The Canary Islands have been categorized by the European Central Government as the Z.E.C (Zona Especial Canarias), this implies low taxation (only 5% I.G.I.C - equivalent of VAT), 18% on capital gains. Buying in the name of a company will exempt you from said tax. The R.I.C (Reservas de Inversiones Canarias), stipulates that companies will be taxed at just 10% of their profit if they allocate 90% within the Canarian territory.

The government allows a period of three years to invest those benefits. As such, we have been witnessing a spectacular economical growth during recent years, and an increasing number of Multinational Offshore Companies on the islands.