3 reasons Manufacturing Shipping & Logistics Companies see the Canaries as the most desirable location for intercontinental trade?
There is no question the Canaries is a superb geographical location as the southernmost port in the European Union and a tri-continental bridge between America, Africa and Europe, makes the Islands a magnificent commercial and business platform.
Former US President Bill Clinton opens the Canaries as a Tri-Continental Investment
platform in which American companies will base themselves for trade with Africa
Historically and culturally the Canary Islands are very closely linked with Latin America and with significant commercial and institutional links with West Africa.
They constitute an excellent commercial and logistical platform for transfer of goods, services and technology between the continents, as they are on the main routes of international trade.
This circumstance makes it possible for an investor to handle strategic projects in West Africa and Latin America, with the legal certainty that having a business base in Europe enjoying the cultural, financial and commercial security that Europe provides.
In addition to the enviable location the Canaries offers some of the most advantageous commercial tax rates in Europe. For qualifying companies a Corporation Tax rate of just 4% can be enjoyed, There exists a 90% tax break on profits for companies that re-invest into the Canary islands, and for companies starting up in the Canaries a Deduction of Investment DIC can be enjoyed in the form of Tax credits ranging between 25 and 42%.
In addition the Canaries boasts Free Trade Zones offering an unrivalled advantage for companies involved in importing or exporting goods from Africa and Europe, and for production companies the ability to enjoy further tax breaks for the finishing of tangible goods on the islands.
Novara Capital Group is an international tax & capital investment consulting firm. We specialise in Corporate Structuring, European Union Tax Incentives, IP Positioning, and Transactions / M&A. We provide intelligent corporate structures, advice, and an integrated service which cross delivers in businesses. We advise companies globally to accelerate international growth, optimise net profits, and enhance equity value leveraging Intellectual Property and Licences. Our in-house experts specialise in International Tax Law, Company Law & Cross Border Jurisdiction, Investment & Asset Management, Mergers & Acquisitions, and Operational Management.
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