Map of the Canary Islands
Gran Canaria
Canary archipelago
For those who are concretely interested, we can plan the investment project with internal resources in collaboration with our collaborators in Spain, such as Law Firms, Freelancers, Real Estate Agents, Notary Office in Gran Canaria.
A good practice that we recommend to anyone who wants to diversify their savings with an investment abroad, is to obtain specialized assistance that covers every phase, through a complete consultancy from the beginning of international tax planning to the notarial deed and following.
The Canary Islands are the southern frontier of Europe, traditionally open to African and Latin American markets, and constitute an excellent commercial platform for trade between the north and south, being also a crossroads of the main international trade routes. Its special geostrategic location favors the establishment of centers for business and financial operations, thus favoring the influx of capital, technology transfer and the exchange of services. For more information contact us or come and visit us directly at the agency.
The archipelago of the Canary Islands
The Canarian archipelago is made up of seven main islands of volcanic origin, located off the western coast of Africa, approximately 1,100 km from the Iberian Peninsula and is one of the major seaside destinations for international tourism.
From an administrative point of view, this archipelago is divided into two provinces:
Las Palmas , on which Gran Canaria, Lanzarote and Fuerteventura depend.
Santa Cruz de Tenerife , on which Tenerife, La Palma, La Gomera and El Hierro depend.
It also has a double capital which is divided between Las Palmas de Gran Canaria and Santa Cruz de Tenerife.
The Canary Islands, due to their strategic location, being in a sub-tropical zone, in the Atlantic Ocean off the sub-Saharan coast, allow their inhabitants to enjoy an enviable quality of life, in a unique natural environment, having a spring-like climate all year round, with an average annual temperature that varies between a minimum of 18 °C and a maximum of 25 °C.
We would like to point out that the humidity percentage is very low EVEN IN SUMMER and the climate is certainly not as muggy as in Italy even during the hottest period.
The island of Gran Canaria is the southernmost island of the Canarian archipelago , it has a population of 1,716,276 inhabitants in addition to a high concentration of tourists throughout the year, on a total surface area of 7,447 km², it has a maximum height above sea level of approximately 1,950 metres and overall has the best climatic and tourist conditions.
The Canary Islands have a somewhat younger population than other communities in Spain, with the population under 30 years of age accounting for approximately 51%.
In Tenerife and Gran Canaria , on the other hand, there are also more opportunities to find and visit locations that are not very windy and where it is possible to practice sports and hobbies, the most important of which is golf.
As described above, the southernmost area of the island of Gran Canaria, called Playa Del Ingles and Maspalomas , “where you can make your real estate investments”, enjoys a continuously sunny climate where the winds, not hindered by the reliefs further north, allow for always clear skies.
The island of Gran Canaria is an excellent destination to escape from frequently rainy situations and/or from a scorching heat to enjoy a drier and more temperate one.
Furthermore, here you can enjoy tourist activity from January to December, with a climate that is always spring-like, participating in various tourist attractions such as the most important in February or March, the magnificent Carnival of Gran Canaria and/or Tenerife.
We would like to point out that on the island of Gran Canaria in Maspalomas there is the International Golf Course , a very popular destination for tourists.
Precisely because of its characteristics, the Canary Islands, especially the island of Gran Canaria , offer fascinating places, with scenarios that change frequently in the space of a few kilometers, stimulating the interest of people who see the islands as an ideal place to spend holidays even for long stays and/or to spend part of their life, as well as to make real estate investments to obtain good profits.
The unique natural conditions of this archipelago and its geographical location are the factors that lead many investors, entrepreneurs and professionals to consider the realization of a business project.
The climate
Since 1800, the Canary Islands have been recommended as a place for the treatment of certain respiratory tract diseases, both rheumatic and epidermal.
In fact, the relaxation, health and well-being that the Canary Islands offer have made Gran Canaria popular for the tourism industry that is now so well developed, organised and consolidated.
The climate is influenced by warm winds and the ocean waters are tempered by the influence of the current coming from the Gulf of Mexico.
The climate of the individual islands is influenced and conditioned by their geomorphological conformation.
In fact, the reliefs that characterise some islands hinder the paths of the winds coming from the north, giving rise to two different climatic conditions:
- * cool, humid and rainy where the winds arrive and make their influence felt.
- * dry and sunny where they cannot reach or where I can flow away without any obstacle ( Playa del Ingles and Mas Palomas )
The windiness of the islands is a characteristic that is much sought after and appreciated by sportsmen who practice surfing, windsurfing, kitesurfing etc., which can be found in certain locations in Tenerife and Gran Canaria but more widely on some coasts of Lanzarote and especially in Fuerteventura .
The climate, the typical vegetation and its landscapes, make the Canary Islands a continuous attraction, making it one of the favorite tourist destinations for European citizens between leisure and relaxation, as well as a unique environment for residents, since its location between Europe and America allows a favorable business activity.
Quality and cost of living
The liveability of the Canary Islands is not only preferred for the landscape-environmental, cultural, leisure and entertainment, relaxation and well-being aspects, but also for other factors listed below:
1 hour less than Italy (even when daylight saving time is in effect in Italy).
The Autonomous Community of the Canary Islands was officially established on 16 August 1982, the date on which its Statute of Autonomy came into force.
Being in Spanish territory, the Canary Islands enjoy all the rights and positive effects of being part of the European Union, as well as benefiting from a reduced tax regime compared to that in force in mainland Spain and in many other European countries.
It should be noted that the Canary Islands are NOT locations identified as “Tax Havens”, therefore they are NOT included in the infamous “Black List” used by all the competent Authorities and Functions in tax matters.
The Autonomous Communities of the Canary Islands are recipients of Community funding sources.
The Canary Islands, classified as an objective region no. 1, enjoys privileged access to Community structural funds.
Most of the major national and international banks are represented in the Canary Islands, where approximately 40 banking entities operate.
We recommend summer beachwear, which is very practical, but don’t forget some spring items for cool evenings.
The currency adopted since 1 March 2002 is the EURO.
Spanish. The most commonly spoken languages are English, French and German; knowledge of the Italian language is also widespread, due to the presence of communities on various islands and for tourism.
To enter the Canary Islands, a valid identity card or individual passport is sufficient.
The Health Service is guaranteed by means of facilities that allow, practically, the coverage of the entire territory. It is advisable to carry your health card with you.
To call Italy from the Canary Islands, dial 0039 and then the number of the desired user.
To call the Canary Islands from Italy, dial 0034 and then the number of the desired user.
The provincial prefixes are:
– 922 for Tenerife, La Palma, La Gomera and El Hierro;
– 928 for Gran Canaria, Lanzarote and Fuerteventura.
Many restaurants serve international cuisine, depending on the island you visit there are various specialties with a clear prevalence of fish-based dishes.
During your stay in the Canary Islands it is easy to find agencies in Italy.
In the Canary Islands, excellent communication with Europe, Africa and America is guaranteed, with various international telecommunications companies and with the most advanced data and information transmission technologies (Internet via ADSL).
Due to its location and geographical layout, the Canary Islands have important maritime and air infrastructures which, together with the land infrastructure, ensure rapid and efficient transit of people and goods.
The archipelago has a large network of commercial, fishing and sports ports, which represent an obligatory step between Europe, America and Africa.
The presence of two important ports such as Tenerife and Gran Canaria have allowed, for centuries, the arrival of goods and people from the American, African and European continents.
From these ports there are services for the transport of people and goods to the other islands.
All the islands have International Airports that guarantee a series of flights daily for the connection services and transport of people and things with the other Islands of the archipelago and in the world.
Tenerife has 2 International airports.
Gran Canaria has 1 International airport.
Fuerteventura has 1 International airport.
Lanzarote has 1 International airport.
Gomena, El Hierro and La Palma have airports to ensure internal connections. La Palma also receives international flights.
The only industries that can be harmful to the environment are refineries and fuel depots.
There are no industries that can produce, emit or disperse polluting substances.
The presence of the wind facilitates the continuous recycling of the area.
The main activity of the Canary Islands is tourism.
The following factors have a significant impact on the reduction in the cost of living:
– Lower taxation and simpler mechanisms.
– Indirect taxation
– Zero heating costs. Air conditioning is more of an optional than a real need.
– Reduction in clothing costs as seasonal needs for cold periods disappear.
– For families, as for businesses, the cost of fuel is lower.
The particular status of Spanish autonomous region, still today places the Canary Islands in a position to offer, thanks to particular fiscal conditions (the IGIC equivalent to our VAT equal to 5%), great opportunities to those who want to undertake or simply settle in this area.
There is no smog in the Canaries, both thanks to a policy of environmental preservation and to continuous ventilation; water and land pollution is non-existent.
The protection of Canarian citizens does not only concern health but also safety; thanks to a system of prevention and control, crime and violent acts are practically non-existent.
The subject resident in the Canary Islands, for travel both within the archipelago and towards the continent, is entitled to a discount for the use of means of transport whether by land, sea or air.