Extension of Cooperation Agreement to Promote the Economic and Fiscal Regime of Canary Islands
Extension of Cooperation Agreement between Canary Islands' Ministry of Finance and the Official College of Economists
Overview
On December 29, 2025, the Canary Islands' Ministry of Finance officially extended its cooperation agreement with the Official College of Economists of Santa Cruz de Tenerife until December 31, 2026.
This agreement, originally signed in late 2024, aims to promote understanding of the Canary Islandsā unique Economic and Fiscal Regime (REF) through various training and outreach activities.
Funding and Activities
- The extension will fund activities in 2026 with ā¬3,900.
- Funds will cover speaker fees and travel costs for events outside the capital islands.
- The College will support organizing and managing these events.
- Ensures ongoing dissemination of information about the REF.
Significance
"This move highlights the regional governmentās effort to deepen awareness of the incentives and economic advantages available to residents and investors, which is critical amid ongoing economic development and potential reform discussions in the region."
The agreement underscores the importance of continuous collaboration to boost regional economic knowledge.
Future Outlook
- The extension allows for a possible second-year renewal in 2027 if both parties agree.
- Emphasizes the importance of sustained efforts in promoting economic understanding.