an aerial photography of playa de amadores, Canary Islands

The Canary Islands Special Zone (ZEC): A Booming Haven for Tech Startups and Remote Workers

Nestled off the northwest coast of Africa, the Canary Islands have emerged as an unexpected hotspot for tech startups and remote workers seeking favorable tax incentives and a vibrant entrepreneurial ecosystem. At the heart of this phenomenon lies the Canary Islands Special Zone (ZEC), a strategic initiative aimed at attracting investment and fostering economic growth. In this blog post, we delve into the benefits offered by the ZEC program and explore how it has transformed the Canary Islands into a thriving hub for innovation and remote work.

Unlocking Opportunities with the ZEC Program

Reduced Corporate Income Tax:

  • One of the key attractions of the ZEC program is its favorable tax regime, which offers significant benefits to tech startups and businesses operating in designated sectors.
  • Companies registered under the ZEC enjoy a reduced corporate income tax rate of just 4%, providing a competitive advantage and enabling them to allocate more resources to innovation and growth.

Streamlined Administrative Procedures:

  • In addition to tax incentives, the ZEC program streamlines administrative procedures, making it easier for startups to establish and operate their businesses in the Canary Islands.
  • By reducing bureaucratic hurdles and simplifying regulatory requirements, the program fosters a conducive environment for entrepreneurship and business development.

Embracing Digital Innovation and Remote Work

Promotion of Digital Currencies:

  • The Canary Islands Special Zone (ZEC) goes beyond tax benefits by actively promoting the usage of digital currencies as a means of payment of wages.
  • This forward-thinking approach aligns with global trends towards digitalization and enables companies to embrace innovative payment solutions while attracting top talent from around the world.

Exponential Growth in Remote Workers:

  • According to the Canary Association of Coworking Spaces, the Canary Islands have experienced an exponential influx of remote workers, with reported growth rates of up to 10% per month.
  • Currently, an estimated 8,000 remote workers call the Canary Islands home, drawn by the allure of favorable tax incentives, a high quality of life, and a dynamic startup ecosystem.

A Global Hub for Innovation and Entrepreneurship

Diverse International Community:

  • The appeal of the Canary Islands extends beyond tax advantages, attracting remote workers and entrepreneurs from a diverse range of countries, including Germany, France, the UK, and the US.
  • This melting pot of talent and expertise fosters cross-cultural collaboration, knowledge exchange, and the emergence of groundbreaking startups and innovative projects.

Driving Economic Growth and Opportunity:

  • The success of the ZEC program has not only transformed the Canary Islands into a tech hub but also contributed to economic growth and job creation in the region.
  • By nurturing entrepreneurship, attracting investment, and embracing digital innovation, the Canary Islands are paving the way for a brighter future and positioning themselves as a leading destination for tech startups and remote workers.


The Canary Islands Special Zone (ZEC) has emerged as a beacon of opportunity for tech startups, remote workers, and innovative businesses seeking a supportive ecosystem and favorable tax incentives. With its strategic location, vibrant culture, and commitment to digital innovation, the Canary Islands are poised to continue their ascent as a global hub for entrepreneurship and economic prosperity.

Disclaimer: This blog post is for informational purposes only and does not constitute financial, legal, or investment advice. Readers are encouraged to conduct their own research and consult with relevant professionals before making any decisions based on the information provided.


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