The president of the Cabildo of Lanzarote, María Dolores Corujo, has highlighted the "potential offered by the island to welcome new companies related to strategic economic sectors" during the meeting she held with the president and vice president of the Canary Islands Special Zone (ZEC), Pablo Hernández and María José Miranda, to establish "strategic lines of collaboration."
Currently, the island has 39 companies established under the ZEC tax regime, generating 240 jobs. Dolores Corujo hopes that these figures will "continue to grow with the establishment of new businesses that help diversify the island's economy," where she recalls that "the investment and employment requirements for settling in the ZEC are lower." Thus, being a non-capital island, the investment requirement to operate as a ZEC entity in Lanzarote is reduced to 50,000 euros and the employment requirement to three jobs.
“Our goal is to generate synergies in the near future that add value to the island's business fabric. We have identified that the agri-food sector, renewable energies, audiovisual and distribution have a long way to go if we work together”, says the president of the Cabildo.
One of the actions that has been agreed to carry out was a meeting with island business groups with the intention of "encouraging them to seek collaborative formulas with international entities and develop second lines of business within the scope of the tax regime offered by the Archipelago."
This act is part of the round of institutional meetings that the directors of the Canary Islands Special Zone are carrying out with the highest representatives of the islands.
