Goods placed in a Free Zone are exempt from the payment of taxes, tariffs or indirect taxes, until their final destination is decided. If the goods are re-exported no arbitrage of any type needs to be paid.
It allows companies, which meet certain operational, investment and employment requirements, to pay tax at reduced rates on its income tax.
RESERVE FOR INVESTMENTS IN THE CANARY ISLANDS (RIC)
It is a reserve for future investments, which allows a refund of the corporate tax base.