Tenerife and the Canary Islands are part of the EU, except for certain tax exemptions, such as VAT.
Is Tenerife a tax haven?
The canaries are an EU tax haven, although not in the traditional sense: this jurisdiction, part of Spain, makes available many tools for tax planning of known companies. First, the Canaries tax system is easier and with lesser tax burden than other European countries, fully legal and authorized by European Commission.
Why is Tenerife not in the EU?
Can you still live in Tenerife after Brexit?
Can UK Nationals still apply for Residencia in Tenerife/Spain? You can still apply, but in most cases you will first need to apply for a VISA from the Spanish Consulate in the UK BEFORE travelling here.
Is Tenerife classified as Spain?
Tenerife has been part of Spain since 1496. Tenerife is also a province of Spain and is therefore part of the European Union and belongs therefore to Europe. Tenerife is part of the most southerly islands of Europe very close to the western side of Africa.