This decline contrasts with the national average, which saw a 5.7% increase. The Statistics on Commercial Companies, updated monthly by ISTAC, detail this trend.
Despite the drop in the number of incorporations, the capital subscribed for the creation of new companies in the Canary Islands experienced a notable increase. During August 2026, 4,853 million euros were subscribed, representing a 52% rise compared to the 3,186 million euros registered in July 2025.
By provinces, Las Palmas led the creation of commercial companies with 198 new businesses, a 40% increase compared to July 2025. In Santa Cruz de Tenerife, 156 new companies were registered, marking an annual decrease of 5.4%.
All commercial companies established in the Canary Islands during August 2026 were formed as Limited Liability Companies. Additionally, another 71 existing commercial companies registered a capital increase during the same period.
