{"id":1856,"date":"2020-02-17T13:27:04","date_gmt":"2020-02-17T13:27:04","guid":{"rendered":"https:\/\/abcmallorcadigitalmedia.com\/mallorca-for-business\/"},"modified":"2021-07-06T13:31:47","modified_gmt":"2021-07-06T13:31:47","slug":"mallorca-for-business","status":"publish","type":"post","link":"https:\/\/www.abcmallorcadigitalmedia.com\/es\/mallorca-for-business\/","title":{"rendered":"Mallorca for Business"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1856\" class=\"elementor elementor-1856 elementor-202\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-03347b4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"03347b4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"aux-parallax-section elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-de6c748\" data-id=\"de6c748\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d1ee703 elementor-widget elementor-widget-aux_icon_list\" data-id=\"d1ee703\" data-element_type=\"widget\" data-widget_type=\"aux_icon_list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<section class=\"widget-container aux-widget-icon-list aux-parent-aucadcc9ca\" style=\"\" ><div class=\"widget-inner\"><div class=\"aux-widget-icon-list-inner\"><ul class=\"aux-icon-list-items aux-direction-default\" ><li class=\"aux-icon-list-item aux-list-item-has-connector aux-list-item-has-icon aux-icon-list-item-b69929f elementor-repeater-item-b69929f\" ><a class=\"aux-icon-list-link\" href=\"#facts-sheet\" ><span class=\"aux-icon-list-icon auxicon-file-text\" ><\/span><span class=\"aux-icon-list-text\" >Facts Sheet <\/span><span class=\"aux-list-connector\" ><\/span><\/a><\/li><li class=\"aux-icon-list-item aux-list-item-has-connector aux-list-item-has-icon aux-icon-list-item-27eef68 elementor-repeater-item-27eef68\" ><a class=\"aux-icon-list-link\" href=\"#key-market-characteristics\" ><span class=\"aux-icon-list-icon auxicon-map-pin\" ><\/span><span class=\"aux-icon-list-text\" >Key Market Characteristics<\/span><span class=\"aux-list-connector\" ><\/span><\/a><\/li><li class=\"aux-icon-list-item aux-list-item-has-connector aux-list-item-has-icon aux-icon-list-item-2cf3317 elementor-repeater-item-2cf3317\" ><a class=\"aux-icon-list-link\" href=\"#doing-business\" ><span class=\"aux-icon-list-icon auxicon-streamline-suitcase-travel\" ><\/span><span class=\"aux-icon-list-text\" >Doing Business in Mallorca<\/span><span class=\"aux-list-connector\" ><\/span><\/a><\/li><\/ul><\/div><\/div><\/section><!-- widget-container -->\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-687b6d6 elementor-widget elementor-widget-text-editor\" data-id=\"687b6d6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p style=\"margin: 0cm 0cm 15pt; font-size: 12pt; font-family: 'Times New Roman', serif; color: #000000; line-height: 24px;\"><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif; color: #333333;\">When one thinks of the beautiful Spanish island of <b><u>Mallorca<\/u><\/b>, it is normally in the context of dreamy <b><u>summer holiday<\/u><\/b> and not as an attractive business destination. <span style=\"background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">For a relatively small island,<\/span><\/span><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">\u00a0<\/span><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif;\">Mallorca<\/span><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">\u00a0<\/span><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif; color: #333333; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">has so much to offer and is one of the jewels of Spain and the\u00a0<\/span><b><u><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif;\">Balearic Islands<\/span><\/u><\/b><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">. <\/span><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif; color: #333333; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">With its\u00a0<\/span><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif; color: #1c3049;\">perfect climate<\/span><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif; color: #333333; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">,\u00a0<\/span><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif;\">accessible airport<\/span><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">, <\/span><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif; color: #333333; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">and well-developed legal, administrative and financial infrastructure, Mallorca has attracted a swarm of international investor particularly during the last decade (2010-2019).<\/span><\/p><p style=\"margin: 0cm 0cm 15pt; font-size: 12pt; font-family: 'Times New Roman', serif; color: #000000; line-height: 24px;\"><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif; color: #333333; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">Attractive business opportunities in the tourism sector and in the lucrative property development market have enticed many wealth foreigners, albeit with some affiliation to the island, to finance new ventures on the island. For example, many of the new <b><u>Palma luxury boutique hotels<\/u><\/b> are foreign-owned and managed. The amount of scaffolding supporting protected facades while a \u2018city palacio\u2019 gets an extensive renovation in the capital\u2019s old town is a common sight. Most are the passion-projects of foreigners who have fallen in love with the city and dream of restoring one of the beautiful old buildings in the centre of <b><u>Palma<\/u><\/b>. But it\u2019s not only a love story, there are attractive returns on investment particularly if the property was purchased some years ago. There are still bargains to be had but they are now few and far between in comparison to previous years.<\/span><\/p><p style=\"margin: 0cm 0cm 15pt; font-size: 12pt; font-family: 'Times New Roman', serif; color: #000000; line-height: 24px;\"><span lang=\"EN-US\" style=\"font-size: 11.5pt; line-height: 23px; font-family: Tahoma, sans-serif; color: #333333; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">There is a lot to know and understand about doing business in Mallorca. The first advice is to get a good <b><u>professional advisor<\/u><\/b> based on solid and trusted recommendations. You will need a <b><u>lawyer<\/u><\/b>, a <b><u>tax advisor<\/u><\/b> and a <b><u>banker<\/u><\/b> that can advise you throughout the process of buying or setting-up a new business. Thankfully we have tried and tested professional contacts that we have got to know over the years \u2013 so if you need a recommendation do <b><u>contact us<\/u><\/b>.\u00a0<\/span><\/p><p style=\"margin: 0cm 0cm 15pt; font-size: 12pt; font-family: 'Times New Roman', serif; color: #000000;\"><span lang=\"EN-US\" style=\"font-size: 11.5pt; font-family: Tahoma, sans-serif; color: #333333; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\">We have compiled a <b>Fact Sheet about doing Business on Mallorca<\/b> to provide you with a starting point to get the know the commercial side of the island.\u00a0<\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c130330 elementor-widget elementor-widget-menu-anchor\" data-id=\"c130330\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"facts-sheet\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52c9063 elementor-widget elementor-widget-aux_modern_heading\" data-id=\"52c9063\" data-element_type=\"widget\" data-widget_type=\"aux_modern_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<section class=\"aux-widget-modern-heading\">\n            <div class=\"aux-widget-inner\"><h2 class=\"aux-modern-heading-primary\">Fact Sheet about Mallorca<\/h2><div class=\"aux-modern-heading-divider\"><\/div><\/div>\n        <\/section>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dbbe546 elementor-widget elementor-widget-text-editor\" data-id=\"dbbe546\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Island official name:<\/strong>\u00a0Mallorca or Majorca<\/p><p><strong>Government Type:<\/strong>\u00a0Autonomous community (created in accordance with the Spanish constitution of 1978, with the aim of guaranteeing limited autonomy of the nationalities and regions that make up Spain).<\/p><p><strong>Location:<\/strong><br \/>In the Mediterranean sea. One of the\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/balearic-islands\/\"><strong>Balearic Islands<\/strong><\/a><br \/>Latitude 39\u00b0 34\u2019 09\u201d North, Longitude 2\u00b0 39\u2019 00\u201d, East<br \/>Elevation above sea level: 34 m = 111ft<br \/>From the mainland of Spain: Approximately 130 miles south of Barcelona and 150 miles east of Valencia.<\/p><p><strong>Dimensions:<\/strong>\u00a0100km North to South, 70km East to West<\/p><p><strong>Coastline:<\/strong>\u00a0 555km<\/p><p><strong>Sea water quality:<br \/><\/strong>The quality of the sea water is mostly very good around the island of Mallorca and a lot of beaches can be compared with the Caribbean \u2013 turquoise waters with fine white sandy\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/category\/places-mallorca\/beaches\/\"><strong>beaches<\/strong><\/a>.<\/p><p><strong>Area:\u00a0<\/strong>\u00a03,640.11\u00a0km2 (1,405.45\u00a0sq\u00a0miles)<\/p><p><strong>Currency<\/strong>: EURO \u20ac<\/p><p><strong>Administrative Capital:<\/strong>\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/palma-de-mallorca\/\"><strong>Palma de Mallorca<\/strong><\/a><\/p><p><strong>Commercial Capital:\u00a0<\/strong>Palma de Mallorca \u2013 Population (404,681)<\/p><p><strong>Largest\u00a0cities:\u00a0<\/strong><a href=\"https:\/\/www.abc-mallorca.com\/palma-de-mallorca\/\"><strong>Palma<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/manacor\/\"><strong>Manacor<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/inca\/\"><strong>Inca<\/strong><\/a><\/p><p><strong>Climate:<\/strong><br \/>The\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/weather\/\"><strong>climate of Mallorca<\/strong><\/a>\u00a0is Mediterranean, with annual average temperatures of 19\u00ba C and precipitation of 410mm. The coldest month is usually January, with 15\u00baC and the warmest August, with 31\u00baC. There are on average 51 days of\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/top-things-to-do-rainy-day-mallorca\/\"><strong>rain<\/strong><\/a>\u00a0during the year.<\/p><p>\u00a0<\/p><p><strong>Terrain:<\/strong><br \/>The coast is mainly rocky, pocketed with small coves, sandy beaches and caves. Four large bays provide shelter from the open seas \u2013\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/playa-de-palma\/\"><strong>Palma Bay<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/port-alcudia\/\"><strong>Alc\u00fadia Bay<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/port-pollensa\/\"><strong>Pollensa Bay<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/port-soller\/\"><strong>Port de S\u00f3ller<\/strong><\/a>. The interior of the island is covered with lush pine forest, olives and almond trees, and in the central plains there is mainly agricultural terrain and vineyards.<\/p><p><strong>Highest Mountain:\u00a0<\/strong><a href=\"https:\/\/www.abc-mallorca.com\/serra-de-tramuntana\/\"><strong>Serra de Tramuntana<\/strong><\/a>, Puig Major 1,445\u00a0m (4,741\u00a0ft)<\/p><p><strong>National Parks and Nature Reserves Area:<\/strong>\u00a0Including all 7 Parks and Reserves \u2013 662.2316sq.km<\/p><p><strong>Island population:<\/strong>\u00a0907.197 (2018)<\/p><p><strong>Population Growth Rate:<\/strong>\u00a01.36% (Balearic Islands in 2017)<\/p><p><strong>Population Density:<\/strong>\u00a0240.45\u00a0people per sq km (622.76\u00a0\/sq\u00a0mile)<\/p><p><strong>Life Expectancy at Birth<\/strong>: 85 female, 80 male<\/p><p><strong>Languages:<\/strong><br \/><strong>Catalan<\/strong>\u00a0co-official with\u00a0<strong>Castellano<\/strong>\u00a0the official language in Spain. In many towns you will hear locals speaking\u00a0<strong>Mallorqu\u00ed<\/strong>\u00a0which is a dialect of Catalan. Note: English &amp; German are widely spoken in tourist areas and there is also a well developed infrastructure for foreigners\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/property\/\"><strong>buying property on Mallorca<\/strong><\/a>.<\/p><p><strong>Religion:<\/strong>\u00a0Catholic 83%, Muslim 10,3%, Protestant 4.9%, Jews 1,1%.<\/p><p><strong>Time Zone:<\/strong>\u00a0Mallorcan Time is one hour ahead of GMT.<\/p><p><strong>International Dialing:\u00a0<\/strong>+34<\/p><p><strong>Electricity:<\/strong><br \/>Voltage: 230 V<br \/>Frequency: 50 Hz<br \/>Plugs: Type F<\/p><p><strong>Labour Force:<\/strong><br \/>Agriculture &amp; Fishing \u2013 0,65%<br \/>Industry \u2013 2,20%<br \/>Construction \u2013 5,86%<br \/>Services \u2013 91,27 (according to the contract signed in the month of July)<\/p><p><strong>Agriculture &amp; Products<\/strong><br \/>Woodland areas (almond trees, olive trees and carob trees) and fruit, followed by cereal and vegetable crops which are above all to be found in the \u201cPla de Mallorca\u201d (<a href=\"https:\/\/www.abc-mallorca.com\/central-region-of-mallorca\/\"><strong>centre of the island<\/strong><\/a>).\u00a0Most important are the olive groves, the citrus fruit orchards in the\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/soller\/\"><strong>S\u00f3ller<\/strong><\/a>\u00a0valley, the potato and vegetable crops in\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/sa-pobla\/\"><strong>Sa Pobla<\/strong><\/a>.<\/p><p><strong>Industries:<\/strong><\/p><ul><li>The agriculture\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/authentic-mallorca-gourmet-product\/\"><strong>food sector<\/strong><\/a>\u00a0includes production processing of\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/almond-milk-fair-mallorca\/\"><strong>almonds<\/strong><\/a>, oranges, lemons,\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/best-olive-oils-mallorca\/\"><strong>olives<\/strong><\/a>, grapes,\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/mallorca-top-ten-wines\/\"><strong>wine<\/strong><\/a>\u00a0and cheeses.<\/li><li>The towns of\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/binissalem\/\"><strong>Binissalem<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/felanitx\/\"><strong>Felanitx<\/strong><\/a>\u00a0are famous for their\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/mallorcan-wine\/\"><strong>wine<\/strong><\/a>\u00a0(over 70 winery\u2019s on the island) and locally produced\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/brandy-club\/\"><strong>brandy<\/strong><\/a>\u00a0and liquors.<\/li><li>There are some mines of copper, lead and marble.<\/li><li>Local craftsmanship include\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/traditional-glass-manufacturers\/\"><strong>blown glass work<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/arts-and-crafts-fair-mallorca\/\"><strong>pottery<\/strong><\/a>, work on\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/fabric-mallorca\/\"><strong>traditional Mallorcan fabric<\/strong><\/a>\u00a0and the production of wicker baskets.<\/li><li>The\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/inca-shop-till-you-drop\/\"><strong>footwear and leather industries<\/strong><\/a>\u00a0are situated in\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/inca\/\"><strong>Inca<\/strong><\/a>\u00a0and surrounding villages.<\/li><li>The production of the world-famous artificial\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/history-of-mallorcan-pearls\/\"><strong>Mallorcan pearls<\/strong><\/a>\u00a0and jewellery in\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/manacor\/\"><strong>Manacor<\/strong><\/a>\u00a0are amongst the most important industrial sectors on the island.<\/li><\/ul><p><strong>Exports:\u00a0<\/strong>Exportation of almonds, oranges, lemons, olives,\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/best-olive-oils-mallorca\/\"><strong>olive oil<\/strong><\/a>, grapes,\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/wine\/\"><strong>wine<\/strong><\/a>\u00a0and excellent cheeses.<\/p><p><strong>Imports:<\/strong><br \/>More than 15 million tons of goods were shipped to the\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/balearic-islands\/\"><strong>Balearic Islands<\/strong><\/a>\u00a0in 2017, representing an increase of 6% more than in 2016. Between January and November 2017 more than 2-million tons of goods were imported to the\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/port-alcudia\/\"><strong>port of Alc\u00fadia<\/strong><\/a>\u00a0and 9.4 million tons were imported to\u00a0<a href=\"https:\/\/www.abc-mallorca.com\/palma-de-mallorca\/\"><strong>Palma<\/strong><\/a>. Demand is high from the tourism and construction sectors bringing estimates to at least 17 million tons in 2018.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3564a7a elementor-widget elementor-widget-aux_text\" data-id=\"3564a7a\" data-element_type=\"widget\" data-widget_type=\"aux_text.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<section class=\"widget-container aux-widget-text aux-parent-aua1a1de7a\" style=\"\" >        <div class=\"aux-widget-advanced-text aux-wrap-style-simple aux-ico-pos- aux-text-center aux-text-resp- aux-text-color-dark aux-text-widget-bg-center  \" >\n        \n            \n            <div class=\"aux-text-inner aux-text-widget-content\">\n                                <h4 class=\"col-title\">Numbers<\/h4>\n                                <div class=\"widget-content\">\n                                        <p>Gross Domestic Product (GDP):<br \/>Annual GDP 2017 28,970M \u20ac<br \/>Growth Rate 2,7%<br \/>Exports % GDP 2017 6.20%<br \/>Imports % GDP 2017 5.94%<\/p>                <\/div>\n                            <\/div>\n        <\/div>\n                    <div class=\"aux-text-widget-footer\">\n                <div class=\"aux-border-shape-none \">\n                                <\/div>\n            <\/div>\n        \n<\/section><!-- widget-container -->\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c08dbe3 elementor-widget elementor-widget-menu-anchor\" data-id=\"c08dbe3\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"key-market-characteristics\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae23a63 elementor-widget elementor-widget-aux_modern_heading\" data-id=\"ae23a63\" data-element_type=\"widget\" data-widget_type=\"aux_modern_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<section class=\"aux-widget-modern-heading\">\n            <div class=\"aux-widget-inner\"><h2 class=\"aux-modern-heading-primary\">Mallorca\u2019s key market characteristics <\/h2><div class=\"aux-modern-heading-divider\"><\/div><\/div>\n        <\/section>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9adeaac elementor-widget elementor-widget-text-editor\" data-id=\"9adeaac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>Luxury Mallorca <\/strong><\/p><p>The demand for high-end property continues to rise amongst a wide array of overseas clients. While it used to be the case that the German and British were the dominant players in the property market today clients come from Sweden, Switzerland, France as well as Russia, America and China. The \u00b4Golden-visa` is a factor in this change. The Spanish Government guarantees non-EU citizens permanent right to residence if they purchase a property worth 500K or more.<\/p><p>From Son Vida to Puerto de Andratx, discerning home buyers can find everything they need; chic marinas, the finest restaurants, upmarket shops and international schools. Buyers are looking for security, exquisite style, an exceptional location, luxurious amenities, state-of-the-art technology and high-end design.<\/p><p>\u00a0<\/p><p><strong>Cosmopolitan Lifestyle on Mallorca <\/strong><\/p><p>The Balearics have the highest number of foreign residents in Spain with the total population around 876K, it is estimated that 20% of the population are foreign nationals. As the island continues to grow into an affluent international hub, Mallorca boasts a strong cosmopolitan and vibrant cultural identity. There are eight Michelin-star restaurants, a growing retail scene and many major cultural events throughout the year. Palma is becoming a magnet for leading artists and collectors.<\/p><p>Travel from Mallorca is easy \u2013 you can be in any major European city in 2- 3 hours and if you have the means at your disposal anything is possible. How about a shopping trip to Milan, an exhibition in Berlin, hanging out in Paris or dining in Noma in Copenhagen? When the whole of the Mediterranean is your oyster why not sail to Formentera to catch an unforgettable sunset, or skip over to Morocco for a desert safari? All is possible from here.\u00a0<\/p><p>\u00a0<\/p><p><strong>Cultural Highlights &amp; Exclusive Events<\/strong><\/p><p>The perfect year-round weather and growing reputation as a luxury playground, Mallorca has a growing calendar of glamorous events. The polo scene in Mallorca is growing with a strong community already connected to the island \u2013 four large private polo facilities and more under-construction. The goal is that Mallorca will become Europe\u2019s polo island.<\/p><p>The glamorous Copa del Rey Regatta takes place in the stunning setting of the Bay of Palma and attracts leading teams from around the world. The island is home to around 15 of the world\u2019s superyacht with an active calendar of events. The Palma super-yacht and boat show in May is now one of the largest in Europe. In addition, there is the Evolution Film Festival, the Mallorca Classic Car Rally and lots more to attract the world\u2019s richest to Mallorca.\u00a0<\/p><p>\u00a0<\/p><p><strong>Authentic Mallorca<\/strong><\/p><p>Beyond the crowded tourist spots of the island are the hidden gems only known to a select few: where you find the real character of the island and isolated wonder that require a little more effort to reach. Spending time in the charming village of Deia on the rugged northwest coast, you can find yourself in the unexpected company of the occasional celebrity hiding out fromt eh rest of the world. Or visit the restaurant of Sa Foradada, that you will need to navigate a precarious 45-minute walk or get there by boat. Looking for the best beach on the island? On Playa Formentor you\u2019ll feel like Robinson Crusoe but with all the benefits of a 5-star luxury resort.\u00a0\u00a0<\/p><p>\u00a0<\/p><p><strong>Health and Wellbeing on Mallorca<\/strong><\/p><p>Mallorca offers 300 days of sunshine a year with an average temperature of 22 degrees. Wherever you are on the island you are never too far from the mountains and the sea, making it the ideal adventure playground for sports and outdoor activities.<\/p><p>One of the main reasons people choose to live here is to have access to a better quality of life. Finding a balance between plugging into the island\u2019s cosmopolitan lifestyle and being able to find freedom and space to disconnect from it all.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-da0f9ac elementor-widget elementor-widget-menu-anchor\" data-id=\"da0f9ac\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"doing-business\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3baf9ef elementor-widget elementor-widget-aux_modern_heading\" data-id=\"3baf9ef\" data-element_type=\"widget\" data-widget_type=\"aux_modern_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<section class=\"aux-widget-modern-heading\">\n            <div class=\"aux-widget-inner\"><h2 class=\"aux-modern-heading-primary\">Doing Business in Mallorca<\/h2><div class=\"aux-modern-heading-divider\"><\/div><\/div>\n        <\/section>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-83f6994 elementor-widget elementor-widget-text-editor\" data-id=\"83f6994\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>There are many opportunities for growing a business in Mallorca with a buoyant high-end property market, an evolving luxury tourism market, and the growing demand for 5-star hospitality and services. Investors are flocking to the island and there is a vibrant start-up scene of young entrepreneurs.<\/p><p>As an international hub within easy reach of all major European cities, many of the island\u2019s wealthy residents use their home in Mallorca as a base of their international businesses.<\/p><p>Mallorca offers a well-developed infrasture of trusted real estate agents, experienced bankers, efficient lawyers and well-informed international tax advisors.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>When one thinks of the beautiful Spanish island of Mallorca, it is normally in the context of dreamy summer holiday and not as an attractive business destination.<\/p>\n","protected":false},"author":2,"featured_media":2037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - 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