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Canary Islands

Logistic platform

Thanks to their geo-strategic location between Africa, Europe and America, the Canary Islands are a strategic logistics platform that can be used to provide emergency response. Key factors offered by the region are:
•  International airports and the possibility of using other non-civil airport facilities.
•  Direct maritime connections with the main ports of West and Central Africa.
•  The best taxation in the EU.
•  Close commercial, cultural and cooperation links with African countries.
•  Extensive network of logistics operators, forwarding agents and service agents.   
These features have been determinant for the election of the Canary Islands as their base for international logistics operations by the International Federation of Red Cross, Red Crescent Societies, the United Nations World Food Program and, more recently, USAID.

Offshore services

With first-class infrastructures and services, the Canary Islands ports are centres of reference in the Mid-Atlantic for ship and oil rig maintenance and repair works.
The Islands are just 100 km away from the African coast, 1,940 nautical miles away from the main reserve of West Africa, the Nigerian waters, and 3,200 nautical miles away from the second best reserve, the waters of Angola. Its privileged geographical location allows providing services and supplies to ships and oil rigs from countries all over the world, thus optimizing time and resources for any company operating in West Africa. The Canary Islands ports rank among the leading Spanish and European ports in passenger and container traffic. In 2014 they recorded a traffic of 7,42 million passengers and a total of 34,6 MM cargo tons.
The existing facilities offer 18 categories of services and related activities, including ship repairs, sheet metal works, supplies, transport and logistics, quality control inspections, water analysis, water and waste treatment and ship agents’ services. The bunkering services available are among the most active in this North Atlantic area, offering all types of bunker, 24 hours a day, all the year round.


 

Film production

The Canary Islands offer a range of attractive tax advantages which are successfully applied thanks to the Canaries Economic and Tax Regime (REF) within the legal framework of the EU and Spain.
This makes the Canary Islands one of the best places to film in Europe as in addition to the above, the islands boast great climate, superb natural conditions, a full array of sceneries and a solid film sector including equipment and qualified experienced professionals ready to take care of your every need.
Our tax breaks are as follows:
1. Deduction for investment in foreign productions: 35%
2. Deduction for investment in Spanish productions or co-productions: 40% - 38%
3. The Canary Islands Special Zone (ZEC), to set up your company in the Canaries at a reduced rate of 4% Corporate Income Tax, compatible with the above mentioned tax breaks.
 
According to the Canary Islands REF, the specific incentives on film production in the Corporate Income Tax Law, are increased by 20 percentage points and the limit is 80% higher than in the rest of Spain in general.

ICT Network

One step away from Africa, the Canary Islands provides companies with easy access to its neighbouring countries. The Islands, a growing business hub in Africa, is quickly becoming the center for ITC multinational firms looking to penetrate the much sought-after West African market.
We must also mention the D-ALIX project, a neutral data exchange point linked to Africa. The implementation of this world-class data centre provides a neutral point for the aggregation and distribution of tricontinental data traffic and serves as the Southern gateway to Europe in terms of telecommunication, since it offers a high-quality infrastructure for the provision of services. The centre is presently connected to three international cables (SAT-3/ WASC, Atlantis-2/ Pencan 6 and SAT-2), plus the next three cables to come into service (ACE, WACS and MST).

Natural Science Lab

The geographical and environmental conditions make the Canary Islands an excellent natural research laboratory for the development and testing of new technologies, which may subsequently be implemented at the continental level. Each of the islands offers one or more test sites for new technologies, such as the island of Fuerteventura for photovoltaics or the island of El Hierro as an example of a 100% energy self-sufficient island.

Biodiversity
The archipelago is one of the European regions with the richest biodiversity and the highest number of endemic species per area.
•  80% of the Spanish biodiversity is concentrated in the Canary Islands
•  About 14,000 terrestrial endemic species
•  5,500 marine species
•  600 endemic plants
Biodiversity is a starter for Biotechnology, a revolutionary field with a bearing on various industrial sectors such as pharmacology, nutrition and energy, and with a great potential for the technological development of primary sectors such as fishing and agriculture.
Biotechnology
Canary Islands have a strong biotechnological sector, where should be pointed out the leading role of the biotechnology applied to farming, that allows changes in genome of the seeds so they become more resistant to plagues, etc. Western Seed is a reference case for the Islands, as it started in early 90s and in relatively little time, it became a (micro) multinational company, developing really high quality seeds of tomato, pepper, melon, watermelon, cucumber, pumpkin and papaya. Western Seed has become since in one of the world tops in the development of hybrid varieties of tomatoes.
Renewable energies
The Canary Islands have been able to transfer successfully to their African neighbors their own expertise and technological developments, mainly in the renewable energy and water technology sectors, for providing basic services such as electricity and water supply services to isolated rural communities.
The Canary Islands Government is deploying in the region technology parks specializing in adaptive technologies for development.
Solar energy: more than 3,000 sunlight hours per year, with a radiation of 5-6 KWh/m2 per day. Photovoltaic systems operate with the production of more than 1,700 hours.
Wind power: constant winds with average speeds of 6 to 8 m/s provide wind farms the equivalent to 3,000-4,000 wind hours.
Water treatment: production of 600,000 m3 desalinated water per day. The first desalinating plant in Spain was inaugurated in Lanzarote in 1965.
Geothermal energy: there are two projects currently in progress.

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Astrophysics
The Canary Islands offer excellent conditions for the observation of the universe. The Instituto de Astrofísica de Canarias (IAC) has two observatories, the “Observatorio del Teide” (Izaña, Tenerife) and the “Observatorio del Roque de los Muchachos” (Garafía, La Palma), which provide support to more than 70 scientific institutions of 19 countries.
Thanks to their geographical location, the islands also provide local support, through the Canary Islands Space Centre (CEC), for satellite launch and control services, for the reception of data acquired by Earth observation satellites and for many international space missions.
GRAN TELESCOPIO DE CANARIAS. It’s the largest optical and infrared telescope in the world, with a 10.4m diameter primary glass.
 

Superior services for West Africa

The Canary Islands are a preferred destination for West African residents due to its first-class health services, excellent educational infrastructure, and wide cultural, commercial, and leisure offerings.

Health
There are excellent public and private medical services of European standard available just two hours away from the main cities of the West African coast, which have arrangements with the main international insurance companies.
The private hospitals and clinics of the Canary Islands offer the best combination of health tourism and the most advanced technology in medical services with excellent multilingual personalized attention service.
Education
The educational framework in the Canary Islands offers a wide number of quality international multilingual schools. Specialized graduate and postgraduate university studies include areas such as international commerce, public resource management, cultural heritage management, water treatment and renewable energies.
The vicinity to Africa, the students’ quality of life and the opportunity to learn the Spanish language are some of the advantages of studying in our islands and have turned them into one of the favorite destinations for students of the Erasmus program and other international exchange program.
Shopping
In the Canary Islands one may find the full range of international fashion brands in the open shopping areas located at pedestrian streets in the old quarters, where shops alternate with pleasant terraces and coffee shops. There are also other leisure areas, such as the cinemas offering international film premieres at the 29 shopping malls existing in the islands.
Leisure
The Canary Islands have 141 protected areas, including 4 National Parks and 4 Biosphere Reserves, with a total of 1,386 endemic plants and a great variety of ecosystems and microclimates.
Amateur and professional windsurfers, kite surfers and sailing enthusiasts from the five continents come to the Islands, where they can train and practice their favorite sports 365 days a year, so it is hardly surprising that the Canary Islands have 7 Olympic gold medals in their record or that they are the venue of world championships such as the 6 Prime Championship of the WQS circuit or the TP52 World Championship.
Culture
The Canary Islands offer a wide range of cultural events and visitors may enjoy their theatre, opera and classic music seasons or explore the latest international art trends in exhibition halls and contemporary art museums.

Last updated: 09|06|2016

The information on these pages was prepared by each autonomous community

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