Financial Advice Tenerife

Tailored Wealth Solutions for Your Life on the Island

Navigate Tenerife’s unique financial landscape with expert guidance from Private Client Consultancy.

We specialise in helping expats and residents achieve financial peace of mind.

Why Expert Financial Advice is Essential in Tenerife

Choosing a good financial advisor can help you avoid unnecessary costs and a lot of time wasted, leaving you to focus on your goals.

A good financial advisor does more than manage your investments; they provide long-term strategic advice to help you preserve wealth, minimise tax liabilities, and secure your legacy.

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Before you speak to one of our financial advisors, decide which aspects of your financial life you need help with. Look for financial advisors in Tenerife who offer:

Understanding Canary Islands Tax Benefits (IGIC vs. VAT)

Understanding Canary Islands Tax Benefits (IGIC vs. VAT):

Leverage Tenerife's unique tax regime (IGIC at 7% instead of mainland Spain's 21% VAT) and other local incentives. We explain how this impacts everyday expenses, property purchases, and business.

Navigating Local & Regional Tax Laws

Navigating Local & Regional Tax Laws:

Specific insights into Tenerife's application of Spanish tax laws, including income tax, inheritance tax (often cheaper in the Canary Islands), wealth tax, and capital gains tax on property.

Expat-Specific Financial Planning

Expat-Specific Financial Planning:

Address common expat concerns such as pension transfers (QROPS, SIPP), international investments, managing multi-currency assets, and double taxation treaties relevant to Tenerife's expat community.

Property Investment & Taxation

Property Investment & Taxation:

Guidance on purchasing property in Tenerife, property transfer tax, IBI (local property tax), and Plusvalía. We highlight how the lower IGIC impacts new-build property taxes.

Retirement & Lifestyle Planning

Retirement & Lifestyle Planning:

Support for those retiring to Tenerife, ensuring their wealth supports their desired island lifestyle, including healthcare considerations and cost of living.

Inheritance & Estate Planning

Inheritance & Estate Planning:

Tailored advice on Spanish inheritance laws, which can differ regionally, and how they apply to assets held in Tenerife, ensuring your legacy is secure.

Why Expats & Residents in Tenerife Choose Private Client Consultancy

Private Client Consultancy is an established, independent financial advisory firm working with clients across Spain, the UK, Europe, Switzerland and the USA.

Our Partners, Private Client Wealth Managers and Advisers are regulated and professionally qualified to at least Level 4 as recognised by the UK’s Financial Conduct Authority (FCA).

Working closely with our in-house technical and development team of experts, we create personalised solutions to meet each client’s objectives and provide financial peace of mind.

While our expertise is international, we have a deep understanding of the unique fiscal and lifestyle considerations of living in Tenerife and the wider Canary Islands, ensuring truly localised advice.

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Our Financial Advisors in Tenerife Are Problem Solvers

Clients
+ 1500
Jurisdictions
29

Our advisors are not just planners, they’re problem-solvers.

With decades of combined experience working with expatriates, we understand the challenges you face in Tenerife and across the Canary Islands.

From interpreting double taxation treaties to structuring international assets efficiently, we provide holistic strategies with your best interests at heart.

Expert Insights: Our Latest Articles on Financial Advice in Tenerife & Spain

Discover our recent publications on everything relating to financial advice in Spain, wealth and the expat life.

We enjoy sharing and educating our expert insights and perspectives to help create a better future for all.

Spanish Wealth Tax in 2025 An Essential Guide for Expats and High-Net-Worth Individuals

26 Feb 2025

Spanish Wealth Tax in 2025: An Essential Guide for Expats and High-Net-Worth Individuals

Inheritance Tax Balearic Islands 2025 Guide for Residents and Non-Residents Main Image

16 Jun 2025

Inheritance Tax Balearic Islands: 2025 Guide for Residents and Non-Residents

Understanding Spanish Gift Tax A Guide for Expats and Retirees Actual main image

16 Apr 2025

Understanding Spanish Gift Tax: A Guide for Expats and Retirees

Modelo 720 How to Complete Spain’s Foreign Asset Declaration in 2025 Main Image

14 May 2025

Modelo 720: How to Complete Spain’s Foreign Asset Declaration in 2025

Frequently Asked Questions

Q1: I don’t live in Tenerife full-time, can you still help me?

Absolutely.

Many of our clients split their time between Spain (including Tenerife) and other countries.

We can support you remotely or in person where needed, adapting our advice to your residency status.

Yes, financial advice in Spain is regulated.

Private Client Consultancy operates under strict regulatory frameworks, ensuring transparency and client protection.

We adhere to both Spanish and international financial regulations, including those applicable in the Canary Islands.

You can find out more here.

The Canary Islands operate under the Impuesto General Indirecto Canario (IGIC), which is generally lower (7%) than mainland Spain’s VAT (21%).

This impacts the cost of goods and services, as well as new property purchases.

Our advisors can explain how this benefits you.

Yes, we provide expert guidance on Spanish tax residency, the 183-day rule, and how it impacts your worldwide income and assets when living in Tenerife.

We can help you understand your obligations, including Modelo 720.

Find out more about our legal services here.

We often work collaboratively with existing advisors to ensure a holistic and seamless financial plan, especially when dealing with cross-border tax and inheritance matters unique to your situation in Tenerife.

Inheritance and Gift Tax rates can be lower in the Canary Islands compared to some other Spanish regions.

Our experts can provide tailored advice on how to optimise your estate planning under Tenerife’s specific regional rules.

Read more about inheritance tax in in the Balearic Islands here.

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The Private Client Consultancy Promise

We believe in the importance of values and delivering what we believe in.

At Private Client Consultancy, we stand for unparalleled competence, unwavering credibility, and exceptional capability in all our services.

Our mission is to provide you with trustworthy, personalised wealth management services and advice tailored to your unique needs in Tenerife.

With a commitment to excellence, we ensure that every aspect of your financial journey is managed with the utmost care and professionalism, assisting you to achieve your financial goals with confidence.

One Goal. One Purpose. Wealth Management with Peace of Mind.

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Ready for Personalised Financial Advice in Tenerife?

Whether you need a second opinion or a full financial review, we’re here to help.

Our advisors combine local knowledge with international expertise to provide clear, actionable guidance tailored to your goals.

Submit an enquiry today, talk to one of our expert advisers to start your personalised journey.