The narrative of American wealth migration has taken an unexpected turn in 2025, with the Canary Islands emerging as one of the preferred destinations over traditional European locations. While political uncertainty drives some decisions, the archipelago’s unique advantages are attracting wealthy Americans regardless of U.S. electoral outcomes.
A Shifting Landscape
Recent data from Henley & Partners reveals that American millionaire migration has reached unprecedented levels. “We’re seeing 140,000 high-net-worth individuals relocating globally in 2025, with the Canaries capturing a modest but increasing share,” notes Maria Hernández, Senior Partner at Henley & Partners’ Tenerife office.
The archipelago’s appeal extends beyond traditional factors. While mainland Spain attracts wealth through major cities, the Canaries offer a distinct value proposition combining European stability with unique tax advantages and year-round subtropical climate.
Why The Canaries?
Recent research from Atlantic Wealth Migration Report 2025 highlights three key factors driving American wealth to the islands:
The ZEC tax framework offers corporate rates of 4%, significantly lower than mainland Europe or the U.S. Non-EU location provides strategic distance from European economic challenges Digital infrastructure rivals major European hubs while offering better quality of life
“Tenerife particularly stands out,” explains David Thompson, former Silicon Valley executive now based in Santa Cruz. “We’re seeing a community of American entrepreneurs developing here, attracted by the combination of European stability and international business advantages.”
Economic Indicators Support the Trend
Current economic indicators favor this migration. With U.S. inflation at 2.8% and the Fed’s recent policy shifts, wealthy Americans are increasingly looking at international diversification. The Canaries’ stable property market and growing digital economy provide attractive investment alternatives.
The Tenerife Factor
Tenerife has emerged as the preferred island for American wealth, particularly in areas like Costa Adeje and Santa Cruz. “The island combines sophisticated infrastructure with preserved natural beauty,” notes Rebecca Martinez of Tenerife Investment Council. “Americans appreciate this balance, along with direct flights to major U.S. cities.”
Investment Patterns
Recent data shows American investment in Canarian property has increased 45% since 2024. Beyond residential property, Americans are investing in:
- Digital business infrastructure
- Sustainable tourism projects
- Health and wellness facilities
Looking Forward
The trend appears sustainable beyond immediate political concerns. “This isn’t just about leaving America,” explains John Richards, a wealth management advisor specializing in expatriate services. “It’s about accessing unique opportunities while maintaining global connectivity.”
For those considering the move, professional guidance remains essential. The islands’ special status within Spain and the EU creates unique opportunities but requires expert navigation of legal and financial frameworks.
This analysis reflects current market conditions as of May 2025. Professional consultation is recommended for individual investment decisions.
