The Spanish region of the Canary Islands should be considered as a very good option for opening your new shared services location:
The best tax system in Europe - 4% Corporate Tax, 7% VAT, up to 70% cash back for R&D and tech innovation investments, dividends tax exemption, etc.. - approved recently by the EU (therefore 100% legal certainty)
Some key industry players (e.g. ATOS, Invitel/Telemedia…) have already established. New companies will have full support from the Government, who has made investment attraction a top priority to diversify its economy and create opportunities for its highly-educated population.