Business registrations in the Canary Islands drop 17.2% in September

Capital subscribed for new companies plummets 65% compared to the previous year, according to ISTAC data.

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The establishment of commercial companies in the Canary Islands saw a 17.2% decrease in September 2026, with 308 new businesses, contrasting with the national average which only fell by 0.9%.

In September 2026, a total of 308 commercial companies were established in the Canary Islands, representing a 17.2 percent decrease compared to the same month in 2025. This data, released by the Canary Islands Institute of Statistics (ISTAC), contrasts with the national average, which saw a 0.9 percent drop.
The capital subscribed for the creation of these new companies also experienced a significant decline. During September, 3,264 million euros were registered, a 65% decrease compared to the 9,244 million euros recorded in September 2025.
By provinces, Santa Cruz de Tenerife led the creation of commercial companies with 171 registrations, a 4 percent increase from September of the previous year. Meanwhile, Las Palmas registered 156 new companies, marking an annual decrease of 43.8 percent.
All commercial companies established in the Canary Islands during this period were formed as Limited Liability Companies. Additionally, another 71 commercial companies registered a capital increase in September 2025.
Based on information from the official source: ISTAC — Instituto Canario de Estadística (12/11/2026)