THE CANARIESJUST ONE STEP

AWAY FROM AFRICA

ALL THE ADVANTAGES OF EUROPE JUST 90 KM AWAY FROM AFRICAWith all the infrastructures, services and advanta-ges of the European lifestyle, the Canary Islands enjoy a privileged geo-strategic position to operate ef�ciently in Africa.

AN ESSENTIALGEO-STRATEGICENCLAVE IN THE TRICONTINENTAL

ROUTE

International airports

Commercial ports

Marinas Road network6 26 20

4,467km

INFRASTRUCTURES

2013 GDP: €18,873

> Fully integrated in the EU and in the € area

> Maximum legal guarantee

> Great tax advantages

> Double taxation conventions

> Headquarters for expatriates in Africa

> All the infrastructures of a 21st century region

> First-class European Health and Education

> Best climate in the world, 22ºC average annual temperature

> Cosmopolitan, modern and cheerful atmosphere

> Wide and varied cultural and leisure offer

> 41 weekly air connections

> Maritime connections to all the ports in the area

> D-ALIX, neutral internet exchange point linked to Africa

EUROPEAN REGION

WITH QUALITY OF LIFE

JUST ONE STEP AWAY FROM AFRICA

90 KM

POPULATION

2 MILLION INHABITANTS

12 MILLION TOURISTS/YEAR

INTERCONTINENTAL CONNECTION POINTIntegrated in the main international trade routes, the Canary Islands constitute an excellent com-mercial and logistic, gateway between Africa, America and Europe.Weekly

direct �ights to:

32.5 million pax/year

8 AIRPORTS(6 international airports)United Kingdom 400

Germany 300Africa 41

Estimated�ight time to:Casablanca 02:30 h.Marrakech 02:10 h.Agadir 01:35 h. Nouakchott 01:55 h.Dakar 02:10 h.Praia 02:40 h.

41 COMMERCIAL PORTS

6.6 million pax/year

Freight traf�c:39.4 M TM

TELECOMMUNICATIONS

Submarine �ber-optic cable connections

D-ALIX Project, a bridge linking Africa with Europe and America

50 satellites provide communication services in the Canary Islands

The main telecommunication companies operate in the Canary Islands

LIVING IN EUROPE AND WORKING IN AFRICA Just one step away from Africa, the Canary Islands offer the best climate in the world, with all the infrastructures and the luxury of a cosmopolitan environment

THE CANARY ISLANDS ARE THE “EUROPEAN CALIFORNIA”

24º

4,800

summer maximum

NATURAL LIGHT HOURS PER YEAR

22º annual average

16º winterminimum

141

4256

BIOSPHERE RESERVES

KM OF BEACHES

PROTECTED NATURAL AREAS

10328 Hospitals 9 Public and 19 Private

HEALTH CENTRES 4

2 Public and 2 Private

UNIVERSITIES 19 MARINAS

24 GOLF COURSES

30INTERNATIONALSCHOOLS

4 NATIONAL PARKS32 CINEMAS

29 SHOPPING CENTRES

FULL SERVICES WITH MODERN INFRASTRUCTURES

CULTURE AND SPORTS IN THE CANARY ISLANDS

THE CANARY ISLANDS MUSIC FESTIVAL

OPERA FESTIVAL

THEATRE, MUSIC AND DANCE FESTIVAL

VENUEOF THE WINDSURF WORLD CUP

POINT OF DEPARTURE OF THE ATLANTIC RALLY FOR CRUISERS (ARC)

MAXIMUM GUARANTEE OF LEGAL SECURITYIntegrated in the European Union legal system, the Canary Islands offer total guarantee in the matter of security and protection to individuals and com-panies.

Full application of the EU legal system:• Data protection

• Free competition

• Financial regulations

We are familiar with all the internationalanti-corruption measures:• US FCPA Due Diligence

THE CANARY ISLANDS ARE INTEGRATED WITHIN THE INTERNATIONAL FISCAL TRANSPARENCY REGULATIONS.

The Canary Islands have extremely transparent �scal regulations, fully approved by the European Union and Double Treaty Agree-ments signed by Spain. Recently, several actions have been adopted to combat tax avoidance and offshore tax evasion by the OECD and the G20 governments. These transparent �scal regulations , administered by the Economic and Fiscal Regimen of the Canary Islands (REF), bene�t companies through legal process cost reductions.

THE BEST TAX SYSTEM IN THE EU, WITH A 4% CORPORATION TAX RATEAs an EU outermost region, the Canary Islandshave an Economic and Tax System (REF) of their own,fully approved by the EU, which applies double taxation conventions and �scal transparency.

The Economic and Tax System offers incentives to the creation and development of companies established in the Canary Islands

The opportunity to pay lower Corporation Tax rates

• 4% fixed Corporation tax rate for ZEC companies

• Reduction of up to 90% of non-distributed net pro�t from taxable base (RIC)

• 50% tax rebate for production of tangible assets

• Allowances for investments in strategic sectors more advantageous than in the rest of the Spanish territory

Multiple tax exemp-tions in INDIRECT TAXATION

Settling in a FREE TRADE ZONE entails exceptional econo-mic advantages:

• Economic advantages for import, export and inward processing of goods

• For forming a company

• For the increase of capital

• For the acquisition of investment property

% EU CORPORATE TAX RATES 2013Source: Sociedad Canaria del Fomento Económico S.A. PROEXCA 2013

France

Belgium

Spain

Germany

Italy

Greece

Portugal

Netherlands

Denmark

Finland

UE

United Kingdom

Poland

Ireland

4%0 10 20 30 40

THE CANARY ISLAND

36,1

34

30

29,8

27,5

26

25

25

25

24,5,1

23

23

19

12,5

4%ZECCORPORATION

TAX RATE

4%

WEST AFRICA, AN EVER-GROWINGAREAAccording to the 2014 African Economic Outlookthe ECOWAS countries and those countries in the geographical environment of the Canary Islands will grow more than 7% in 2015.

54

1

US$2

US$400

35

35

1720%

5.5%

26

3

US$857

SOVEREIGN STATES

BILLION PEOPLE

TRILLION Africa’s collective GDP(more than India, less than Brazil

compound growth in FDI projects 2007-11

AFRICAN COUNTRIES among the 10 fastest growing economics in the world 2010-15

Africa’s share of globalFDI projects

STATESform the Tripartite Free Trade Agreement

of the top 5 fastest growing investors into new projects in Africa are africans

billion funding for African infrastructures in 2010

billion South Africa’sinfrastructure program

African countries ahead of Russia on Transparency International’s corruption perception index

African countries ahead of China on the EIU’s democracy index

African countries ahead of India on the World Bank’s doing business index

AFRICA BY NUMBERS

ESTIMATED GROWTH

GDP CPI 4,1 2,9 BENIN 5,5 2,8 BURKINA FASO 5,2 2,5 CAPE VERDE 5,5 3,1 IVORY COAST 5,6 5 THE GAMBIA 7,7 7,7 GANA 5,5 10,1 GUINEA CONAKRY 4,9 1,9 GUINEA BISSAU 6,6 6,5 EQUATORIAL GUINEA 7,2 5,7 LIBERIA 4,8 1,8 MOROCCO 4,9 6,4 MAURITANIA 5,1 2,2 MALI 6 2,7 NIGER 6,6 8,4 NIGERIA 4,7 1,9 SENEGAL 6,2 9,4 SIERRA LEONA 4,4 3 TOGO

Source: Ernst & Young, Africa by numbers

41 weekly direct �ightsto Africa

DIRECT FLIGHTS

MARITIME CONNECTIONS

SUBMARINE CABLE

BEN

IN

BURKINA FASO

CAPEVERDE

CANARYISLANDS

COTEDIVORE

GAMBIAGH

ANA

TOGO

GUINEACONAKRY

GUINEA BISSAU

EQUATORIALGUINEABata

LIBERIA

MAURITANIA

MOROCCO

MALI NIGER

NIGERIA

SENEGAL

SIERRA LEONE

Agadir

Laâyoune

Dakhla

Nouadhibou

Nouakchott

PraiaSal

Marrakesh

Casablanca

400 weekly direct �ightsto UK

300 weeklydirect �ightsto Germany

EXCELLENT AIR AND MARITIME CONNECTIVITY AND LATEST-TECHNOLOGY TELECOMMUNICATIONSWeekly �ights to the main European and African cities, maritime connections to all the main international ports and latest-technology telecommunications ensure a global connectivi-ty from the Canary Islands.

MARITIME CONNECTIONS

SUBMARINE CABLE

DIRECT FLIGHTS

AIR CONNECTIVITY

8 AIRPORTS(of which, 6 international)

32.5 million pax

43.4 M TMFreight traf�c

MARITIME CONNECTIVITY

26 Commercial ports

6.6 million pax

39.4 M TMFreight traf�c

THE CANARY ISLANDS, THE BEST NATURAL RESEARCH LABORATORYOF THE ATLANTICTheir geographical and environmental conditions make the Canary Islands an excellent natural research laboratory for the development and testing of new technologies, which may subse-quently be implemented at continental level.

INSTITUTO DEASTROFÍSICA DE CANARIAS

Provides support to more than70 institutions of 19 countries

OBSERVATORIO DEL TEIDE Tenerife

OBSERVATORIO DEL ROQUE DE LOS MUCHACHOSLa Palma

BIODIVERSITY

80% of the Spanish biodiversity is concentrated in the Canary Islands

RENEWABLE ENERGIES

SCIENCE AND TECHNOLOGY FOR INTERNATIONAL COOPERATION

International cooperation projects developed by the Canary Islands:

GRAN TELESCOPIO DE CANARIAS The largest optical and infrared telescope in the world, with a 10.4m diameter primary

INFRASTRUCTURES:

2,500 hours/yearSunlight

1,700 h.production of photovoltaic systems

5-6KWh/m2Radiation

SOLAR ENERGY:

6-8 m/sAverage wind speed

3,000-4,000 h.Equivalencie

WIND POWER:

ITCInstitutoTecnológicode Canarias

ITERInstituto Tecnológico deEnergías Renovables

INFRASTRUCTURES:

14,000 Terrestrial endemic species

5,500 Marine endemic species

600 Endemic plants

BEASPANISH BANK OF ALGAE

PLOCANOCEANIC PLATFORMOF THE CANARY ISLANDS

The Centre of Research Applied to Renewable Energies, Desalination and Cooling of the University of Nouakchott, Mauritania, with the support of the Instituto Tecnológi-co de Canarias

The University Institute for Tropical Diseases, in the island of Tenerife, co-�nanced by Senegal

Advice to the Government of Cape Verde in the matter of water

management from the energy and sustainability points of view

Use of renewable energies for the electri�cation of villages and isolated rural communities in West African countries

Development and implementation of small autonomous desalination plants powered by renewable energies

28 HOSPITALS9 public and19 private

103 HEALTH CENTRES

4 UNIVERSITIES2 public and2 private

30 INTERNATIONALSCHOOLS

624 STATE SCHOOLS

118 PRIVATE SCHOOLS

274 VOCATIONAL EDUCATION CENTRES

29 SHOPPING CENTRES

5 WATER PARKS

2419GOLF

COURSES

19 MARINAS

121,0004* HOTEL BEDS

THEATRES

57 MUSEUMS

159,9005* HOTEL BEDS

32 CINEMAS

4 NATIONAL PARKS

HIGH-STANDARD EUROPEAN SERVICES FOR WEST AFRICA

HEALTH EDUCATIONCOMMERCIAL AND LEISURE OFFER

CULTURAL OFFER

The Canary Islands are a preferred destination for West African residents because they offer �rst-class health services, an excellent infrastructure in the matter of education and a wide cultural, com-mercial and leisure offer.

CINEMA

HOSPITALSCHOOL

SHOPPING CENTRE M

ARKE

T

Film FestivalOpera FestivalThe Canary Islands Music FestivalTheatre, Music and Dance Festival

OPERATING IN AFRICA FROM THE VICINITY OF THE CANARY ISLANDSThe Canary Islands, an ideal location for setting the headquar-ters of companies that operate in Africa. The employees and their families enjoy the best climate in the world with services and a quality of life of the highest European standard.

Services and infrastruc-tures of the highest European standard

LEGAL SECURITYPOLITICAL STABILITYQUALITY SERVICESEducation- Health- Leisure SUPERB CLIMATE

HEALTH AND EDUCATION

THE BEST CLIMATE IN THE WORLD

28 HOSPITALS9 public and19 private

4,800 NATURAL LIGHT HOURS PER YEAR

13º–25ºCAVERAGE ANNUAL TEMPERATURE

103 HEALTH CENTRES

4 UNIVERSITIES2 public and2 private

30 INTERNATIONALSCHOOLS

CANARY ISLANDS

THE CANARY ISLANDS, A GEO-STRATEGIC ENCLAVE FOR OFFSHORE SERVICE

With �rst-class infrastructures and services, the Canary Islands ports are centres of reference in the Mid-Atlantic for ship and oilrig maintenance and repair works.

RepairsSheet metal worksSuppliesInspectionsQuality controlWater analysis and water treatment(up to 18 different services)

18 HECTARES ANCHORAGE AREA

14 KM QUAYS AND BERTHS

5-22 METRES DRAUGHT RANGE

12 TUG BOATS

10 RO-ROBOARDING RAMPS

40STORAGE FACILITIES 6.6 MILLION

PAX

593 SHIPS 11 OILRIGS

39.4 MILLION MT FREIGHT TRAFFIC

300M2 COVERED STORAGE AREA

173M2 OPEN-AIR STORAGE AREA

M2 COLD STORAGE AREA

328 M2 BUNKER STORAGE AREA

PORT OF LA LUZ INFRASTRUCTURES

ACTIVITY IN THE CANARY ISLANDS PORTS IN 2013

OFFSHORESERVICES

PROXIMITY TO STRATEGIC POINTSDistance from the Canary Islands

BY SEA TO NIGERIA >>>> 1940 milesBY SEA TO ANGOLA >>>> 3200 miles

REPAIRS CARRIED OUT ATCANARY ISLANDS PORTS IN 2012

ANGOLA

NIGERIA

18 HECTARES ANCHORAGE AREA

16.8 KM QUAYS AND BERTHS

6-16 METRES DRAUGHT RANGE

5 TUG BOATS

128STORAGE FACILITIES

700M2 COVERED STORAGE AREA

41M2 OPEN-AIR STORAGE AREA

M2 COLD STORAGE AREA

PORT OF SANTA CRUZ DE TENEFIFE INFRASTRUCTURES

1100 m2storage area for the Food for Peace Programme

STRATEGIC BASE FOR HUMANITARIAN AID

6,780

2,500 48h.

m2

PEOPLE IN

808.7 M KgAid managed from the Canary Islands, 2009-2013

Capacity of the aid platform:

RED CROSS HUMANITARIAN LOGISTICS CENTRE IN THE CANARY ISLANDS

UN WORLD FOOD PROGRAMME LOGISTICS CENTRE

One of the 5 logistics centres of this organisation is located at the Canary Islands

USAID

For its vicinity and connectivity, the Canary Islands have become a logistics base for Red Cross, United Nations World Food Programme and USAID operations with Africa.

Cruz Roja

Cruz Roja

Canary Islands

INSTITUTIONAL RELATIONS

The Canary Islands have excellent relationships with the neighboring African countries and have signed different

agreements with Morocco, Mauritania, Senegal and Cape Verde.

Several bilateral agree-ments have been signed with different African countries since the 90s.SMEs

DEVELOPMENT

GOVERNANCE

R&D

RISK PREVENTION

I+D+i

COOPERATION IN KEY AREAS

ENVIRONMENT

The Canary Islands are supported by the EU in order to create a common economic development area with the neighboring African countries. To this effect, European Neighboring and Territorial Cooperation Programs have been carried out between 2007-2013, and then renewed, doubling investment, for the period 2014-2020.

SOLID KNOW HOW

THE CANARY ISLANDS PROVIDE QUALIFIED PERSONNEL AND A SOLID KNOW HOW TO COMPANIES SETTLED IN THEIR TERRITORYThe Canary Islands possess a solid know how in key sectors. Besides, they have potential human resources to serve the needs of the companies settled in the Canaries for operating in their neighboring countries.

TERRITORIAL DEVELOPMENT AND PLANNING

AVERAGE COST PER EMPLOYEE (2013))

PORT SECURITYAND LOGISTICS

ENVIRONMENT

RENEWABLE ENERGIES

CIVIL INFRASTRUCTURE

LABOUR POWER50,000 UNIVERSITY STUDENTS being trained

2 PUBLIC + 2 PRIVATE UNIVERSITIES

146 PROFFESIONAL TRAINING CENTERS

15 OFFICIAL SCHOOLS OF LANGUAGES

E.U.2.979 €

SPAIN2.580 €

CANARY ISLANDS2.164 €