REASONS TO RELOCATE IN THE CANARY ISLANDS

OPPORTUNITIES

FOR YOUR BUSINESS5

5 REASONS

5 OPPORTUNITIES

CONNECTIVITYREASON 1

CONNECTIVITY Integrated in the main international trade routes, the Canary Islands constitute an excellent com-mercial and logistic gateway between Africa, America and Europe

TELECOMMUNICATIONS

Submarine fiber-optic cable connections

D-ALIX Project, a bridge linking Africa with Europe and America

50 satellites provide communication services in the Canary Islands

The main telecommunication companies operate in the Canary Islands

Weekly direct flights to:

32.5 million pax/year

8 AIRPORTS(6 international airports)

United Kingdom 400Germany 300Africa 41

Estimatedflight time to:Casablanca 02:30 h.Marrakech 02:10 h.Agadir 01:35 h. Nouakchott 01:55 h.Dakar 02:10 h.Praia 02:40 h.

26 COMMERCIAL PORTS

6.6 million pax/year

Freight traffic:39.4 M TM

QUALITY OF LIFEREASON 2

QUALITY OF LIFE Just one step away from Africa, the Canary Islands offer the best climate in the world, with all the infrastructures and the luxury of a cosmopolitan environment

All the infrastructures of a 21st century region

First-class European Health and Education

Cosmopolitan, modern and cheerful atmosphere

Wide and varied cultural and leisure offer

THE CANARY ISLANDS ARE THE “EUROPEAN CALIFORNIA

24º

4,800

summer maximum

NATURAL LIGHT HOURS PER YEAR

22º annual average

16º winterminimum

141

4256

BIOSPHERE RESERVES

KM OF BEACHES

PROTECTED NATURAL AREAS

FULL SERVICES WITH MODERN INFRASTRUCTURES

10328 Hospitals 9 Public and 19 Private

HEALTH Centers 4

2 Public and 2 Private

UNIVERSITIES 19 MARINAS

24 GOLF COURSES

30INTERNATIONALSCHOOLS

4 NATIONAL PARKS32 CINEMAS

29 SHOPPING CENTERS

CULTURE AND SPORTS IN THE CANARY ISLANDS

THE CANARY ISLANDS MUSIC FESTIVAL

OPERA FESTIVAL

THEATRE, MUSIC AND DANCE FESTIVAL

VENUE OF THE WINDSURF WORLD CUP

POINT OF DEPARTURE OF THE ATLANTIC RALLY FOR CRUISERS (ARC)

E.U. LEGAL FRAMEWORKREASON 3

E.U. LEGAL FRAMEWORK Integrated in the European Union legal system, the Canary Islands offer total guarantee in the matter of security and protection to individuals and companies.

Full application of the EU legal system:

We are familiar with all the internationalanti-corruption measures:

THE CANARY ISLANDS ARE INTEGRATED WITHIN THE INTERNATIONAL FISCAL TRANSPARENCY REGULATIONS.

The Canary Islands have extremely transparent fiscal regulations, fully approved by the European Union and Double Treaty Agreements signed by Spain. Recently, several actions have been adop-ted to combat tax avoidance and offshore tax evasion by the OECD and the G20 governments. These transparent fiscal regulations, administered by the Economic and Fiscal Regimen of the Canary Islands (REF), benefit companies through legal process cost reductions.

WORKFORCEREASON 4

WORKFORCECompanies can expect to rely on qualified personnel and expertise while operating in the Canary Islands.  The Canary Islands possess a solid know-how in key sectors, and have an excellent human resources unit to assist the needs of the companies settled in the Canaries for operating in neighboring countries.

TERRITORIAL DEVELOPMENT AND PLANNING

PORT SECURITYAND LOGISTICS

ENVIRONMENT

RENEWABLE ENERGIES

CIVIL INFRASTRUCTURE

LABOR POWER

50,000 UNIVERSITY STUDENTS being trained

2 PUBLIC + 2 PRIVATE UNIVERSITIES

146 PROFFESIONAL TRAINING CENTERS

15 OFFICIAL SCHOOLS OF LANGUAGES

AVERAGE COST PER EMPLOYEE (2013))

E.U.2.979 €

SPAIN2.580 €

CANARY ISLANDS2.164 €

TAX INCENTIVESREASON 5

TAX INCENTIVESAs an EU outermost region, the Canary Islandshave an Economic and Tax System (REF) of their own,fully approved by the EU, which applies double taxa-tion conventions and fiscal transparency.

The Economic and Tax System offers incentives to those that establish and develop their businesses in the Canary Islands.

The opportunity to pay lower Corporation Tax rates

(RIC)

compared to the rest of the Spanish territory

Multiple tax exemptions in INDIRECT TAXATION

exceptional economic advantages:

% EU CORPORATE TAX RATES 2013Source: Sociedad Canaria del Fomento Económico S.A. PROEXCA 2013

France

Belgium

Spain

Germany

Italy

Greece

Portugal

Netherlands

Denmark

Finland

UE

United Kingdom

Poland

Ireland

0 10 20 30 40

THE CANARY ISLAND

36,1

34

30

29,8

27,5

26

25

25

25

24,5,1

23

23

19

12,5

4%ZECCORPORATION

TAX RATE

4%

LOGISTICPLATFORMOPPORTUNITY 1

CANARY ISLANDS

LOGISTIC PLATFORMThe Canary Islands is the ideal location for establi-shing the headquarters of companies that operate in Africa. Employees and their families enjoy the best climate in the world, with the highest European stan-dards in health services and quality of life.

HIGHEST EUROPEAN STANDARD

LEGAL SECURITYPOLITICAL STABILITYQUALITY SERVICESWORLD-CLASS INFRASTRUCTURES

HEALTH AND EDUCATION

THE BEST CLIMATE IN THE WORLD

28 HOSPITALS9 public and19 private

4,800 NATURAL LIGHT HOURS PER YEAR

22ºCAVERAGE ANNUAL TEMPERATURE

103 HEALTH CENTERS

4 UNIVERSITIES2 public and2 private

30 INTERNATIONALSCHOOLS

JUST ONE STEP AWAY FROM AFRICA

Geo-strategic enclave in the tricontinental route41 weekly flight connections with AfricaMaritime connections to all African ports

OFFSHORE SERVICESOPPORTUNITY 2

OFFSHORE SERVICESWith first-class infrastructures and services, the Canary Islands ports are centers of reference in the Mid-Atlantic for ship and oilrig maintenance and repair works.

18 HECTARES ANCHORAGE AREA

14 KM QUAYS AND BERTHS

5-22 METERS DRAUGHT RANGE

12 TUG BOATS

10 RO-ROBOARDING RAMPS

40STORAGE FACILITIES

300M2 COVERED STORAGE AREA

173M2 OPEN-AIR STORAGE AREA

M2 COLD STORAGE AREA

328 M2 BUNKER STORAGE AREA

INFRASTRUCTURES TENEFIFE INFRASTRUCTURES

PROXIMITY TO STRATEGIC POINTSDistance from the Canary Islands

BY SEA TO NIGERIA >>>> 1940 milesBY SEA TO ANGOLA >>>> 3200 miles

ANGOLA

NIGERIA

RepairsSheet metal worksSuppliesInspectionsQuality controlWater analysis and water treatment(up to 18 different services)

6.6 MILLION PAX

593 SHIPS 11 OIL RIGS

39.4 MILLION MT FREIGHT TRAFFIC

ACTIVITY IN THE CANARY ISLANDS PORTS IN 2013

OFFSHORESERVICES

REPAIRS CARRIED OUT ATCANARY ISLANDS PORTS IN 2012

18 HECTARES ANCHORAGE AREA

16.8 KM QUAYS AND BERTHS

6-16 METERS DRAUGHT RANGE

5 TUG BOATS

128700

M2 COVERED STORAGE AREA

41M2 OPEN-AIR STORAGE AREA

M2 COLD STORAGE AREA

STORAGE FACILITIES

NATURAL RESEARCH LABOPPORTUNITY 3

BIODIVERSITY

of the Spanish biodiversity is concentrated in the Canary Islands

RENEWABLE ENERGIES

INFRASTRUCTURES:

2,500 hours/yearSunlight

1,700 h.production of photovoltaic systems

5-6KWh/m2Radiation

SOLAR ENERGY:

6-8 m/sAverage wind speed

3,000-4,000 h.Equivalency

WIND POWER:

ITCInstitutoTecnológicode Canarias

ITERInstituto Tecnológico deEnergías Renovables

INFRASTRUCTURES:

14,000 Terrestrial endemic species

5,500 Marine endemic species

600 Endemic plants

BEASPANISH BANK OF ALGAE

PLOCANOCEANIC PLATFORMOF THE CANARY ISLANDS

SCIENCE AND TECHNOLOGY FOR INTERNATIONAL COOPERATION

International cooperation projects developed by the Canary Islands:

The Centre of Research Applied to Renewable Energies, Desalination and Cooling of the University of Nouakchott, Mauritania, with the support of the Instituto Tecnológi-co de Canarias

The University Institute for Tropical Diseases, in the island of Tenerife, co-financed by Senegal

Advice to the Government of Cape Verde in the matter of water

management from the energy and sustainability points of view

Use of renewable energy to provide electricity to villages and isolated rural communities in West African countries

Development and implementation of small autonomous desalination plants powered by renewable energies

INSTITUTO DEASTROFÍSICA DE CANARIAS

Provides support to more than70 institutions in 19 countries

OBSERVATORIODEL TEIDE

Tenerife

OBSERVATORIO DELROQUE DE LOS

MUCHACHOSLa Palma

GRAN TELESCOPIO DE CANARIAS The largest optical and infrared telescope in the world, with a 10.4m diameter primary

NATURAL RESEARCH LAB The geographical and environmental conditions make the Canary Islands an excellent natural research labora-tory for the development and testing of new technologies, which may subsequently be implemented at continental level.

STRATEGIC BASE FORHUMANITARIAN AIDOPPORTUNITY 4

STRATEGIC BASE FOR HUMANITARIAN AIDFor its vicinity and connectivity, the Canary Islands have become a logistics base for Red Cross, United Nations World Food Programme and USAID opera-tions with Africa.

1100 m2storage area for the Food for Peace Programme

6,780

2,500 48h.

m2

PEOPLE IN

808.7 M KgAid managed from the Canary Islands, 2009-2013

Capacity of the aid platform:

RED CROSS HUMANITARIAN LOGISTICS CENTRE IN THE CANARY ISLANDS

UN WORLD FOOD PROGRAMME LOGISTICS CENTRE

One of the 5 logistics centersof this organisation is located at the Canary Islands

USAID

Cruz Roja

Cruz Roja

Canary Islands

SERVICES FOR WEST AFRICAOPPORTUNITY 5

SERVICES FORWEST AFRICAThe Canary Islands are a preferred destination for West African residents due to its first-class health services, excellent educational infrastructure, and wide cultural, commercial, and leisure offerings.

28 HOSPITALS9 public and19 private

103 HEALTH CENTERS

4 UNIVERSITIES2 public and2 private

30 INTERNATIONALSCHOOLS

624 STATE SCHOOLS

118 PRIVATE SCHOOLS

274 VOCATIONAL EDUCATION CENTERS

29 SHOPPING CENTERS

5 WATER PARKS

24 19GOLF COURSES

19 MARINAS

121,0004* HOTEL BEDS

THEATRES

57 MUSEUMS

159,9005* HOTEL BEDS

32 CINEMAS

4 NATIONAL PARKS

HEALTH EDUCATIONCOMMERCIAL AND LEISURE OFFER

CULTURAL OFFER

CINEMA

HOSPITALSCHOOL

SHOPPING CENTRE M

ARKE

T

Film FestivalOpera FestivalThe Canary Islands Music FestivalTheatre, Music and Dance Festival