Island of La Palma, Canary Islands, Spain


La Mancha Spa Hotel   investment project

  Tax Incentives continued

The rate depends on:



ZEC Companies are exempt from Capital Transfer Tax and Stamp Duty on the following Circumstances:







There is a great shortage of hotel and apart hotel accommodation on the Island of La Palma and the island is unable to meet its potential tourist demand since the opening of the new Airport late last year.


This project will qualify for a subsidy or grant from the Canary Island’s Government through the Feder Fund which is designed to encourage foreign investment to the Island


This subsidy or grant will be between 10 - 15% of all construction costs of the entire development and will be paid on completion


Key advantages of investing in the Canaries is the availability of these funds from the European Regional Development Fund.





Please click on the links below for more information:






        





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  Feder Fund

European Commission Website Summaries of EU Legislation