A New Dawn for Ceuta: Transforming into a Hub for Technology, Gaming and Green Sectors Amid Economic Challenges
Ceuta has undergone a significant transformation in its economic and productive activities since 2018, thanks to the support of the Spanish government. The city aims to establish itself as a key economic player in the region by replacing lost revenue from cross-border trade and tapping into post-Brexit opportunities and global market dynamics. Local institutions are working to transform Ceuta into a hub for the online gaming sector, technology companies, and the green sector.
The cessation of cross-border commercial activities on the Tarajal border with Morocco led to a need for new avenues of economic growth. This trade, often classified as “contraband” by Morocco, had been a significant source of income for many in northern Morocco and had a major impact on local tax collection when it ceased. In response, 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 attracted companies in the gaming sector but has also contributed to economic growth and job creation in Ceuta.
The influx of technology and gaming companies is injecting vitality into the local economy, leading to increased demand for commercial and office spaces, which benefits local owners and investors. 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. Nonetheless,
