You can establish your production company within the ZEC area (Canaries Special Zone) and pay 4% tax rate whereas the average in the rest of Europe is 25%.
In addition, if the audiovisual product is rated as “Canaries work” you can invest RIC (Canaries Investment Reserve) in the production and deduct 38% from business tax instead of the national 18%.
There is also the regional funding plan which is called every year and has a budget of more than one million Euros.