Cooperation Agreement to Promote the Economic and Fiscal Regime of the Canary Islands
Published: May 27, 2025|economy-and-business|Gobierno de Canarias
Cooperation Agreement Between Canary Islands' Ministry of Finance and EU Relations and the Official College of Administrative Managers of Las Palmas
Overview
The Canary Islands' Ministry of Finance and European Union Relations has formalized a cooperation agreement with the Official College of Administrative Managers of Las Palmas to boost awareness and understanding of the region's unique economic and fiscal regime (REF). Signed on May 12, 2025, this pact aims to:
- Organize training sessions, seminars, and outreach activities
- Explain the history, evolution, and economic impact of the REF
- Target professionals, students, and the public
- Clarify how the regime influences Canary Islandsā economy and future prospects
Key Focus Areas
- Ensure information accuracy and combat misinformation about the REF
- Deepen sector knowledge and promote transparency
Implementation Details
- Joint planning and shared responsibilities
- Financial support including a budget of ā¬2,600 for:
- Speakers
- Travel costs for activities outside the capital islands
- Proper communication strategies, including the use of logos and branding for visibility
Duration and Oversight
- Spanning until December 2025 with an option for extension
- Regular evaluations and a dedicated committee to oversee progress
Purpose and Significance
This initiative reflects ongoing efforts by local authorities to:
- Engage residents and professionals
- Promote understanding of the regionās distinctive fiscal framework
- Support the region's economic stability and development
"The partnership aims to clarify how the regime influences Canary Islandsā economy and future prospects."