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Renting your home for tourists in the Canaries: the current legal framework
26.05.2016 The Canary Islands are long established as one of the most relevant holiday destinations in Europe due to the weather and because of the wide range of accommodation services available in the Archipelago. It is well known that the main economic activity of...
The ZEC in 2017 and its outstanding challenges
After over twenty years, it might seem almost superfluous to begin this commentary by remembering the magnificent virtues of our Special Zone, its unparalleled uniqueness in our united Europe and the importance of the competitive advantages that it provides. However,...
Establishing your business in the canary islands: the best taxation in europe
12.05.2016 In one of our last articles we mentioned that the Canary Islands Special Zone (hereinafter ZEC as per the Spanish acronym) is the most relevant tax advantage of our taxation regime on business income, which is one of the most attractive aspects of this...
Tax OBLIGATIONS for NON RESIDENTS owning real estate in Spain
28.04.2016 We do believe many foreigners owning a second home in Spain are missing a proper approach and description of the proper Spanish tax obligations which concerns to the effective ownership of their property. Not complying with those always means problems...
Inheritance and Gift Tax in Spain
31.03.2016 Spanish people in general tended not to be very much proactive on arrangements around succession and Inheritance Tax Planning. It seems that they felt it was a discussion which always could be postponed for a while. However, more and more, along the past...
