally the cost of living and employment is considerably lower than mainland Europe, some estimations state 35-40% lower. This leads to a generally happier, more efficient and productive workforce. 

To find out how your business can qualify for the Canary Islands ZEC Tax Incentive contact;

Tel: +34 674 136 977

Why The Canary Islands are “NOT” a Tax Haven

With high profile cases of some of the world’s largest companies being scrutinised for what has been described as “Aggressive Tax Structures” it’s easy to understand why the simple mention of a “Tax Incentive” is met with fierce opposition from parts of society.

We’ve all heard the phrases… “Tax Dodgers” “Tax Cheats” “Elitists” etc.

Whilst for some companies those insults are probably valid, generally there’s a complete misunderstanding between Tax Evasion/Avoidance, and Tax Incentives.

Companies, and individuals, who set up corporate entities in jurisdictions where they do not live, or carry out commercial activity are what’s considered Tax Evasion and Avoidance, notice we don’t separate between the two, why? Because they’re at the same end of the scale, only a thin line divides them. Historically, Tax Avoidance/Evaision schemes involve inactive shell companies, not engaged in real business activity, and established for the sole purpose of taking tax revenues away from governments and society as a whole! This clearly creates a Win Lose scenario, and no matter how “Legal” it maybe, there’s clearly a deeper ethical issue at the forefront of peoples minds.

Tax Incentives, on the other hand, are at the complete opposite end of the spectrum. Not only are they legal, but transparent, tax is actually paid, and the incentives are agreed and accepted by governments and commissions. These incentives provide both social and economic development in addition to the obvious benefit to the corporate entity, clearly a Win Win scenario! 

It’s exactly this second scenario why The Canary Islands ARE NOT a Tax Haven!!!

The Canary Islands proudly boasts the lowest “Onshore” Corporate Tax Rate in Europe, just 4%. An incentive known as the ZEC, (Zona Especial Canarias) or Canary Special Zone.

Smaller Online Business Owners, Consultants and Coaches take advantage of the RIC, “Reserve Investment in Canary Islands” which allows a 90% tax break on profits reinvested meaning a corporate tax base rate around 3%.

Canary Islands ZEC Zone Tax Incentive

Why do these “Tax Incentives” differentiate the Canaries from “Tax Heavens”? Simply because they’re tied to economic diversity, employment or investment.

The Ethical Argument

It’s easy to argue Tax Incentives in other jurisdictions are unethical, at the very least they’re abused. When you can open a company without actually conducting actual business from that country, have no tangible physical presence in terms of employees or actual services being rendered, it’s understandable why people have an issue with the ethics surrounding offshore. The Canary Islands Tax Incentives, however, are completely unique due to the fact they’re onshore and linked to both social and economic requirements.

ZEC Companies must adhere to the qulifying criteria, which is directly linked to investment and exployment, making it the most trasparent Tax Incentive in the EU, giving certainty to the business owners.

Why does the ZEC exist?

The ZEC exisits due to the logistical position of the Canaary Islands, being so far away from its Mother Country, Spain. The Canaries, unlike Malta and Cyprus, has a special legal status, “Ultra Peripheral” protecting its fiscal incentives.

The main reason the ZEC exists is to create Social and Economic diversity by attracting international business to the islands. During the crisis unemployment rate in Canary Youth exceeded 33% the highest in Europe, yet they have a wealth of bi-lingual, university educated, young talent. When trying to argue Tax Incentives are unfair should remember when an area of your community (In this case the EU) is experiencing difficulty, it’s supported with funding from Tax revenues from member states!!!

By issuing Tax Incentives, enabling a region to self-sustain and develop itself, ultimately means less support is needed from the EU, allowing tax revenues from other members to be put to better use elsewhere!

Every company operating in the Canary Islands is subject to the normal statutory reporting in Spain, in fact, extra attention is paid to those companies receiving the tax benefit to ensure they’re in compliance with the rules agreed, not just by the Canary Government, but the Spanish Government and the European Commission!

Santa Cruz de Tenerife ZEC Tax Zone, 4% Corporate Tax, Onshore, European Commission Backed.

This ensures people cannot cheat the system, more importantly it provides additional comfort and security for the owners of companies utilising the benefit. Real Tax Incentives for Real Businesses. No Shell Companies and No need to hide your revenue, just 4% Corporate Tax clean & transparent, plus 0% Whithholding on Dividends when repatriated to a stakeholder based onshore. Find out more…

Brexit: 5 Reasons UK Business Owners are opening subsidiaries in the Canary Islands?

In recent months we’ve has seen an increase of British Business Owners opening company structures in the EU, largely due to the uncertainty of the Brexit negotiations. Many business owners have concerns as to how they can protect revenues by continuing to service EU customers, as well as those desiring to grow their client base further inside the single market.

With many locations to choose from, below are some of the reasons why clients are choosing the Canary Islands as their preferred location to trade across the EU.


1)   Transparent & Onshore

Being part of Spain and the EU, businesses can trade from the Canaries with confidence and complete transparency. They enjoy a secure political and financial framework and certainty that their structure is ethically sound.

2)   Low Onshore Corporate Tax Rates;

The Canaries enjoys special fiscal treatment with the full authority from the European Commission. For qualifying companies there’s a low Corporate Tax Rate of just 4%, VAT on the islands is 7% and for High Earners there’s up to a 90% tax break through a reinvestment incentives, reducing the effective tax rate to as low as 3% in some cases.

Canary Islands ZEC Zone Tax Incentive

3)   Base in the EU

Famous for its year round constant spring temperature the Canaries is one of the world’s most popular tourist destinations, however, since the year 2000 the main commercial cities of Santa Cruz de Tenerife and Las Palmas de Gran Canaria have attracted a mass of companies both small and large, the most recognizable being, AtoS, British American Tabaco, Rolls Royce and ENSCO. Offering the perfect platform to service clients across the continent in the single currency, it’s the ideal way to overcome Brexit uncertainties.


4)   Connectivity & Time Zone

Being one of the few places in the EU on the same time zone as London certainly has its advantages, combine this with affordable daily connecting flights to more than 180 destinations just 3-4 hours from major European cities, the commercial growth looks certain to continue.

5)   Standard of Living

The Canaries and Spain boasts Excellent Healthcare, ranking higher than both the UK and the US on the WHO league table. The cost of living is considerably lower than other countries which has seen many Expats relocate either completely or in part to the islands, running their businesses remotely. As the online trend continues to grow, more entrepreneurs and business owners are spending more time in the Canaries as part of their retirement and secession planning.



For more information contact:

Christopher Pennington,

M: +34 674 136 977,


Santa Cruz de Tenerife ZEC Tax Zone, 4% Corporate Tax, Onshore, European Commission Backed.

New Investments & Grants for SME’s released, 2018

New Investments & Grants for SME’s released

Capital Investment Consultants, its subsidiaries and associate partners have launched their Client Funding Lines for 2018.

Our fund is made of a number of funding avenues, namely;

  • Our Profitable Companies offering Private Equity
  • Our Private VC Investors (already committed in excess of 10m)
  • Our Public funding grans and subsidies

Our funding lines are available for existing clients, however, our public funding lines are open to, existing clients and new clients of CIC.

CIC has a proven track record in securing Private Equity, Angel Investment, and Growth Funding for its clients, typically in combination with one of our IP Positioning or EU Tax Incentives Products. (10.5 million funded since 2015).

Who Can Apply?

We’re offering the funding lines to the following companies;

Company Profile Investment Range
Entrepreneur Start-Up (Proven Skillset) €27,500 – €55,000
Renewable Energy Start-Up €45,000 – €250,000
Renewable Energy Disruptive Tech €250,000 – €1,500.000
Companies with a proven trading record €200,000 – €1,000.000
AI, Technologies, Online Businesses €250,000 – €2,000.000
R & D of Disruptive Technology €500,000 – €5,000.000
Companies with proven capacity for global reach, or, profitable track record. €5,000.000+


For more information regarding repayment or equity options please submit your executive summary accompanies with a link to your Video Pitch to the email below. Your video pitch doesn’t have to be professionally produced, we’re looking for originality and to assess your ability to pitch your business.


The initial screening process is by the CIC board followed by presentations to our private investors.

For information about our products or how to become a client please visit


For more information about our Private Equity Funding platforms please visit



Why Tenerife? Tax, Lifestyle & Opulence

Carnaval Santa Cruz de Tenerife 2018

Why Tenerife?

Why not Tenerife, especially Santa Cruz de Tenerife, “The Heart of Tenerife”.

Santa Cruz de Tenerife is home to;

  1. The lowest Onshore EU Tax Incentives in Europe (Corporate Tax 4%, VAT 7%, Holding Company Tax 2.8%,) Click Here…
  2. An amazing vibrant and cosmopolitan society boasting the Best “Carnaval 2018” in the World.
  3. Ranked in the top 5 Places to live in the world by “The Guardian” Click Here…

Santa Cruz de Tenerife really is the heart of Tenerife, and the centre for culture, history, and an opulent lifestyle, perfect for Digital Nomads, High Net Worth Individuals & Entrepreneurs of Global Small Businesses, paticularly those wanting the equilibrium between Professional & Leisure lifestyles.

Why Tenerife is the new Rio

You’ve heard of Rio de Janeiro Carnival in Brazil, but we bet you didn’t know that its sister event, the Carnival of Santa Cruz de Tenerife, is just as good. In fact, it’s the second biggest street party in the world, with more than 250,000 revellers attending every year – you won’t want to miss out on this bucket list experience.

Best of all, because the Canary Island is just a four hour flight away, you won’t have to travel far for your carnival fix. Here’s everything you need to know about 2018’s biggest party…


The Carnival of Santa Cruz de Tenerife is held in January or February every year. This year the party starts on February 7th and carries on for almost the whole month. The theme for 2018 is ‘fantasy’, which means feathers, sequins and loads of sparkle.

There are different events held across the month, in Puerto de la Cruz, Santa Cruz and Güímar. You can expect live music, open-air concerts, parades and a giant paper sardine carried through the streets! Yep – the ‘burial of the sardine’ signifies the first day of Lent, and involves locals dressed in black carrying a huge sardine effigy through the streets and then burning it. You’ll be pleased to hear that the rest of the events are mainly dedicated to dance, South American music and fabulous costumes – it’s just one big street party.

Here’s what you really shouldn’t miss…

Santa Cruz

Wednesday, February 7th, 2018 – Election of the Carnival Queen
Friday, February 9th, 2018 – Carnival Opening Parade
Tuesday, February 13th, 2018 – Main Parade
Wednesday, February 14th, 2018 – Burial of the Sardine
Saturday, February 17th, 2018 – Daytime Carnival
Sunday, February 18th, 2018 – Parade of Vintage Cars

Puerto de la Cruz

Thursday, February 8th, 2018 – Election of the Carnival Queen
Saturday, February 10th, 2018 – Proclamatory Parade
Wednesday, February 14th, 2018 – Burial of the Sardine
Friday, February 16th, 2018 – Men’s Marathon in High Heels
Saturday, February 17th, 2018 – Main Parade


Friday, February 16th, 2018 – Las Burras de Güímar



Tenerife’s renowned event has been going on for a long time – since the first European settlement back in the 15th century, to be exact. It started off as an outdoor festival with live bands playing traditional South American music, and has slowly descended into a spectacle of colour, costumes, parades and street parties. In 1987, Guinness World Records officially declared the carnival as the largest outdoor concert in the world. And, ever since then, it’s had a different theme every year, ranging from space and horror to Ancient Egypt and the 80s. Revellers go all out with their costumes too, and plan them months in advance.


If you love lazing on the beach, head to the white sand stretches in Playa da las Americas and Costa Adeje, where you can top up your tan and get stuck into the watersports. Or, if you prefer getting out and about and exploring natural landscapes, head to Mount Teide National Park – home to the third largest volcano in the world – where you’ll find other-worldly landscapes covered in solidified lava, craters and cacti. You can explore  hiking trails or take a cable car to the top and enjoy the impressive views over the island. Head there at night and you’ll see it’s an amazing spot for stargazing.

And that’s not all. There are also plenty of top shopping spots, big clubs and waterparks to hit, including Siam Park – a giant Thai-themed waterpark which lines up a wave pool, a vertical drop slide for those adrenaline-junkies, and the world’s longest lazy river.


The wallet-friendly Be Live Experience Playa la Arena is within easy distance of the carnival, and right next to a volcanic black-sand beach. It also boasts two pools and loads of activities on the agenda to keep you busy when you’re not partying.

If you’re after something a little more upmarket, pick the Hotel RIU Garoe from our Platinum collection. This place is set among gorgeous landscaped gardens and features a pretty pool scene and a beauty centre to help you get costume-ready.

Ready for your carnival experience?

Browse our Tenerife holidays, or read about the best cultural festivals in 2018 and your ultimate 2018 bucket list for some more holiday inspiration.

How Tenerife & Gran Canaria could be your company’s solution to trading with the EU after BREXIT? Click Here…

Author: Selina Akhtar

 Credits to TuiGroup for the article.

EU Company Formation After BREXIT?

Many clients have been researching potential locations to open an office within the EU in preparation for the BREXIT results.

Uncertainty over the United Kingdoms relationship with the EU post-BREXIT has caused concern for business owners and investors alike.

Equally, BREXIT, like most situations, isn’t without its silver lining. Many business owners are realising the full extent of the opportunities enabled to them by having a Corporate Structure in the European Union.

The Canary Islands offers BREXIT business owners the opportunity to own a company in the EU zone and access Onshore Tax Incentives fully authorised by the European Commission.

The Canary Islands Tax Incentives, are part of a permanent “Ultra Peripheral Regions” status unlike those of Cyprus, Malta, and other EU locations. What this means is, due to the distance between the Canaries and their parent country “Spain” they provide a more “Secure and Stable” longer-term option when considering where to position your business. Specifically, both Investors and Business Owners alike can position their businesses in the Canary Islands enjoying the following;

  • Corporate Tax Rates a low as 2.5 – 4%
  • Invoice EU clients
  • Trade in the Euro without need for currency transfers
  • Freedom of movement of funds due to onshore status
  • In certain cases, exemption from withholding tax
  • No double taxation due to bi-lateral agreements
  • Exemptions on Stamp Duty and Transfer Tax
  • VAT rate of just 7% in the EU

More importantly, SME owners are able to transparently, retain profits, build equity value and responsibly prepare for an eventual exit enjoying a much higher valuation price. They’re advantages to having a base both inside and outside the EU, clearly, the Canary Islands have a unique offering.

For more information, please contact. Rosana Mesa M: +34 608 291 189 or Email:

Carlyle group Spain

The Carlyle group acquires Telvent Global Services

The American alternative assets management company Carlyle Group recently acquired the Spanish company Telvent Global services (TGS) from Telvent GIT. Carlyle possesses 193 billion dollars in assets managed over 130 funds and has more than 1,650 employees in 40 offices worldwide. With this purchase, it is strengthening its presences in the European technology sector.

Headquartered in Madrid with over 400 employees, TGS obtained a turnover of 57 million euros in 2014. The company specializes in providing IT infrastructure management services. These include a hosting service by means of its five data centers in Spain and Portugal. The Spanish company offers advanced solutions for the hybrid cloud and other value-added services for industrial cybersecurity management and IT management.

The fund which provided the capital for the transaction, the amount of which has not been revealed by the buyer, is Carlyle Europe Technology Partners III, specialized in emerging European companies in the telecommunications, media and technology sectors. Crescent Capital Group LP financed the debt for the sale.

The director of Carlyle Group, Fernando Chueca, justified the purchase by saying: “Telvent Global Services is a provider which is growing and which has two decades of experience as a manager of technological infrastructures and other IT-related services in Iberia. It has a high-quality business with an experienced team at the fore, whose contribution has been key to the company’s growth and diversification. Carlyle’s experience in this sector will contribute to the creation of value for the company, especially in this period of rapid changes the IT sector is undergoing in Europe.”


Previously, Carlyle agreed the purchase of the majority stake held by ProA Capital, Partners Group and Talde in Palacios Alimentacióm, a Spanish manufacturer of prepared foods specializing in cured meats, frozen cakes, pizzas, tortillas and other dishes.

Atari founder Nolan Bushnell says he would now set-up new Tech Businesses in the Canary Islands

Entrepreneur Revolution Top Five Mistakes – Meeting with Daniel Priestley

Daniel Priestley & Christopher Pennington

When I met with Daniel Priestley I had a great insight into the mentality of a key person of influence and today’s global small business leader.

Daniel explained to me that when he started his company he started it with success in mind. He planned his success so thoroughly that he acted as though he’d already achieved it. He explained to me that when he started his business he sat down with the best tax adviser he could afford and asked for the best way to structure his company right at the outset. This undoubtedly will save hundreds of thousands if not millions on his trading revenue over the years but more importantly Daniel saw the equity valuation potential and how by getting that structure right at the beginning it could save him millions if not tens of millions if he eventually comes to sell his business. The structure itself is a valuable asset and can actually add more value to his business.


It then dawned on me that start-ups and entrepreneurs make five common mistakes at the outset that not only hinders the business growth it actually robs them of a large slice of their fortune later down the line.

The Five Biggest Mistakes Entrepreneurs make regarding their Intellectual Property;


  1. THEY DON’T ACKNOWLEDGE IP – Entrepreneurs make the mistake of thinking that their intellectual property is them. NO! Your IP may have been created in the six inches between your ears but it doesn’t mean you have to pay the tax on it where your feet stand. Register your IP as a corporate entity, ideally in a location where the taxation is low. Key Tip- look for a place where capital gains is particularly low. When you come to sell you’ll be glad you did


  1. THEY DON’T ACKNOWLEDGE WHERE’S BEST TO PLACE THE MANAGEMENT STRUCTURE – Just because you live in a place doesn’t mean you have to set up your company there. Plan to be global where you can, select a location where to set your international management structure ideally where the taxation and vat is low, you can then set up subsidiaries in countries where you have to trade, this will allow you to legally run management fees to your holding or management company structure. Key Tip – Canary Islands and Malta are great cost effective EU locations for this.



  1. DON’T ACKNOWLEDGE WHY THEIR IN BUSINESS – 9 out of 10 business people tell me they got into business for lifestyle reasons yet they treat the lifestyle as some distant treasure that they hope to acquire. NO! live it today, set your structure in a place where you’d ideally like to retire, if that’s possible for an entrepreneur. If you want to spend 3 months or 6 months of the year in sunnier climates once you’ve earnt good money then start out that way. Live your dream lifestyle, it will change your emotional state and energy plus train your mind to believe it’s already a reality ultimately enhancing your productivity. Key Tip – live it believe it become it!!!


  1. DON’T TRICK YOURSELF INTO THINKING THIS IS COMPLICATED – Business people are feared to death of language like taxation and offshoring. Think of it as selecting a good pension plan because that’s what it is. Your protecting your revenue so you can invest in yourself, grow the business faster and enhance your final valuation. Lawyers and Tax Advisers love to make this complicated, why? So they can charge you more fees. Select a good consultancy firm line Capital Investment Canaries and Capital Investment Consultants. We’ve created transparent onshore European commission backed wealth products, rubber stamped by the top four consultancy firms. This way you have a structure that can be slightly tweaked to suite your business best. Key Tip – speak to CIC their consultations are free and your only charged when you purchase the product so it’ll cost you nothing to find out how many millions you can save


  1. DON’T THINK YOU’RE TOO SMALL TODAY – by asking the question you’re not committing to anything. By getting the knowledge today you can incorporate it into your business plan and plan for it financially. A good consulting firm will want to work with you on this as it’s in their interest to support you to make the jump when you are ready. Key Tip – get the info and plan for it, not planning will cost you more in the long run and often it costs a lot more to rectify mistakes than to get it right first time!!!


Find out the best Intellectual Property Structure for your business with a free consultation from CIC. Email or call +34 608 112 161 better still come and visit us at our European Head Office in Santa Cruz de Tenerife and feel what it’s like to create the lifestyle you want.

“How TechCo’s can best protect IP revenue?” by Christopher Pennington

Chris Pennington & Carlos Suarez Tenerife Data Center D-Alix

The Data Centre in Granadilla is a central hub for transatlantic communications and home to Spain’s largest super computer.
I recently visited the facility for a meeting with Director Carlos Suarez to discuss the operational support to Capital Investment Canaries global clients.

The companies have based themselves in Santa Cruz de Tenerife to enjoy Europe’s lowest onshore corporation tax zone of just 4% and the ability to invoice internationally through the Canary Islands low 7% VAT rate.

But more important than the tax incentives IT and companies like Atos are basing their contact centres and Tech support from the Canaries as they enjoy super-fast internet and communications via the fibre optic cables laid around the City, along with access to a skilled multi-lingual workforce.

I took this opportunity to speak to the Data Centre Director Carlos Suarez to tell us more about the Billion Euro Alix & Data Centre project which is the culmination of years of hard work placing Santa Cruz de Tenerife as the epicentre of international communications connecting, via submarine cables, the Americas, Europe and West Africa.
This project is imperative in order to continue to attract more international companies to move their IT support, Data Management and Customer Service and Sales Centre’s to Tenerife. It will rapidly place Tenerife as the “Service Centre Capital of Europe” allowing companies to enjoy high speed communications traffic, a competitive multilingual workforce, and with CIC’s unique IP Revenue Protection Product companies can enjoy;

  • Just 4% corporation tax on trading revenue
  • Between 0% and 12% For Director Holding Company Structures receiving international dividends
  • The ability to invoice internationally with VAT rates of just 7%.
  • and through out European Commission backed IP Box companies only pay between 1% & 2.5% on Royalty revenue from IP
  • 0% Capital Gains when the IP is sold!!!

CIC are the Canary Islands leading Corporate Service Providers, providing tactical & professional support for Entrepreneurs and  inward investing companies.

We have long standing partnerships with companies like KPMG for legal & Audit Services and Deutsche Bank ensuring a best of breeds winning partnership for our clients. What this means to clients is they can enter the Canary Islands confidently with the support from experts, and not having to take chances with untested local firms who haven’t the same level of experience in dealing with international companies or understand their time demands and service expectations!
Capital Investment Canaries organises Discovery Trips & Trade Missions in partnership with Official bodies for business people wishing to better understand how we can assist with revenue protection and equity enhancement

For more information call +34 608 112 161 or email