Customs Management in the Canary Islands can be a headache for maritime or ship supply companies, although it has some characteristics that make it attractive. Its special tax and customs regime, known as the Economic and Fiscal Regime (REF)offers significant advantages for ship chandlers and shipping companies operating in the region.

However, navigating the complexities of customs management in the Canary Islands requires detailed knowledge and strategic planning.

In this article, we will explore how customs management works in the Canary Islands, its particularities and how to take advantage of the fiscal and logistical advantages offered by the archipelago.

The Special Regime for the Canary Islands and its Customs Impact

A regime designed to promote trade

The Economic and Fiscal Regime (REF) of the Canary Islands is designed to boost trade and investment in the islands. Unlike the rest of Spain, the Canary Islands have a special customs and tax treatment due to their geographical remoteness. This translates into:

• Canary Islands General Indirect Tax (IGIC) instead of VAT, with lower rates.
• Tariff exemptions and reductions on certain products.
• Free Trade Zones where goods can be stored, transformed or distributed without paying taxes until they enter the local or European market.

Advantages for ship chandlers

Customs management in the Canary Islands offers key benefits for ship chandlers and shipping companies supplying international vessels. These include:

• Duty-free imports for supplies destined for consumption by ships.
• Reduced logistics costs, thanks to the strategic location and modern port infrastructures.
• Flexibility in the storage and distribution of goods, taking advantage of free trade zones.

Keys to Efficient Customs Management in the Canary Islands

Customs documentation and processes

To operate in the Canary Islands as a ship chandler, it is essential to have the documentation required by the Canary Islands Tax Agency in order. Canary Islands Tax Agency. Some key documents include:

• DUA (Documento Único Administrativo): mandatory for the import and export of goods.
• Certificate of maritime destination: to justify that the supplies are destined for international vessels and thus apply tax exemptions.
• Cargo manifests: necessary to coordinate the delivery of supplies at the ports.

Digitalization has simplified many processes, but it is vital to have a team or expert advice on customs legislation to avoid delays and penalties.

Free Trade Zones and their role in maritime logistics

The Free Trade Zones in the Canary Islands, such as the one located in the Port of Gran Canaria, are designated areas where companies can operate with tax and customs advantages. These zones allow:

• Temporary storage of supplies without tariffs.
• Re-export of goods without going through additional customs procedures.
• Transformation or repackaging processes, optimizing logistics for international customers.

These characteristics make Free Trade Zones a key ally for ship chandlers seeking to reduce costs and increase their competitiveness.

Challenges and Opportunities for Vessel Provisioners

Challenges in customs management

Although the Canary Islands offer numerous advantages, customs management can present challenges for ship chandlers:

• Compliance: Customs regulations can be complex and require constant monitoring.
• Logistics coordination: Ensuring timely delivery of supplies in a busy port environment requires precise planning.
• International competition: The strategic location of the Canary Islands attracts multiple global players, which increases competition in the sector.

Opportunities for maritime companies

Despite the challenges, the opportunities outweigh the obstacles. The Canary Islands is a stopover point for international maritime routes, which generates a constant demand for supply and logistics services.

In addition, the drive towards sustainability in the maritime industry opens the door to new niche markets, such as the provision of alternative fuels and environmentally friendly products.

FAQs about Customs Management in the Canary Islands

1. What type of goods are exempt from taxes in the Canary Islands?

Supplies intended for consumption on board international vessels, such as foodstuffs, fuel and spare parts, are exempt from duties, provided documentation requirements are met.

How do Free Trade Zones work for ship chandlers?

Free Trade Zones allow goods to be stored, transformed or redistributed without paying duties or taxes until they enter the local or European market. This reduces costs and improves logistics efficiency.

Is a customs broker necessary to operate in the Canary Islands?

Although it is not mandatory, having a customs broker or specialized advisor is highly recommended to ensure regulatory compliance and expedite procedures.

Conclusions

Customs management in the Canary Islands is a crucial element for ship chandlers and shipping companies wishing to operate efficiently in this strategic region.

At Interseas, we understand the importance of efficient customs management to ensure that supplies arrive on time and smoothly. Contact us for more information on how we can help you optimize your customs management in the Canary Islands.