Reserve for Investments in the Canary Islands (RIC)
An incentive that lets companies reduce taxable profit if they commit those profits to qualifying investments in the Canary Islands, such as industrial premises, within set deadlines.
The RIC (Reserva para Inversiones en Canarias) rewards reinvestment. Companies can reduce their taxable profit by committing it to qualifying investments in the islands.
An industrial property can be an eligible investment. The rules and deadlines are strict, so plan it with a tax adviser.