For sale

Industrial premises for sale in the Canary Islands

For a stable, long-term operation, buying gives you control of the asset. We help you judge the price, understand the taxes and costs involved, and see how Canary incentives such as the RIC can fit your purchase.

What buying gives you

A purchase suits operations that plan to stay. It removes lease renewals from the picture, lets you adapt the unit to your process, and turns the building into a depreciable asset. For a company with retained profit, it also opens a specific Canary lever: the RIC, which can absorb that profit free of tax when it is reinvested in a qualifying asset such as industrial property.

• Stability

  A bought unit removes lease renewals and rent reviews from the equation, which matters for a fixed installation.

• Amortisation

  You depreciate the building over its useful life, turning the asset into a deductible expense over time.

• Control

  You can adapt the unit to your process — power, layout, cold rooms — without a landlord’s consent.

• RIC reinvestment

  Industrial property is a qualifying asset for the RIC, so a purchase can absorb reserved, untaxed profit.

Costs and taxes on a purchase in the Canary Islands

The headline tax depends on who is selling. When the seller is a business, the transaction is generally subject to the IGIC — the islands' own indirect tax under Ley 20/1991 — rather than mainland VAT. When the sale is second-hand and between private parties, transfer tax (ITP) applies instead, under the regional schedule of the Decreto Legislativo 1/2009.

On top of the headline tax, budget for notary fees, registry fees and, where it applies, stamp duty (AJD). Exact rates change and depend on the case, so the figures should always be confirmed with the Agencia Tributaria Canaria or a qualified adviser before you commit. We map these costs onto a specific property when you have one in view.

How to assess the price

Industrial space in the islands is shaped by a structural scarcity of serviced land, so location, clear height, power and access drive value more than headline floor area. Rather than quote a market yield we cannot source, we weigh a purchase on concrete criteria: the fit to your process, the condition of the structure and installations, the remaining licence and the cost to bring the unit to your spec. A formal valuation under Orden ECO/805/2003 may be needed where financing is involved.

How the RIC fits a purchase

Under the RIC (Ley 19/1994, art. 27), a company can reserve up to 90% of its undistributed profits free of tax, provided it materialises the reserve in qualifying assets within three years. Industrial property is a qualifying asset, which makes a purchase a natural way to put reserved profit to work. The mechanics are strict and case-specific — see our RIC explainer and the ZEC framework, and confirm with an adviser.

General guidance only; not tax or legal advice. Taxes, rates and RIC requirements vary by case — confirm with a qualified adviser. Last reviewed: June 2026.