INVESTING AND LIVING IN GRAN CANARIA
Accelerate your business with these expert tips on "Investing and living in Gran Canaria". Take a look and discover this TIP!
There are several factors that facilitate business development in Gran Canaria. These include the important regional market, influenced by the high tourist demand, the availability of qualified young talent and the existence of a competitive offer of spaces and services for the location of business activities.
Importance of the market and local talent:
With around 850,000 inhabitants, Gran Canaria is characterised as a growing market with many possibilities. Its good connections with other parts of the archipelago and the large number of tourists visiting the island are other positive variables to take into account.
On the other hand, the high percentage of young people and the high level of vocational training is an important asset of the island. This is due to a broad and qualified educational offer, which includes university, technical and vocational training.. In this respect, the high number of students enrolled in technological careers is noteworthy.
Research and development resources:
R&D resources are mainly linked to the University of Las Palmas de Gran Canaria. This institution has 155 research groups with more than a thousand researchers, grouped around eleven research institutes.
The island is also home to the research and experimentation centres and areas of the Canary Islands Oceanic Platform (PLOCAN) and the Canary Islands Technological Institute (ITC).
The most relevant areas of research are related to information and communication technologies, marine biotechnology, renewable energies and environmental conservation.
Tax advantages (+):
Gran Canaria is one of the islands that form part of the Canary Islands, an Autonomous Community belonging to the Spanish State and therefore also to the European Union. As it is a fully integrated territory, the applicable legal regime is Spanish and Community law.
It also has its own Economic and Fiscal Regime, fully compatible with European regulations, thanks to which it is possible to benefit from reduced taxation on business profits and consumption, as well as access to other incentives for business investment.
In the following link you can find more information about taxation in Gran Canaria and the incentives available to foreign investors.
Location and digital connectivity infrastructures:
The island offers a wide variety of locations for companies to set up and start their business.
The most important business parks are those of Arinaga, El Goro, Salinetas and El Sebadal, which are spread over different parts of the island. In them it is possible to find spaces and warehouses for industrial, logistic or commercial activities.
Likewise, the Gran Canaria Technology Park offers different locations with infrastructure adapted for technological and innovative activities, aimed at entrepreneurs or growing companies.
On the other hand, there is a wide range of offices and coworking spaces in the city of Las Palmas de Gran Canaria, where there is also a wide range of offices and coworking spaces in the city of Las Palmas de Gran Canaria, where there is also a wide range of offices and coworking spaces, The main public institutions and some of the island's most important business headquarters are located here.
Broadband access, at more than 10 Mbps, is guaranteed in the main urban centres of Gran Canaria. In addition, the main towns and villages have fibre to the home (FTTH) deployments.
Access to ultrafast networks, at more than 100 Mbps, is offered in the city of Las Palmas de Gran Canaria, in the different sites of the Technology Park and in the industrial estates.
Air and maritime connectivity:
Gran Canaria has magnificent port and airport infrastructures which, despite its island status, guarantee frequent and extensive connections with all European countries and the African continent.
In addition, a powerful area of specialised services has been set up around the port of Las Palmas.
Aerial connections:
Gran Canaria Airport (LPA) connects the island with more than one hundred destinations in Spain, Europe and Africa. In 2019, more than thirteen million passengers passed through the airport, making it the sixth Spanish airport in terms of passenger numbers and the fifth in terms of operations.
Maritime connectivity and port services:
Gran Canaria has two main ports, Las Palmas and Arinaga. The Port of Las Palmas is the most important both in terms of size and volume of cargo and passenger operations. In addition, the activity related to tourist cruise traffic is notable.
It currently has connections with more than 180 ports around the world, of which 22 are direct with West Africa. In addition, the port of Las Palmas has established itself as a benchmark in terms of the provision of services to ships, from repairs to provisioning.
In this respect, the services offered to the oil platforms operating in West Africa stand out. Likewise, the Port of Las Palmas has consolidated its position as a logistics base for UN and Red Cross humanitarian programmes.
Quality of life:
Gran Canaria is an internationally renowned destination for the high quality of life it offers its residents and visitors.
Excellent climate and magnificent natural surroundings:
The island's average temperature of 23ºC and more than 4,800 hours of sunshine a year, as well as its variety of beaches, landscapes, mountains and trails, provide a highly attractive environment that translates into a wide range of outdoor leisure and sporting activities.
Complete and varied range of health and educational services:
The quality of health services in Gran Canaria is on a par with any major European city. In addition, all EU citizens have the right to be seen and treated in the island's health centres and in the two existing public hospitals.
All these facilities provide a first class service to meet the medical needs of citizens and visitors. In addition, private clinics and health centres are also available through insurance companies, thus guaranteeing full health coverage for all foreign nationals.
In terms of education, there are numerous bilingual schools in various languages. In general, there is a wide range of public and public schools at all levels.
Cost of living is lower than in major European cities:
The cost of living in Gran Canaria is significantly lower than in large European cities.
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