Watch the video launched by Gran Canaria Investment Promotion authority that explains the reasons.
With a strategic geographical location, the island of Gran Canaria, one of the seven islands comprising the Spanish Archipelago of Canary Islands, has become a magnet for international investors. Located in the Mid Atlantic Ocean about 210 km off the oil rich West African coast and 1,250 km away from mainland Spain and Europe, Gran Canaria prime logistic infrastructure has attracted business related to the oil and mining industry of Africa. Mining companies like Australian Kinross have already located their headquarters in the island to serve its business in Mauritania while rigs from Ghana, Equatorial Guinea or Nigeria queue in Las Palmas Port for their annual check. S3, a Swedish aerospace company, will soon launch zero gravity space flights from the island, while scientist from all over the world are scrutinizing the deep sea searching for the magical chemistry isolated in algae.
The island offers a Special Tax and Economic Regime (REF) within the legal framework of the European Union but with the lowest corporate tax of Europe at 4% and reduced Indirect Tax (IGIC) at 7%. Investments can also benefit from 90% of profit exempted to taxation within the Investment Reserve (RIC). The combination of geography, location and economic incentives has also transformed Gran Canaria in a major movie set with renowned Hollywood movies filmed there, lately, Exodus, from Ridley Scott.
Additionally the island boosts an enviable climate nicknamed “the eternal spring”, never too cold and never too hot. With the best climate of the world according to recent studies, Gran Canaria with a population of less than one million people receives around 3 million tourists annually. But recently, due to the low property prices, Gran Canaria has also become the place to buy a house in Spain. Arab investors are also gliding over the opportunities in the island to buy their dream house, in a dreamland.
Our latest investment report on Kuwait was recently published in one of the leading Spanish dailies, ABC. FindMe in Kuwait explores the economic perspectives of Kuwait and the country´s future plans to compete with its fast developing neighbours. Once the leading country of the Gulf, Kuwait has remained silent for the past decade. And although many would like to see faster changes, Kuwait is moving, at its pace, to them. Inexorably. Learn about who is who in Kuwait and read what the leaders say about their own future in our upcoming release: FindMe in Kuwait Mobile app.
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Global Gulf Consulting has concluded its latest production on Bahrain, FindMe in Bahrain giving the country a fresh approach after a couple of difficult years of local demonstrations that matched the global recession. Bahrain is a small island in the Arabian Gulf with an incredible potential for logistics, industries and tourism. FindMe in Bahrain was supported by both the public and private sector of Bahrain. Banagas, Nass Corporation, BBK and DHL were GGC strategic partners in the development of the series among others.
FindMe in Bahrain is available at the local bookstores Jashamal and online as well as in the Apple Store. It is a full business leisure and business guide for any investor or visitor interested in traveling to Bahrain or for those that already live there.
FindMe in Saudi offers a multi-faceted overview combining business and leisure, economy and heritage. The book aims to capture the current development of Saudi Arabia in the words of the people who live and work there. It is an authoritative source of information for investors, businessmen and travellers produced to firmly position KSA as an attractive investment destination.
In contains general information about the country´ economic performance and who is who as a sectorial overview and a leisure guide.
They are talking about us. Read what the media is saying about GCC and its publications.
GLOBAL GULF CONSULTING
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