Founded in 2006 by Thorsten Wrage, Genesis Consulting SLP is an administrative, tax, payroll and accounting consulting agency that offers services to both individuals and businesses.

For several years, the company and its founder have been advisors for PROEXCA SA, a public company assigned to the Regional Ministry of Economy, Treasury and Security of the Government of the Canary Islands. During this time, the company has made a substantial contribution to the international promotion of the Archipelago as a business hub by advising foreign investors, mainly of German origin, to expand their businesses in the islands. During these more than 10 years of work, the company has gained valuable experience and knowledge in business taxation and finance. Genesis has served as advisor to multiple foreign firms from industries, such as:

  • Waste treatment and recycling
  • Aquaculture
  • Real estate promotion, development, and construction
  • Biotechnologies
  • Senior living and social services
  • Ecommerce and digital promotion
  • Renewable energies (wind, photovoltaic, and geothermal)
  • Wholesale and international trade
  • Retail
  • Cosmetic products and medical devices
  • Freelance workers

As a result of the collaboration with the Government of the Canary Islands, especially with the public company PROEXCA SA (, there are a series of presentations and reports on different topics and sectors available to all interested business owners on their website. You can download them by clicking here.

The success of Genesis Consulting is based not only on international professional training and its partners’ extensive experience, but also on the high level of awareness and understanding of the Spanish culture, in particular the Canarian and Anglo-Saxon ones. Our experience tells us that cultural differences may lead to misunderstandings and, in some cases, cause negative outcomes in both personal and business relationships. At Genesis Consulting, we offer solutions to those challenges.

Another key component of our success is the development of expertise and professional training of each team member to tackle future challenges and approach innovative business models. In addition to professional development, the firm’s founding partner, Thorsten Wrage, is a registered member of the Spanish Association of Tax Advisors (AEDAF) and, at the same time, a member of the Association of Economists of Las Palmas de Gran Canaria. Hence, he has the capacity to serve as advisor on all matters related to taxation throughout the Spanish territory.

As a modern and innovative consulting agency, Genesis Consulting is familiar with all new taxation and labor administrative systems, being able to communicate, on behalf of their clients and online, with the relevant government administrations and commercial registries to submit documents and statements to any national administrative body.

At Genesis Consulting, the clients are our top priority. To ensure individual and practical advising, the company operates in collaboration with local partners and has offices in Lanzarote, Gran Canaria, and Tenerife.

About the Founding Partner, Thorsten Wrage

Dr. Thorsten Wrage, PhD, was born in 1973 near Hamburg in Neumünster, Germany. At the end of high school and military service, he started as a trainee (FP2 industrial expert) at the Herman Stock Maschinenfabrik GmbH in Neumünster, the world leader in the manufacture of autoclaves for the food industry. From 1998 to 2002, he studied Business Administration and Management at the University of Kiel, Germany, and the University of Las Palmas de Gran Canaria.

Following a student exchange agreement between the University of Applied Sciences of Kiel and the University of Las Palmas de Gran Canaria, he finished his studies in the latter in the year 2000. As a result of this agreement, Dr. Wrage graduated in both universities having two university degrees: Diplom Kaufmann FH in Kiel and the Spanish Degree in Business Administration and Management from the University of Las Palmas de Gran Canaria.

During his university career in the Canary Islands, he was an intern in regional administrations (Canary Islands Special Zone – ZEC) and at the Canary Islands Government (SOFESA – Ministry of Economy and Finance). After these programs, he continued to work as a market analyst for the Government of the Canary Islands at PROEXCA SA. During his professional career at PROEXCA, his main role was advising foreign companies wishing to establish themselves in the Canary Islands. His work focused on Canary Islands tax incentives, business support programs (grants), administrative procedures, and business consulting in general. In his role as an analyst, Dr. Wrage represented the Canary Islands in numerous international events and conferences and presented the incentives for investments in the Canary Islands and the market potential of certain economic sectors.

In addition to developing his professional career as a consultant, he began his PhD program at the University of Las Palmas de Gran Canaria in 2002 and obtained research sufficiency with a project on direct investments of German companies in Spain – The entry of German companies in Spain. Through a scholarship from the Ministry of Economy and Finance of the Government of the Canary Islands, Dr. Wrage received a Master’s degree in 2009 after successfully completing the first edition of the Master’s Program in International Tax and Investment Consultancy from the University of Las Palmas de Gran Canaria. He also holds a Master’s degree in International Taxation and Investments from the same Alma Mater. Dr. Wrage finished his postgraduate studies obtaining his Cum Laude PhD title from the University of Las Palmas de Gran Canaria in 2016. His thesis is titled: Localization factors that determine the success of Foreign Direct Investment.

Dr. Thorsten Wrage has been a registered member of the Spanish Association of Tax Advisors (AEDAF) and the Association of Economists of Las Palmas de Gran Canaria since 2007.