The period of inclusion in the Register of ZEC Companies
Whether the activity is new or pre-existing
The type of activity
ZEC Companies are exempt from Capital Transfer Tax and Stamp Duty on the following Circumstances:
Purchase of goods and rights for the conduct of the business of the ZEC Company within geographical area of the ZEC
Company operations except liquidation
Stamp Duty on documents connected with the Companies Operations in the geographical area of the ZEC
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.
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