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Practical Manual for Companies 2020.

Creation and validity of the ZEC

Regulation: Articles 28 and 29 Law 19/1994

  • Creation:

    The ZEC is created with the aim of promoting the creation of quality , the economic and social development of the archipelago and the diversification of its productive structure, governed by the principle of geographical tightness.

  • Validity:

    The validity of the ZEC a limit of December 31, 2026, extendable with prior authorization from the European Commission.

    However, the deadline for authorisation to register in the Official Registry of ZEC Entities will be 31 December 2021.

    The maintenance of the Canary Islands Special Zone will be subject in all cases to the result of the periodic reviews that must be carried out by the European Commission.