Since 2018, Ceuta has undergone a significant shift in its economic and productive activities with the support of the Spanish government. The city aims to replace lost revenue from cross-border trade and establish itself as a key economic player in the region. This transition is driven by post-Brexit opportunities and global market dynamics.
The cessation of cross-border commercial activities on the Tarajal border with Morocco resulted in a significant loss of revenue for many in northern Morocco and had a major impact on local tax collection. In response to this need for new avenues of economic growth, the government of Juan Vivas is promoting support measures to facilitate the establishment of new companies in Ceuta, focusing on the gaming and technology sectors.
To attract technological investments, Ceuta has implemented a favorable fiscal regime and offers support in establishment procedures and specialized training for new investors. Changes to corporate taxes and the adaptation of tax regimes to European VAT standards aim to make Ceuta a more attractive destination for technology companies. Companies like Entain and Flutter have transferred their licenses to operate in Ceuta, taking advantage of the tax benefits offered by the city. This has not only attracted companies in the gaming sector but has also contributed to economic growth and job creation in Ceuta.
However, there is some opposition within Ceuta to the expansion of the gaming sector. The localist formation “Ceuta Now!” raises moral and social concerns about the sector, questioning the impact of gambling promotion. However, despite these concerns, Ceuta continues to attract investments and promote itself as a center for investment and economic development, leading to an increase in newly established companies and planned projects in the city.
In summary, since 2018, Ceuta has undergone a significant transformation in its economy due to post-Brexit opportunities and global market dynamics. The city aims to establish itself as a key economic player by promoting support measures for new companies focusing on gaming