Cooperation Agreement to Promote Knowledge of Canary Islands' REF

Participants

• Canary Islands government
• University of Las Palmas de Gran Canaria
• Canary Employers' Confederation

Purpose

• Promote knowledge of the region's unique economic and fiscal regime, known as the REF.
• Organize and award prizes for the best undergraduate theses focused on the REF’s principles and their impact on the Canary Islands' development.

Key Details

• The initiative aims to foster academic research to enhance understanding of the region's special tax and economic framework.
• This understanding is important for:
  • Attracting investment
  • Promoting local entrepreneurship
  • Shaping public policy

Funding and Jury

• A €6,000 fund distributed among the top three thesis winners.
• A joint jury, comprising representatives from the university, the government, and the business group, will decide the winners.

Activities

• Promotional activities
• Shared responsibility in organizing award events

Strategic Goals

• Boost regional development
• Showcase the unique fiscal advantages of the Canary Islands
• Support educational growth and economic vitality

Duration

• The agreement will be in force until the end of 2026, with potential for extension.

This effort highlights the government’s effort to foster academic research that enhances understanding of the region's special tax and economic framework—an important factor for attracting investment, promoting local entrepreneurship, and shaping public policy.