Real Ownership. Full Protection. Mallorca-Based.
When you co-own a home through Palmallorca, you don’t just get usage rights — you become a registered shareholder in a Mallorca-based Spanish company (S.L.) that owns the property.
It’s simple, transparent, and built around trust, clarity, and shared values — not vague agreements or complex structures.
100 Shares = 5 Weeks = 9.62% Ownership in a 1,040-Share Company
Each co-owned property is held by a newly created Spanish S.L. (Sociedad Limitada) with:
- 1,040 total shares
- 1,000 shares = 50 usage weeks (available to co-owners)
- 40 shares = 2 weeks (retained by Mallorca Homebase S.L. for long-term support and value alignment)
- 20 shares = 1 week
- 100 shares = 5 weeks = 9.62% legal ownership
All shares are formally registered in the public company register and linked to individual owners or their EU-registered company.
Why the Company Is Based in Mallorca
Each S.L. is created for a single purpose: to own, manage, and improve one home on Mallorca — nothing more.
Its purpose includes:
- Personal use by the owners
- Legal short-term rentals (if permitted)
- Group-approved upgrades to protect or increase value
The company lives where the home lives — so everything from building permits to service contracts is easier, faster, and more local.
It also means:
- Legal, tax, and accounting processes are handled in Spain
- Local service providers benefit from the co-ownership model
- The home contributes to the Mallorcan economy all year
Who Can Co-Own?
Palmallorca welcomes co-owners from the EU/EEA, UK, USA, and Commonwealth countries (e.g. Australia, New Zealand, Canada).
These regions align naturally with:
- Legal compliance
- Fair play
- Respect for group agreements
- Contribution to local communities
Everyone signs the same documents. Everyone follows the same rules.
This isn’t about where you’re from — it’s about how you think and act as a co-owner.
What About Buyers from Other Countries?
Buyers from outside the regions above — such as Russia, China, Africa, or parts of Asia — may join only if all co-owners approve in writing before closing.
Latin American buyers are welcomed on a case-by-case basis.
Due to strong cultural and linguistic ties with Spain — and in many cases dual EU citizenship — co-ownership can work well when alignment is confirmed.
The key is not the passport — but the shared mindset.
We protect harmony and trust by ensuring that everyone in the group:
- Respects the agreements
- Aligns with the lifestyle and usage model
- Acts in the interest of the group
Co-ownership is about long-term compatibility — not just financial investment.
Selling Your Shares Later
Selling is allowed — and straightforward — if the new buyer matches the original eligibility.
- Buyers from approved regions follow a standard legal process
- Buyers from outside must again be approved by all co-owners
The system protects resale value — without risking group stability.
Do You Need to Know Your Co-Owners?
Not necessarily. Most buyers don’t need to personally know the others — just that they’re verified, values-aligned, and compatible in usage.
Our surveys show this works for the majority.
If you want to co-own with friends or family, you can.
If not, we match you with others based on your Co-Owner Dream Profile — and manage all group dynamics neutrally.
A local administrator takes care of:
- Bookings
- Cleaning & maintenance
- Rule enforcement & communication
So you can enjoy Mallorca — and your property — stress-free.
Learn More and Join the Community
Want to explore co-ownership further, see examples, or meet others already involved?
👉 Join the Co-Owning Properties Group (free signup required)
