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Canary Islands

Europe in Africa

Canarias-Europa en África

With all the infrastructures, services and advantages of the European lifestyle, the Canary Islands enjoy a privileged geo-strategic position to operate efficiently in Africa.
The Islands are 100 Km away from the West African coast and about 1,100 Km away from mainland Spain. With temperatures ranging between 17ºC and 24ºC all year round, they are a top tourist destination of EU citizens (more than 17 million tourists per year) and has been named as the “European California”.
 Canary Islands is the ideal location for establishing the headquarters of companies that operate in Africa. Employees and their families enjoy the best climate in the world, with the highest European standards in health services and quality of life.
•  Legal and physical security for employees and their families
•  Legal and political stability as an European region
•  Possibility of access to quality services and education for the employee’s family
•  Access to quality health services
•  An extensive network of quality infrastructures
•  The Archipelago is situated next to the West African coast, just 100 km away from Morocco, 1,100 km away from Nouakchott (Mauritania) and 3,700 km away from Malabo (Equatorial Guinea)
The cosmopolitan atmosphere of the Canary Islands is mainly due to the significant presence of foreign communities who reside permanently in the islands, attracted by their business opportunities, benign climate, rich landscapes and quality of life. In addition, the presence of the main banking institutions and world consulting companies and the access to the Single European Market, with the euro as the official currency, make life easy and agreeable in this territory, which is more than just a holiday destination.
 

Air and maritime connectivity and latest technology telecommunications

Weekly flights to the main European and African cities, maritime connections to all the main international ports and latest-technology telecommunications ensure global connectivity from the Canary Islands.

Air connectivity

Maritime connectivity

8 Airports (6 internationals)

35,7 Millions passengers

42,9 M Tm Freight traffic

26 Commercial ports

7,42 Millions passengers

34,6 MM Tm Freight traffic

The region has the most modern infrastructures, which contribute to the islands’ positioning in the international markets and trading routes.
Airport Infrastructure
With eight airports, six of which are international, the Canary Islands receive more than 35,7 million passengers per year. Their excellent air connectivity is evidenced by more than 460 direct flights per week with the United Kingdom and around 350 with Germany, just to quote an example. On the other hand, there are 48 flights per week to African destinations, including the main airports of Morocco, Senegal, Mauritania, Cape Verde and Gambia.
Port Infrastructure
There is a wide network of commercial ports, fishing ports and marinas, some of which rank among the Spanish leading ports in passenger and freight traffic. The Canary Islands are a crossroads in the routes between Europe, America, Africa and, in the few last decades, Asia. In addition, the Canary Islands ports represent a strategic station in the Atlantic for supplies, bunkering and ship and oilrig repairs. In the year 2014, they moved a total of 34,6 MM freight tons and are amongst the first three hydrocarbons logistics and distribution points.
Telecommunications
The Islands enjoy excellent telecommunication connectivity thanks to the submarine fiber-optic cable connections and the 54 satellites that provide communications services in the Archipelago.
Several international telecommunication service providers also operate in the islands within a free-competition framework and with the most advanced technologies. As for the mobile phone sector, the network established is fully covered by GSM/GRPS, with a wide access of the newest systems based on UMTS and an usage estimated in 85% of the local inhabitants.
Nowadays, there are 10 submarine cables that connect the Islands with the Mainland and with countries such as South Africa, Portugal and France, as for regions of southeastern Asia and America. Should be added that has been recently installed a new submarine optic fiber cable with a capacity of 4.000 Gygabytes.

Integrated in the European Union legal system, the Canary Islands offer total guarantee in the matter of security and protection to individuals and companies.

European Security Framework
The Canary Islands have extremely transparent fiscal regulations, fully approved by the European Union and Double Treaty Agreements signed by Spain. These transparent fiscal regulations, administered by the Economic and Fiscal Regimen of the Canary Islands (REF), benefit companies through legal process cost reductions.
Recently, several actions have been adopted to combat tax avoidance and offshore tax evasion by the OECD and the G20 governments.
 

Tax incentives

As an EU outermost region, the Canary Islands have an Economic and Tax System (REF) of their own, fully approved by the EU, which applies double taxation conventions and fiscal transparency.

Canarias_Tax_Incentives

Canarias_Tax_incentives_2

Workforce

The Canary Islands possess a solid know-how in key sectors, and have an excellent workforce to assist the needs of the companies settled in the Canaries for operating in neighbouring countries.
The population is younger than the national average and has high level of qualifications. The Canary Islands offers competitive labor costs and, as being part of the EU, allows personnel mobilization without visa requirements. Low personnel rotation provides higher levels of worker loyalty.

 

Canarias_workforce

Last updated: 09|06|2016

The information on these pages was prepared by each autonomous community

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