Backed by the islands’ 50% tax rebate and the 4% corporate rate under dispensations of the Canary Islands Special Zone (Zec), the sector has relocated from service work to full-cycle capabilities, a transition that is launchning to reshape how international productions plan pre and post-production in the region.
“Tourism is still the backbone of our economy, but it’s volatile,” stated Pablo Hernández, President of the Zec. “Our approach was to diversify; first live action, then animation, and now VFX. Each layer adds new technical capacity and stability.”
A New Industest Layer
Hernández traces the evolution directly to the animation boom. “Some artists shared skills between animation and VFX,” he explained. “That overlap, plus growing technical education,…
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