Some people still believe that buying a luxury property in Tenerife is about leisure, but many European investors have realized the Canary Islands go beyond a vacation paradise. Yes, you can wake and join your corporate video call within 20 minutes, while watching the sun rise over the ocean. But beyond remote work, over the last decade the Fortunate Isles have garnered strategic appeal in the business world, becoming the headquarters of numerous companies in different sectors. Blue Economy enterprises, audiovisual firms, and others, have found a definitive incentive in the tax advantages of the Canary Islands Special Economic Zone (ZEC) to move their headquarters to the archipelago, where, additionally, it’s easy to attract talented professionals who love the exceptional climate and quality of life.
Canary Islands Business Hub
As a territory of the European Union that combines security and the highly competitive economic framework of the ZEC, the archipelago has witnessed the consolidation of a business ecosystem sponsored by various European and island government programs. The Canary Islands are now known not only for their privileged year-round climate, but also as a strategic hub for innovative companies.
In addition, thanks to their geographical location, the Canary Islands serve as a natural bridge between Europe, Africa and America, facilitating access to international markets. A clear example is the Canary Islands Business Hub, promoted by the public PROEXCA, which acts as a European business hub in Africa. This hub has contributed to the development of sectors including software, audiovisual production, digital animation, video games, and outsourcing, and has attracted investments from international companies seeking to benefit from the fiscal framework and the high quality of life offered by the Canary Islands.
The tax benefits of the ZEC are one of the major incentives for European entrepreneurs seeking to optimize company taxation. With a reduced corporate tax rate of 4%, significantly lower than in most EU countries, and exemptions on indirect taxes, the Canary Islands are an ideal location for setting up high value-added companies.
Establishing a company in the Canary Islands translates into economic benefits for a company, and the improvement in managers’ quality of life is also substantial. Living in Tenerife, especially if you choose an established residential community like Abama Resort, is an opportunity to own a home in an unparalleled environment. First-class facilities, designed for those who value wellness, sport and gastronomy, are part of the DNA of the Abama lifestyle. There are few places in Europe where you can spend the day playing golf on a magnificent Dave Thomas-designed course, then relax in a luxury spa offering exclusive treatments, and end your day with dinner in a Michelin-starred restaurant.
Abama Resort's real estate communities offer options for all family configurations and use profiles, including licensed holiday apartments (Los Jardines de Abama) ideal for those seeking returns when they’re away; luxury villas (Las Villas del Tenis and Las Atalayas) that come in tourism and freehold varieties designed to the highest standards of quality and aesthetics; and exclusive plots for building bespoke mansions under Abama's architectural guidelines.
The perfect balance between work and personal life awaits you at Abama, where buying a luxury property in Tenerife not only puts you in the center of a quiet and exclusive enclave, but also gives you a real estate asset in one of the most attractive locations in Europe. The stability of the local real estate market and the island's tourism attractions guarantee a safe investment with great potential for appreciation, while businesses will benefit from the special tax incentives, qualified talent, and easy connectivity to global markets. It’s a dream come true and a life choice without compromises, where the Atlantic backdrop is your constant companion.
