Hiring the services of CANARIAS LOGISTICA, your company can benefit from the many advantages of the Free Zone: Exemption from import duties while the goods remain in the Zone. Exemption from indirect taxes IGIC (Canaries), VAT (Spain and EU) and ITBM (Panama) on goods in our bonded warehouses and for services provided for them. Payment in advance of export rebates on eligible community goods. Non application of common trade policy measures like quotas or restrictions of any kind. The possibility of bringing any kind of goods into the Zone, regardless of its nature, quantity, origin, last port or destination, with no time limit on its stay in the Zone. Operations subject to Active Improvement Traffic for non-community goods that should be transformed and re-exported, without any kind of demand for guarantees or other expenses. Transformation operations Ander customs control for goods from third countries that require transformation befote being brought into community territory. Triangular trade operations. Exemption from meeting the financial conditions that regulate the active improvement regimen. Companies located in the Gran Canaria Free Zone are eligible for Canary Island tax incentives. Companies operating in the Panama – Pacific Special Economic Area (Free Zone River Canary Islands) are also eligible for the tax and migratory incentives offered by the Area. Authorised for ZEC companies (lower taxes).