Elodie Casola

Tenerife: A Paradise of Luxury Resorts and Business Incentives

Tenerife luxury resorts and tax incentives

Tenerife is a unique vacation destination, offering incredible weather, gastronomy, accommodations and culture just a short flight from mainland Europe. Rising demand for luxury resorts like Abama is steadily taking this most populous of the Canary Islands into the tourism stratosphere. But what many do not know is that it also offers incentives for business owners that rival the best conditions anywhere in the world, and that are greatly differentiated within Spain and the EU.

Both investors and companies may be surprised to learn that Tenerife offers some exceptional tax advantages, including:

  • An indirect tax on consumption of only 7%
  • A fixed company tax rate of 4%, compared with the EU average of 23%
  • Reduction of up to 90% of non-distributed net profit from their taxable base
  • A 50% tax rebate for production of tangible assets
  • Exemptions on import and export duties in the Free Trade Zone
  • No withholding taxes
  • Large deductions of up to 45% for investment in R&D, Innovation Activities (videogames) and the Audiovisual sector

These are refreshing figures in the context of mainland Europe, where crippling taxes make economic efficiencies difficult to come by, especially for the small business. Given our increasingly global world and the rising number of distributed companies, rethinking and revolutionizing your business and investment practices is no longer a foreign concept. And with incentives like these, Tenerife offers serious food for thought. So for those who believed the island was good for nothing more than a short holiday in a luxury resort, it may be time to contemplate a more permanent move.

See the following link for more detailed information and conditions: http://www.whytenerife.com

Property Focus: Los Jardines de Abama

Both romantic and roomy, the superb residences at Los Jardines de Abama are designed with a rare degree of finesse and refinement

From garden apartments facing the island of La Gomera to duplex first- or second-floor homes with spacious ocean-facing terraces, there’s sure to be a unit that fits you to perfection.

Find out more today

Download our Los Jardines de Abama brochure and guide to why you should buy in Europe’s most outstanding resort in the world’s best year-round climate.

Download brochure

Contact our sales team for more information and enquiries into the exciting opportunities of the Abama resort.

Abama Reading Room

We invite you to view our latest guides, brochures, news and downloads.

Visit Reading Room
Abama Brochure 20186