Cooperation Agreement between Canary Islands Ministry of Finance and Santa Cruz de Tenerife Business and Commercial Graduates College

Date of Signing

• April 30, 2025

Parties Involved

• Canary Islands' Ministry of Finance and Relations with the European Union
• Santa Cruz de Tenerife Business and Commercial Graduates College

Objective

• To deepen understanding of the Canary Islands' unique Economic and Fiscal Regime (REF) through targeted training and outreach activities.

Goals

• Educate professionals and the general public about the history, importance, and economic impact of the REF.
• Support regional development and fiscal independence.

Activities

• Organize courses, seminars, and workshops.
• Ensure accessibility and straightforwardness of materials.

Funding

• 2,600 euros allocated by the regional government.
• Funding purposes include hiring speakers and covering travel costs to less central islands.
• The college will cover operational costs such as venue rental and materials.

Collaboration and Oversight

• The agreement emphasizes collaboration, transparency, and adherence to legal standards.
• A joint oversight committee will monitor progress.

Expected Outcomes

• Boost local economic knowledge.
• Support informed decision-making among residents and stakeholders.

Additional Notes

The initiative aims to educate both professionals and the general public about the history, importance, and economic impact of the REF, which is crucial for regional development and fiscal independence.