Kaudal, the leading tax structuring company in Spain, opens new headquarters in Santa Cruz de Tenerife

• The inauguration ceremony was attended by José Manuel Bermúdez, Mayor of Santa Cruz, authorities from the Canary Islands Government, the Island Council of Tenerife and relevant representatives from the islands’ business and social scene.
• The building chosen by Kaudal for its new headquarters is listed as an Asset of Cultural Interest and is located in Rambla de Santa Cruz.
• The company is the leader in Technological Patronage, an innovative means of financing based on tax incentives applicable to research, development and innovation, which allows new private investment to be channelled into the R&D&I ecosystem.
• In 2021, Kaudal promoted 95 projects with a value of €105 million, five of them financed by Canary Islands investors.

Santa Cruz de Tenerife, 25 May 2022.

Kaudal has inaugurated its new headquarters located in Rambla de Santa Cruz. The company, which specialises in financing innovative projects through private investment, established itself in the Canary Islands in May 2019 and currently employs 70 professionals, 60 of whom are based on the islands.

The inauguration ceremony, attended by José Manuel Bermúdez, Mayor of Santa Cruz, also featured the presence of high-ranking representatives of the Canary Islands Government and the Island Council of Tenerife, as well as relevant representatives from the islands’ business and social scene.

Vicente Dorta, Director of Investments at Kaudal, was the master of ceremonies and host of the event. “Three years ago, we were one person; today, we are more than 60 professionals who, from the Canary Islands, continue to work to support responsible investment, innovation and the tax environment of the islands”.

The event included the presentation of the rehabilitation project for the building, designed by José Marrero Regalado in 1937, the architect also responsible for the project that gave rise to the current building of the Island Council of Tenerife and the well-known Mercado de Nuestra Señora de África. The building is listed as an Asset of Cultural Interest, thus its selection as Kaudal’s headquarters reinforces the company’s commitment to the islands, while also showing its interest in supporting the conservation of its artistic heritage and cultural legacy.

Esaú Acosta, the architect in charge of the project, reflected on the inspiration behind it. “The craftsmanship of 100 years ago is the technology of today. We want to bring the two together”.

The company is the leader in Technological Patronage, an innovative means of financing based on tax incentives applicable to research, development and innovation, which allows new private investment to be channelled into the R&D&I ecosystem.

In the words of Manuel García-Sañudo, CEO of Kaudal, “our goal is to boost the technology ecosystem and talent in the region by promoting technology projects on the islands and from the islands to the rest of Spain. At Kaudal, we put the innovative ecosystem in contact with investment companies that seek not only to obtain a return, but also to contribute to the social and economic development of their communities through science and technology”.

The event was closed by the Mayor of Santa Cruz de Tenerife, José Manuel Bermúdez. “We want to be a hospitable city capable of welcoming investors and generating quality employment. You have done it in the best possible way, restoring the house of one of the most important architects of the Canary Islands, the great Marrero Regalado”.

In 2021, Kaudal promoted 95 projects with a value of €105 million, five of them financed by Canary Islands investors.

Kaudal is part of ARQUIMEA, a Spanish technology company that operates globally in highly demanding sectors. ARQUIMEA also boasts three other work centres on the islands, having set up its corporate research centre in 2020, which currently has 60 researchers distributed between the Las Mantecas Science and Technology Park in La Laguna (Tenerife), the Gran Canaria Technology Park and the Tafira Campus (Las Palmas de Gran Canaria).

 

About Kaudal.

Kaudal is a company dedicated to financing the R&D&I ecosystem through private investment. The company is a leader in Technological Patronage, a means of financing based on tax incentives applicable to research, development and innovation. Its purpose is to contribute to promoting R&D&I in Spain by supporting the development of new technologies and innovative products, favouring the transfer of knowledge and its market access.

Kaudal has extensive experience in the use of this instrument, having mobilised more than €315 million in investment and promoted more than 250 R&D&I projects since its creation in 2016.