Specific tax incentives for the Spanish edition of this historic competition
With less than 1,000 days to go before the start of this competition, the 2023 Solheim Cup receives another decisive boost as it’s being declared an event of Exceptional Public Interest by the Government of Spain, a designation just published in the Spanish Official Gazzette (BOE) of the past December 31, 2020, which includes the Spanish Budget Act for 2021.
This event, in which Team USA faces Team Europe every two years and will be held for the first time in our country at the Finca Cortesín club in 2023, has already gathered a notable business and institutional support as it is sponsored by PING, Costa del Sol and Rolex as global partners; and by Andalucía, Acosol, the Marbella Town Hall and the Benahavís Town Hall as official partners. Its designation as an event of Exceptional Public Interest for the next three years reinforces its appeal, since the companies and institutions sponsoring the competition will be able to obtain a tax deduction of up to 90% of their investments, a considerable tax incentive that should be added to the other benefits of sponsoring an event of this magnitude.
It should be also noted that this is the first women’s golf event considered an event of Exceptional Public Interest in Spain, a distinction that highlights the importance of this competition on the international scene.
Deporte & Business General Manager, Íñigo Aramburu, emphasized the role of the Solheim Cup as driving force for the Spanish society.
“Besides thanking all the parties involved, we receive with joy the designation of the Solheim Cup as an event of Exceptional Public Interest, an essential step that will contribute to the success of a project that will leave a mark on Spanish society and will contribute to its recovery after the recent difficulties we are experiencing. Women’s golf is an ideal platform for conveying the best values, and the recently approved tax incentives represent a magnificent stimulus for companies and entities interested in supporting this great tournament. That way, they will get involved in a unique project and will see their efforts rewarded.”
The 2023 Solheim Cup is added to an exclusive list of first class events, such as «Andalucía, Región Europea del Deporte 2021», «Barcelona Mobile World Capital», «Valencia, Capital Mundial del Diseño 2022», or the «Estrella Damm N.A. Andalucía Masters», among others. The Solheim Cup offers a unique opportunity to present Spain, Andalusia and the Costa del Sol (with municipalities such as Marbella, Benahavís and Casares at the fore) as a safe tourist destination, while supporting women’s sport in a sustainable event of a great international relevance.
The Solheim Cup was first staged in Florida in 1990 and named after Karsten and Louise Solheim, founders of Karsten Manufacturing Corporation. The Solheim Cup is contested between two teams (Team USA and Team Europe) of 12 players over three days. It follows the same format as The Ryder Cup.
The 2023 Solheim Cup will have Finca Cortesín as official venue and is sponsored by PING, Costa del Sol and Rolex as global partners; and by Andalucía, Acosol, the Marbella Town Hall and the Benahavís Town Hall as official partners. Solán de Cabras, Eversheds Sutherland Nicea and the Casares Town Hall are official suppliers. Marca and Radio Marca are media partners. LET, LPGA Tour, RFEG and Deporte & Business are organising partners.