Is
maintaining a significantly lower fiscal pressure than the
average of the rest of Spain and of the European Economic
Community.
Have
a block of incentives designed to compensate for problems
of territorial discontinuity and to promote activities tending
to generate employment and which increase the internal and
external competitiveness of Canarian companies.
Deductions
and incentives for investment. Canary Islands' General Tax
(IGIC). Tax savings based on choice between establishing
the business in the Canary Islands or the rest of Spain.
The
Canary Island Investment Reserve RIC. The Canary Island
Investment Reserve, hereinafter RIC, is an instrument aimed
at stimulating self- financed investment; i.e. companies
that operate in the Canary Islands can finance their own
investments.