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Establishing a life in Tenerife
Tenerife offers one of the finest climates and lifestyles in the world. The dramatic growth in the popularity of the island has also created a similar increase in the growth of business opportunities, jobs and holiday home ownership. If you don't know Tenerife particularly well, and are thinking of holidaying, buying in, or even moving to Tenerife, you will find much more information about Tenerife and its towns on our site at http://www.eurosol.com.
Foreigners of virtually any nationality are allowed to buy holidays homes in Tenerife. Foreigners can also become residents, work and set up businesses in Tenerife. This is quite straightforward if you are an EC citizen, but can be more problematical for other foreigners, depending on nationality. Read below the key points which will affect the viability of residing and/or working in Tenerife -
The first thing is to get clear which status you seek when residing in Tenerife. Generally, this will be one of the following -
Non-EC Citizens.
People who are not nationals of an EC member country do require a Recidencia/Work permit and
may find the procedure more difficult and time consuming.
They would be well advised to use a 'Gestor' to asist their application. It is important to
contact the nearest Spanish Embassy/Consulate in your country of origin to get the exact
information about the current documentation, requirements and the procedure for your nationality.
Typically, you may need a Visa, which would have to be issued from that Embassy/Consulate, so
skipping such steps could involve you with several unnecessary trips between your
country of origin and Tenerife.
Status
As mentioned previously, you will generally be applying a specific status -
Documentation required
This will vary on circumstances and nationality, but here is an example list of some of the documention
you may be asked to provide with your application for Residencia.
an example -
Residencia Application based on Business
Note that many activities cannot be run from 'home',
in which case commercial premises will be necessary.
Self Employed Social Security payments are currently about 215 Euros per month.
Submission of business accounts is every trimester (every 3 months) and an Accountant perhaps
100 Euros month.
Principal monthly operating costs will normally be - Rent, Social Security, Accountants,
and License fees (town hall), in that order.
Self-Employed v Partnerships v Limited Companies
Think very carefully before forming a limited company unless you expect your turnover to easily exceed
one million Euros in it's first year. Unless you particularly need a company, most business and tax requirements are better
met on a Sole Proprietor or Partnership basis. Partnerships can be simply and reliably arranged by a Notarized private
agreement. You can get more information about companies on the EuroSol site.
Types of Schooling Available in Tenerife.
Applying to State Schools some items may be waived for EC citizens)
Applying to Private Fee Paying Schools
The requirements vary and are specific to the school under consideration. For current and accurate information
you should make enquiries directly to the school of your choice.
to obtain accurate information on their current requirements. Fees are typically around 900 Euros per child, per term.
In Tenerife, there are usually 3 terms in each academic year.
The school could ask for a 'convalidation' of the child's current educational level, which would
involve getting certificates, reports or written statements/letters from previous schools
and then getting them 'officially translated'.
Birth Certificates for Children
In some countries, notably the UK, standard birth certificates are issued in a shortened form,
that does not disclose full parental details. In some situations, this is not accepted in Spain
so it is wise to apply for a FULL Birth Certificate from the Registrar of Births, and get
an official translation made.
More at the English Educational Centre page and the Eurosol Organisations page.