Through SINGULAR.FUND, we address one of the historic demands of RIC investment: providing profitable and alternative projects to traditional sectors, tailored to the needs and regulations of investors.
Similarly, through L34RN, we teach entrepreneurs and project creators about the advantages of the Canary Islands Economic and Fiscal Regime (REF).
When it comes to the Canary Islands Investment Reserve (RIC), there are many questions, so we aim to clarify some key points.
We always recommend verifying everything on the dedicated page of the Spanish Tax Agency for the most accurate information.
What is the RIC?
A tax incentive that allows a reduction of up to 90% of taxable income under Corporate Tax, provided the profits are reinvested.
It also applies to Personal Income Tax (IRPF) with an 80% reduction in the total tax liability for net operating income, based on the average tax rate.
What is the promotional milestone of the RIC?
It serves as a unique and extraordinary source of financing by enabling self-financing or reinvestment in other companies and sectors in the Canary Islands.
An instrument that strengthens the Net Asset Value of the company and ensures permanently renewed assets.
Who can benefit from the RIC?
- All companies and other legal entities subject to Corporate Tax with a permanent establishment in the Canary Islands, regardless of where they are domiciled.
- Individuals subject to Personal Income Tax (IRPF) who conduct their business activities in the Canary Islands, whether their net income derives from business or professional activities under the direct estimation method.
- Non-resident individuals and entities operating in the Canary Islands through a permanent establishment.
How can the RIC be invested or materialized?
The RIC can be invested in:
- The creation or expansion of an establishment, of any type and in almost any sector.
- The diversification of an establishment to produce new products.
- The substantial transformation of the production process of an establishment.
Specific examples of eligible investments include:
- Subscription of shares or equity in the creation or capital expansion of companies (including ZEC entities).
- Productive business investments.
- Initial investments in land (developed or undeveloped).
- Job creation.
- Financial instruments issued by financial entities.
- Public debt.
- Public organizations.
- Entities with the corresponding administrative concession or authorization.
- Transportation and communication networks.
TODO ES SINGULAR offers strategic consulting services specialized in the uniqueness of the Canary Islands, as well as a portfolio of projects suitable for RIC materialization.
