Tenerife, Canary Islands - CoastVenture has overachieved its commitments under the Canary Islands Special Zone (ZEC) regulations, marking a significant milestone in the local PropTech and TravelTech industries. By hiring five qualified Canarian residents and investing over 100,000 EUR in fixed assets only 6 months after its registration in ROEZEC (Registro Oficial de Entidades de la ZEC), the company has significantly advanced the digital transformation within the sectors of real estate and travel.
These investments have been strategically used to expand CoastVenture’s technological infrastructure and establish its trademarks, reinforcing its mission to drive innovation in the Canary Islands’ active tourism and real estate markets. The capital infusion has enhanced various digital tools and platforms, positioning the company at the forefront of digital innovation in the region.
The addition of qualified staff has not only broadened the company’s expertise but also contributed to the local economy by opening up new opportunities for skilled professionals in the tech industry. This move aligns with the ZEC’s objectives to support high-value economic activities and technological advancement in the islands.
Looking forward, CoastVenture is committed to sustaining its growth and continuing its contributions to the local economy. The company plans to further utilize innovative technologies to develop solutions that enhance user experiences and streamline real estate and travel services and to add new business activities to its service portfolio. These efforts are expected to strengthen the Canary Islands' reputation as a hub for technological innovation in tourism and real estate.
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