An international economy built on tourism.

28% of Balearic residents were born outside Spain, the second-highest share of any province after Alicante. In Calvià, in Mallorca, foreign nationals make up 48.5% of the population.

Year-round international demand makes the islands a strong base for hospitality, yacht and property services, wellness and creative businesses, as long as the business is planned around the season.

Source: INE population data, 2026.

What to know before you start here

Seasonal cash flow

Most island businesses earn the bulk of their income in a few months. We plan your tax payments and cash flow so the winter doesn't catch you out.

Holiday rentals

The Balearics apply some of Spain's strictest rules on tourist lets, and many areas limit new licences. We check what is possible before you invest.

Tourist tax

Accommodation businesses must charge and pay the Balearic tourist stay tax. We include it in your accounts and filings.

Seasonal staff

Hospitality often uses permanent seasonal contracts (fijo discontinuo). We set up payroll and Social Security correctly from the start.

How we set it up without you travelling

1

Free call, in English

We map out your business, the right structure (SL or autónomo) and exactly what you need, before you spend anything.

2

Power of attorney, no travel needed

You sign a power of attorney by video call with a Spanish notary where available, or in person. We handle the notary, tax ID and Mercantile Registry for you.

3

Accounting live from day one

Bilingual books, tax calendar and quarterly filings set up before your first invoice, with one accountant you can call.

See the full process →

Living and working in the Balearic Islands

Mallorca, Menorca and Ibiza are among the most international places in Spain, with direct flights to the UK and strong demand for tourism, property, yachting and premium services.

The islands are highly seasonal, so cash flow planning matters. We help you plan tax payments and quarterly filings around your busy months, so the summer pays for the winter.

Frequently asked questions

Are holiday rentals allowed in Mallorca?

The Balearic Islands have some of the strictest holiday rental rules in Spain, with limits that vary by island and municipality, especially in Palma. We check what is allowed before you buy or set up.

Do I have to charge the tourist tax?

Tourist accommodation in the Balearics must collect the sustainable tourism tax from guests and pay it to the regional tax agency. We include it in your filings.

Ready to start your business?

Book a free, no-obligation call in English. We'll tell you exactly what you need.

Book a free consultation

Set up your company in the Balearic Islands.