Serving companies in the Canary Islands
Tax advisors for Canary Islands companies, SMEs and the self‑employed
Economists and lawyers since 1989. We handle the tax, accounting, payroll and legal matters of companies in the Canary Islands, taking into account IGIC and the incentives of the Canary Islands Economic and Tax Regime (REF).
Why Ruiz & Asociados
Your trusted advisors
for Canary Islands businesses
For more than three decades we have supported SMEs, self-employed professionals and entrepreneurs. We serve companies in Gran Canaria, Tenerife and the other islands taking into account the Canary Islands Economic and Tax Regime, with the same follow-up as any of our clients.
Economists and lawyers work together, so your tax, employment and legal matters are coordinated from one firm.
- IGIC, RIC, ZEC and REF deductions in the Canary Islands
- Tax, employment and legal matters coordinated in one firm
- Digital documents and e-signature, no need to travel
- Digital management with Holded: your numbers always up to date
Our services
Tax, employment and legal
under one roof
Economists and lawyers working together so you don’t have to coordinate several professionals: your tax advisors in the Canary Islands with everything in one firm.
Tax advice
Taxes, tax planning and representation before the Spanish Tax Agency, so you pay what’s fair and always meet deadlines.
Employment advice
Payroll, contracts, Social Security and HR management with no errors or penalties.
Accounting
Up-to-date bookkeeping under the Spanish General Accounting Plan, annual accounts and statutory books.
Company formation
We help you choose the right legal structure and handle all the paperwork.
Commercial law
Contracts, shareholder agreements, corporate transactions and disputes between partners.
Insolvency proceedings
We guide you through insolvency to protect your company and your assets.
Audit
Statutory audits and independent reviews for companies and organisations.
Inheritance and succession
Wills, acceptance of inheritances and succession planning using the regional inheritance tax reliefs in the Canary Islands.
High net worth
Long-term planning and protection of family and business wealth.
Economic and Tax Regime
Tax advisors in the Canary Islands:
IGIC, RIC and ZEC
The Canary Islands have their own tax regime, the REF, recognised by the European Union. IGIC applies instead of VAT, and companies have incentives that do not exist on the mainland, such as the Investment Reserve or the Canary Islands Special Zone.
7% instead of 21% VAT
The Canary Islands General Indirect Tax replaces VAT, with a general rate of 7%, a reduced rate of 3%, a zero rate for basic goods and higher rates for some products. It is managed by the Canary Islands Tax Agency, with its own forms such as the quarterly 420 and the annual 425.
Reinvest your profits in the islands
The Canary Islands Investment Reserve lets companies reduce their corporate tax base by up to 90% of undistributed profits (80% of net income for the self-employed), as long as the amount is invested in the Canary Islands within the legal deadline and the assets are kept.
Corporate tax at 4%
New companies registered in the Canary Islands Special Zone pay 4% corporate tax on operations carried out in the islands, with limits based on the jobs created. They must create at least 5 jobs (3 on the smaller islands) and invest €100,000 (€50,000). Registration is open until 31 December 2026.
Exports and customs
Sales of goods between the Canary Islands and mainland Spain are treated as exports and imports: no VAT, but customs clearance, import IGIC and, for some products, the AIEM. We help you invoice correctly and avoid shipping delays.
More information from the Canary Islands Tax Agency and on the Spanish Tax Agency website. Figures based on the rules in force in 2026; before you decide, we review your specific case.
Who we work with
Advice tailored
to your business
We work with SMEs, self-employed professionals and entrepreneurs in every sector, adapting each strategy to their situation and goals. Your tax advisors in the Canary Islands for every type of business.
SMEs and companies
Taxes, accounting and payroll up to date, with reliable figures for decision-making.
Self-employed and professionals
Forget about quarterly returns and find out when it pays to incorporate.
Entrepreneurs
We help you choose your legal structure, set up your company and start out with clear numbers from day one.
Sectors with their own rules
Artists, athletes, content creators and e-commerce.
How we work
A clear process
from day one
No surprises: you know what we do, when we do it and what it costs. This is how your tax advisors in the Canary Islands work, with an orderly method from the first meeting to each year-end.
Initial meeting
We sit down with you to understand your business, your goals and how your company works today.
Full review
We review taxes, accounting, payroll, contracts and corporate structure to spot risks and errors.
Optimisation plan
We look for savings and better decisions: deductions, legal structure, partner remuneration or investments.
Clear proposal
We present a fixed quote with everything the service includes, with no small print.
Getting started
We handle the switch from your previous advisor, organise your documentation and connect your digital tools.
Ongoing support
Reminders before every deadline, a review before year-end and guidance on growth and wealth decisions.
Digital advisory
We are a Holded Gold Partner: your advisors, connected in real time
We work with digital tools so your invoicing, accounting and taxes are connected with your advisor, with no paperwork or waiting. As a Holded Gold Partner, we help you implement it and get the most out of it.
- Invoicing, accounting and sales on a single platform
- Your figures up to date, on your computer or phone
- Digital invoices and receipts, no paperwork
Reviews
What our clients
say about us
Frequently asked questions
Answers
before you
get started
Can’t find what you’re looking for? Call us and we’ll explain, with no commitment. We are your trusted tax advisors in the Canary Islands. You can also check the official information on the Spanish Tax Agency website.
Our office is in Seville and we serve companies, SMEs and self-employed professionals in all the Canary Islands. We work with digital documents, e-signature and video calls, so you never need to travel.
It depends on your invoice volume, whether we also handle your accounting and payroll, and your legal structure. After the first meeting we give you a fixed, no-obligation quote.
If your company is established in the Canary Islands, it charges IGIC, not VAT, on its sales and services in the islands. Goods sold to mainland Spain or abroad are exempt as exports and need customs clearance. We review with you how to invoice in each case.
It depends on your profits and your investment plans. The RIC reduces your tax base if you reinvest in the Canary Islands, and the ZEC applies a 4% corporate tax rate to new companies that meet job and investment requirements. We run the numbers with you before you decide.
You have a dedicated advisor you can call or write to, we remind you before every deadline and share your numbers in real time with Holded. That way your business in the Canary Islands stays up to date with no paperwork or waiting.
News
Latest tax
and employment news
Regulatory changes, deadlines and practical tips from your tax advisors in the Canary Islands to keep your business up to date.
