Which Canary Island is the best and cheapest to visit?
- Fuerteventura: this is the perfect Canary Island for you if you love beautiful miles long beaches and water sports.
- Lanzarote: very different from Tenerife or Gran Canaria.
- La Gomera: here you can escape the crowds and embrace nature and La Gomera’s wild scenery.
What’s better Tenerife or Gran Canaria?
Go for Tenerife if you prefer popular tourist destinations with great restaurants and nightlife. On the other hand, Gran Canaria is your best bet if you want to explore the breathtaking landscapes and outstanding beaches.
Are the Canary Islands a tax haven?
Due to their marginal geographic location, the Canary Islands are an official, EU-recognised tax haven, with corporate tax of barely 4%. Nevertheless, this special tax rate only applies to companies established within the Canary Islands Special Zone (ZEC). The term “special zone” can be confusing.
Which is the smallest Canary Island?
Is Canary Islands classed as Spain?
Yes, the Canary Islands are considered to be part of Spain. The islands are Spanish territory. However, the Canary Islands is exempt from the FCO advice against all non-essential travel to Spain.
Is Tenerife classed as Spain?
Tenerife, which is part of the Canary Islands, is an autonomous region of Spain. These islands lie just off the coast of northwest Africa, about 100km west of Morocco. Tenerife is still controlled from the Spanish central government but has its own political management.
Are the Canary Islands part of the EU for duty free?
The Canary Islands are an Autonomous Community within Spain and, although the archipelago is part of the EU, it has not signed up to the same duty free agreements. There are, therefore, restrictions on what you can bring in and take out of the Canary Islands – even when travelling to and from other parts of the EU.