Between the Canary Islands and Mauritania
MMW Fiscal & Business Consulting is a firm of accounting, tax, legal and business advisers based in Las Palmas de Gran Canaria. We work for companies that operate on both sides of the Atlantic, under both legal systems.
The firm
The firm was founded by a Mauritanian chartered accountant and tax adviser, with two partners practising in Las Palmas: a tax lawyer and a chartered accountant. The firm is newly formed; the experience behind it amounts to more than ten years in the field.
Our services
A file rarely begins with a single question. The families below combine within the same engagement, handled by the same point of contact.
What do you need?
Bookkeeping, year-end closing and periodic reporting, together with the management accounting and cash monitoring that make it possible to read the business as the year goes on.
Spanish and Canary Islands filing obligations, the calendar of deadlines, review of the open financial years. We set out the conditions of a regime before mentioning its advantages.
Business plans, financial forecasts and feasibility studies, administrative organisation and the choice of legal form, so that decisions rest on figures that have been verified.
Company formation, establishment and dealings with the authorities, finding and coordinating local correspondents, from the first contact to the first returns.
Preparation of the file the bank examines, then the accounting of the movements, the guarantees and the financing obtained. The decision to open an account rests with the bank.
Place of supply of services provided remotely, filing obligations in each country, conditions of access to the Canary Islands schemes, so that what is due is known before invoicing.
The Canary Islands framework
The Canary Islands come under European Union law and have their own economic and tax regime: the Canary Islands Special Zone (ZEC), the Reserve for Investments in the Canary Islands (RIC), enhanced deductions, and the Canary Islands General Indirect Tax (IGIC) in place of VAT. Each scheme has its requirements — effective management in the archipelago, minimum investment and jobs, a closed list of activities — and entry into the ZEC depends on the European timetable for State aid. We first check whether your activity qualifies.
Corporate income tax: ZEC and Spanish regimes, 2026
The 4% rate applies only to the share of taxable income from operations physically carried out in the ZEC, up to €1,800,000 increased by €500,000 per job created above the minimum (up to 50 jobs), and the tax reduction may not exceed 30% of net turnover.
BOE — Ley 19/1994, régimen económico y fiscal de Canarias (texte consolidé) (2026) · BOE — Ley 27/2014, impuesto sobre sociedades (texte consolidé) (2026)
| Regime | 2026 rate |
|---|---|
| Canary Islands — ZEC | 4% |
| New company | 15% |
| Micro-enterprise | 21% |
| Small company | 23% |
| Standard rate | 25% |
The Mauritanian framework is in flux: we verify the applicable text, with a correspondent on the ground where appropriate, before any decision is taken.
The bridge
Las Palmas lies opposite the Mauritanian coast and its port lives above all on transit. For a company working towards West Africa, the archipelago is a logistical and administrative base situated within the European Union. It is not a device for repatriating profits earned elsewhere: the activity must be real where it is declared.
The sectors
The accounts of a mining company, a fishing vessel operator and a freight forwarder are not read in the same way. We start from the real activity, before any question of legal form or tax regime.
Offshore gas and oil projects: service contracts, local subcontracting and the obligations of foreign providers.
Iron, copper and gold: long operating cycles, heavy fixed assets and control of production costs.
Vessel operation, processing and export: customs regimes, landings in the Canary Islands and a changing Mauritanian framework.
Freight forwarders, shipping agents and road haulage: cross-border invoicing, IGIC on imports and supporting documents.
Wind, solar and hydrogen: project structuring, public support, investment deductions and monitoring of commitments.
Import and export of goods and services: contracts, the export regime, evidence to be kept and recovery of receivables.
The team
The firm brings together complementary backgrounds: a Mauritanian accounting and tax practice, and the daily practice of Spanish tax law in Las Palmas. A file goes to whichever partner’s expertise it calls for, and that same person sees it through to the end.
Founder · Chartered accountant and tax adviser
Mauritanian chartered accountant and tax adviser. More than ten years in accounting, audit, financial management and management accounting, in banking, energy, mining, shipping and public administration.
Tax lawyer · Partner
Tax lawyer in Las Palmas. He handles Spanish and Canary Islands taxation, filing obligations and questions of residence for companies and their directors.
Chartered accountant · Partner
Chartered accountant in Las Palmas. He handles the bookkeeping, the year-end closing and the reporting of companies established in the archipelago, in Spanish and English.
First conversation
Describe your situation and your timetable to us. We will tell you what is possible, on what conditions, and what has to be checked before any commitment is made.