In 2009, the Canary Islands Parliament designated the audiovisual sector a strategic industry. 15 years later, the region has evolved from a destination for “film tourism” into one of Europe’s fastest-growing centers for visual effects and virtual production.

Backed by the islands’ 50% tax rebate and the 4% corporate rate under dispensations of the Canary Islands Special Zone (ZEC), the sector has moved from service work to full-cycle capabilities, a transition that is beginning 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,” said Pablo Hernández, President of the ZEC. “Our approach was to diversify; first live action, then animation, and now VFX . Each layer adds new technical cap

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