Femepa and Canary Islands Police Intensify Collaboration Against Underground Economy

In a significant development, Femepa (the Federation of Employers of the Province of Santa Cruz de Tenerife) has announced a strengthened partnership with the Canary Islands Police to combat the underground economy, a long-standing issue affecting local businesses and the economy.

This collaboration emerged as part of ongoing efforts to enhance economic enforcement across the Canary Islands. The organizations aim to address various illegal activities that undermine legitimate businesses and harm the local economy, including tax evasion and unlicensed operations.

Recent efforts have included joint operations and campaigns targeting specific sectors prone to underground economic practices. Femepa emphasizes the importance of this alliance, stating it "will increase the visibility of our work to combat this issue and support legitimate businesses."

Background on the matter highlights that the underground economy represents a significant challenge in the Canary Islands, where businesses often struggle against informal competition. The partnership is intended to provide resources and expertise to enforce laws effectively and ensure compliance from all market participants.

Through this collaborative initiative, both Femepa and the police hope to foster a healthier business environment and restore fair competition among companies. As the efforts progress, the focus will remain on implementing strategies that prioritize legal economic activity and protect honest entrepreneurs in the islands.

Looking ahead, further joint actions and public awareness campaigns are planned as part of this collaborative framework to ensure the sustainability of their initiatives against informal economic activities.