The Free Zone of Gran Canaria will also have premises in Lanzarote, as announced by its special delegate, Gabriel Corujo.
In 1998, the Ministry of Economy and Finance authorized the creation of a Free Zone in Las Palmas de Gran Canaria. The Free Zone includes fenced areas for the storage of goods in which the IGIC or tariffs are not accrued, making them very attractive to companies.
In statements to the podcast Conversaciones Francas, collected by eldiario.es, Corujo announced that both the Cabildo and the city councils have shown their willingness to cede land and facilitate the necessary procedures. The Free Zone will also expand to Fuerteventura.
“It is logical and necessary that we have premises soon in Lanzarote and Fuerteventura,” said Corujo on the basis of the strong economic growth experienced in both islands and the business possibilities for local and foreign companies that it entails to be able to benefit from the incentives of the Economic and Fiscal Regime (REF).
The leader of the Free Zone stressed that the original idea for the entity was of a provincial nature, with a strategy designed for the three islands, which was modified in its early years by limiting its implementation exclusively to Gran Canaria.
According to him, it is time to reverse that decision because there is “economic interest” in Lanzarote and Fuerteventura and “institutional interest will soon be manifested.”
During the interview, Gabriel Corujo reveals that the entity has been working on this expansion for some time. The contacts were slowed down by the “convulsive electoral stage” and have now been resumed with “much interest” on the part of the institutions of these two islands.
“I am confident that we are going to move forward, but it is true that budget, land and infrastructure are needed to build premises and make them available to the market,” he added.