Free calculator
ZEC Canary Islands Tax Calculator 2026
Estimate how much corporate tax your company could save by registering in the Zona Especial Canaria before the registration window closes.
4%
Corporate tax in the ZEC (vs. 25% standard)
€50M
Max. preferential tax base
31 Dec 2026
Registration deadline
Enter your company details
Corporate tax base before applying the ZEC preferential rate.
Determines minimum employees (5 in Gran Canaria/Tenerife, 3 in other islands) and minimum investment (€100K in GC/TF, €50K in others).
Full-time positions registered with Social Security in the Canary Islands. Minimum: 5 (Gran Canaria/Tenerife) or 3 (other islands).
Investment to be made within the first 2 years of registration. Minimum: €100,000 (GC/TF) or €50,000 (other islands). Intangible assets (software, patents) count for up to 50% of the minimum.
25% standard rate, 23% for SMEs (turnover < €1M), 15% for startups (first 2 profitable years).
Sector excluded from the ZEC regime
Financial services and intragroup wholesale trade are expressly excluded from the ZEC activity catalogue. If you have mixed activities, speak to our team to assess feasibility.
Activity verification recommended
The ZEC activity catalogue is broad. Our team in Las Palmas can confirm whether your specific sector is included before starting the process.
Estimated tax saving
Total taxable profit
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Preferential tax base (4% rate)
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Excess taxed at standard rate
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Corporate tax liability without ZEC
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Corporate tax liability with ZEC
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Estimated annual tax saving
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5-year cumulative savings projection (flat profit)
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Linear estimate. Does not account for profit growth, potential regime extension, or RIC effect.
Registration deadline: 31 December 2026
The Consorcio ZEC takes approximately 2 months to process applications. We recommend starting the process before 30 September 2026 to avoid missing the deadline.
Ready to register in the ZEC before December 2026?
Our team in Las Palmas de Gran Canaria advises you through the full process: activity plan, corporate structure and Consorcio ZEC registration.
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How the ZEC tax calculation works
The Zona Especial Canaria (ZEC) applies the reduced 4% rate only to the preferential tax base, which is capped at a maximum amount determined by the number of employees the entity has in the Canary Islands. Any profit above that threshold is taxed at the standard corporate tax rate (25%) or at your company's applicable rate.
The preferential tax base starts at €1,800,000 for companies with 3 to 5 employees and increases by €500,000 per additional employee above the minimum threshold, up to a ceiling of €50,000,000 for companies with 25 or more employees.
The ZEC is compatible with the RIC (Canary Islands Investment Reserve), which allows companies to deduct up to 90% of undistributed profits reinvested in the Canary Islands. The combined ZEC + RIC effect can reduce the effective tax rate to near zero on reinvested profits.
For the full requirements and process, read our ZEC Canary Islands Guide 2026 or explore our ZEC advisory service.
ZEC experts in Las Palmas de Gran Canaria
From feasibility assessment to Consorcio ZEC registration and ongoing tax compliance. We act before the deadline closes.
Methodology and sources
Assumptions applied by this calculator
- ZEC preferential rate: 4% on the eligible taxable base (Law 19/1994)
- Companies registered in the Zona Especial Canaria pay corporate income tax at 4% on their ZEC-eligible base (base imponible ZEC). The eligible base is capped depending on the number of employees maintained in the Canary Islands (Art. 43 bis Law 19/1994, as amended by Law 8/2018). Income above the cap is taxed at the standard IS rate (25%, or 23% for SMEs with turnover below €1M).
- ZEC base caps by Canary Islands employee headcount
- The cap on taxable income eligible for the 4% ZEC rate scales with Canary Islands headcount: 3–5 employees → €1.8M; 6–8 → €3.78M; 9–11 → €5.94M; 12–14 → €8.1M; 15–17 → €10.5M; 18–20 → €12.6M; 21–24 → €17.64M; ≥25 → €50M. Only employees working in and from the Canary Islands count.
- Registration deadline: 31 December 2026 (EU State Aid approval SA.58517)
- The current ZEC authorisation window closes on 31 December 2026 per EU State Aid decision SA.58517. Applications submitted after this date cannot obtain ZEC status unless the European Commission approves a new extension. Processing at the ZEC Consorcio typically takes 3–6 months; apply well in advance.
- Minimum qualification requirements
- To qualify, a ZEC entity must employ at least 3 workers in the Canary Islands within 6 months of ZEC entity creation, and invest a minimum of €100,000 in fixed assets in the Canary Islands (€50,000 for La Palma, La Gomera, El Hierro and La Graciosa). Certain sectors (retail, hospitality, residential rental, regulated financial services) are excluded.
Official sources
- Ley 19/1994, Art. 43 y siguientes — ZEC special tax zone regime
- Ley 8/2018 — ZEC regime reform and extension (BOE-A-2018-9809)
- Ley 27/2014 (LIS) — Spanish Corporate Income Tax Act
- European Commission SA.58517 — ZEC State Aid approval 2019–2026
Last reviewed: 2026-06-30
Reviewed by: BMC Corporate Tax Team — Specialists in ZEC registration and Canary Islands tax incentives
This calculator provides an estimate for informational purposes. It does not replace professional advice. Results may vary based on personal circumstances and regulatory changes. Consult an advisor for personalized planning.
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