HOW TO BECOME A ZEC ENTITY

Prior authorization to register an entity in the Official Register of the Canary Islands Special Zone Entities (ROEZEC)

If you want to set up a project under the ZEC regime, you must provide, before the ZEC Consortium, an application form for authorization and a report, using the standard model. These documents will be presented together with:

  • A copy of the ID or passport of the applicant
  • A documentary proof of deposit or guarantee for the amount of the registration fee
  • Professional or business profile of the applicant and the technical training from the staff intended to hire, unless it is described in the report
  • Bank Comfort Letter from the applicant
  • Any other relevant documentation to better understand the scope of the business project

The Consortium Board, after receiving a favourable report from the Technical Commission, shall grant or deny the authorization, expressly, within the space of two months to be counted from the date of reception of the application at the ZEC Consortium.

The technical staff attached to the Investor Service Agency, in the corresponding office of the ZEC, shall inform and advise the applicants to fulfil the formalities.


Application form to register an entity in the Official Register of the Canary Islands Special Zone Entities (ROEZEC)

Once the authorization has been granted, the applicant will have 18 months to request the registration in the ROEZEC, which may be renewed for other 9 months ex officio or at the request of the applicant. For this purpose, the applicant must provide before the ZEC Consortium the standard model of the application form accompanied by:

  • A simple copy of the Article of Association presented before the Commercial Registry
  • Tax identification number of the entity

The documentation provided shall match with the granted prior authorization. The registration in the ROEZEC must occur within the space of ten days, to be counted from the day on which the documents are presented.

The technical staff attached to the Investor Service Agency, in the corresponding office of the ZEC, shall inform and advise the applicants to fulfil the formalities.