Cooperation Pact between Canary Islands Government and Official College of Administrative Managers

Overview

the Canary Islands government has formalized a cooperation pact with the Official College of Administrative Managers of Santa Cruz de Tenerife to boost awareness and understanding of the region's unique Economic and Fiscal Regime (REF). Signed on May 6, 2025, this agreement aims to develop training sessions, seminars, and informational campaigns targeted at professionals and the general public to highlight the origins, evolution, and economic impact of the REF.

This initiative comes as part of a broader strategy to increase transparency and knowledge about the REF, which plays a crucial role in the islands’ economy. The college will organize workshops and outreach activities, while the government will support these efforts through funding, promotional channels, and expert speakers.

Key Components of the Agreement

• Training and Outreach: Development of training sessions, seminars, and informational campaigns.
• Target Audience: Professionals and the general public.
• Activities: Workshops and outreach activities organized by the college.
• Government Support: Funding, promotional channels, and expert speakers.
• Monitoring: A joint committee to oversee execution, ensure compliance, and adapt activities.
• Funding:
  • €2,600 allocated for speaker costs and travel expenses.
  • Additional responsibilities assigned to the college for organizing and delivering activities.

Duration and Future Outlook

The pact is set to remain in force until December 31, 2025, with options for extension.

Significance

This collaboration underscores the region’s commitment to educating residents and stakeholders about its unique fiscal status, which directly affects economic policies, public services, and regional development. By enhancing public knowledge, the authorities hope to:

• Foster greater engagement with the islands’ economic framework.
• Dispel misinformation about the REF.