🇪🇸 Why Palma de Mallorca Is Great for Foreign Entrepreneurs
Palma blends sunny Mediterranean vibes with a high-quality infrastructure that’s ideal for small businesses and remote work:
✅ International tourism and seasonal rental opportunities
✅ Strong expat and English-speaking community
✅ Popular sectors: real estate, hospitality, wellness, tourism, digital services
✅ Excellent co-working spaces and business support network
✅ International airport connecting to major European hubs
Whether you’re launching a tourism agency, setting up a boutique café, or working as a freelance consultant, Palma provides a supportive environment — and you can handle it all remotely if needed.
🏢 Choose Your Legal Structure
| Structure | Best For | NIE Required |
|---|---|---|
| Sociedad Limitada (SL) | Businesses serving international clients or multiple employees | ✅ Yes |
| Freelancer (Autónomo) | Solo professionals, digital nomads, consultants | ✅ Yes |
| Subsidiary/Branch | Foreign firms expanding their presence in Spain | ✅ Yes |
Need help deciding? We assess your long-term plans, expected revenue, liability needs, and operational costs to guide you.
🧾 Setting Up an SL Company in Palma
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Apply for NIE (Foreigner ID number)
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Reserve company name at the Registro Mercantil Central
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Open a business bank account in Palma and deposit €3,000 share capital
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Draft and notarize bylaws & Articles of Association
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Sign documents at a Palma notary (or use Power of Attorney remotely)
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Obtain CIF (company tax ID) from the Agencia Tributaria
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Register for VAT and corporate tax via Modelo 036
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File with the Registro Mercantil de las Islas Baleares
All steps can be completed remotely if you appoint us as your POA — no travel necessary!
👨💻 Becoming a Freelancer (Autónomo) in Palma
Perfect for solo entrepreneurs and online businesses:
✅ Submit Modelo 036 or 037 to AEAT
✅ Choose your tax regime (most opt for direct estimation)
✅ Register with Social Security (RETA)
✅ Start invoicing clients in 1–3 days
✅ Optionally register for VAT and VIES if serving EU clients
We will oversee all filings, help you understand deductible expenses, and maintain your legal compliance.
🏠 Business Address Requirements
Your business will need a fiscal address in Palma. Options include:
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Residential address (if legally allowed)
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Coworking or leased commercial space
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Virtual office solutions with mail receipt and address registration
We help set up compliant address services that satisfy tax and business registry needs.
🌐 Remote Setup Made Easy
Can’t travel to Mallorca? No problem — via Power of Attorney, we handle:
✅ NIE application
✅ Bank account opening
✅ Notary services
✅ AEAT and Registro Mercantil filings
✅ Registered address setup
Everything is managed in English, Spanish, or both — depending on your preference.
💡 Popular Business Types in Palma
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Holiday rental and real-estate agencies
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Beach bars, cafés, and restaurants
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Wellness services (e.g., yoga studios, massage therapists)
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Digital marketing, design studios, and consultancies
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Yacht and water sports companies
❌ Common Mistakes to Avoid
⛔ Failing to declare your business activity on time
⛔ Using an informal address or unregistered location
⛔ Choosing the wrong social security or tax regime
⛔ Not filing annual accounts (SL) or quarterly forms (autónomos)
⛔ Operating under English-only contracts (not legal in Spain)
🧑💼 How We Help in Palma de Mallorca
Borderless Lawyers handles everything:
✅ NIE, CIF, digital certificate and AEAT registration
✅ SL company formation and bylaws drafting
✅ Autonomous registration and VAT/VIES setup
✅ POA execution and remote procedures
✅ Legal fiscal address, bank account coordination, notary filing
📞 Ready to Launch Your Business in Palma de Mallorca?
From idea to legal operation, we simplify the process so your business can open doors — even from abroad.
👉 Contact us to start your business in Palma de Mallorca with full legal support.