• CIC - Media Team

Canary Islands - Commercial Centre for the European Neighbourhood Policy

The European Neighbourhood Policy (ENP) is a foreign relations instrument of the European Union (EU) which seeks to tie those countries to the east and south of the European territory of the EU to the Union.

These countries, primarily developing countries, include some who aspire to someday become a full member state of the European Union, or more closely integrated with the European Union. The ENP doesn’t apply to neighbours of the EU's outermost regions, which include, Madeira, Canary Islands and France’s South American Territories, but only to those “Countries” close to EU member states' territories in mainland Europe.


The countries covered include Algeria, Morocco, Egypt, Israel, Jordan, Lebanon, Libya, Palestine, Syria, Tunisia in the South and Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine in the East. Russia has a special status with the EU-Russia Common Spaces instead of ENP participation.


Why Canary Islands are integral to the ENP?

During the past 10 years Capital Investment Consultants have created corporate and tax structures for international businesses expanding across the EU and entering Africa. From Renewables to Global Tech Companies, business owners realise the potential and opportunity that Africa offers.


During the past 10 years Capital Investment Consultants have created corporate and tax structures for international businesses expanding across the EU and entering Africa. From Renewables to Global Tech Companies, business owners realise the potential and opportunity that Africa offers.



Traditionally, the Canary Islands are more famous for the gravitational pull they’ve had on European tourists, however, due to their world class infrastructure, stable financial, political and legal European framework, they’re becoming more famous with fast growing businesses and entrepreneurs, as an “Investment Hub” providing the best equilibrium between commercial opportunity and opulent lifestyle.

Here’s are just some of the reasons why our existing clients chose Santa Cruz de Tenerife or Las Palmas de Gran Canaria for their European HQ;


1) Europe’s Lowest Onshore Corporate Tax Location

Corporation Tax is just 4% for qualifying companies meeting the ZEC criteria. ZEC is completely onshore, authorized by the European Commission, and fully regulated by the Spanish Governments Tax Office, “Hacienda”. Legal, Transparent & Accepted, by Member EU Countries.


2) Access to Talent

Both the Canaries Universities produce graduates to high European standards! Due to decades of tourism, the islands offer a young educated and bi-lingual workforce. Our Contact Centre Clients with global obligations have found this resource as valuable, if not more, than the tax incentives. Capital Investment Canaries (CIC) has successfully supported many international companies to establish their corporate structure in the Canaries, recruit staff locally and attracting talent internationally. Our biggest successes included, recruiting 47 qualified engineers, 4 PhD’s, from the local universities and handling the relocation of Tech Leaders from Silicon Valley and Apple in Ireland!


3) Lifestyle

There is a magic about the Canary Islands, the Romans named them “The Fortunate Islands” and it isn’t hard to see why. The most advantageous climate on the planet (NASA), Cosmopolitan vibrant Capital Cities, Santa Cruz de Tenerife and Las Palmas de Gran Canaria offer the perfect equilibrium between work and leisure make them amongst the most desirable European cities to live and work as stated by “The Guardian UK”. Excellent medical care, education, and connectivity (400 weekly flights to the UK alone) make this really a Commercial Paradise, not a fiscal one.


To find our more or register for one of Capital Investment Canaries Commercial Discovery Visits, please contact;

welcome@capitalinvestmentcanaries.com or call our;

EU Office: +34 674 136 977

UK Office: +44 (0) 7931 384 374