Spain counts seven free-zone ports, located in
Vigo,
Cadiz,
Barcelona,
Santander,
Seville,
Tenerife, and
Las Palmas de Gran Canaria – all of which fall under the EU Customs Union, permitting the free circulation of goods within the EU. The entire province of the
Canary Islands is a Special Economic Zone (SEZ), offering fiscal benefits that include a reduced corporate tax rate, a reduced VAT rate, and exemptions for transfer taxes and stamp duties.