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Practical Manual of Companies 2022.

Creation and validity of the ZEC

Regulation: Articles 28 and 29 Law 19/1994

  • Creation:

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

  • Validity:

    The validity of the ZEC is limited to December 31 of the year 2027 , extendable with prior authorization from the European Commission.

    However, the authorization of registration in the Official Registry of Entities of the ZEC will have a limit of December 31 of the year 2023 .

    The maintenance of the Canarian Special Zone will be conditioned in any case to the result of the periodic reviews that must be carried out by the European Commission.