Local Expertise, Seamless Handling
Owning a share of a co-owned home in Mallorca through a locally registered Spanish company (S.L.) gives you a worry-free ownership experience. Everything is structured and managed to protect your investment, simplify tax reporting, and keep operations transparent.
One Local Company, One Beautiful Home
Each co-owned property is held in a brand-new, clean Mallorca-based S.L. company that exists for a single purpose: to manage and preserve the value and usage of one specific home. The company lives where the home lives – ensuring local access, regional compliance, and simplicity.
Administrator Manages All Company Affairs
The owners appoint a neutral, experienced Administrator who acts as the representative for the S.L. company.
This person:
- Is based in Mallorca
- Oversees official correspondence and legal filings
- Acts on behalf of the co-owners within their mandate
- Coordinates online communication with owners
- Is accessible through the Owner Group online
Accounting Handled by Trusted Professionals
We collaborate with Global Consulting S.L., a Mallorca-based firm with over 30 years of experience in company administration for foreign property owners.
They handle:
- Bookkeeping
- Annual reports
- VAT filings
- Payments and general compliance
Everything is documented and stored securely, with summaries available to owners.
Simple Reporting to Your Home Country
As a co-owner, you will need to report your ownership in a foreign company to your home country’s tax authority.
- You simply state that you own XX shares in a named Spanish S.L., listed in the official company register
- You report what you paid for the shares
- No further reporting is needed until you sell your shares
- If a profit is made, capital gains tax is paid in your home country (unless otherwise agreed)
It’s a streamlined, low-maintenance setup.
Shareholder Rights and Protections
You hold registered shares in the company.
That means:
- Clear ownership structure under EU/EEA law
- Legal rights to use the home per agreement
- Access to resale platform for your share(s) if needed
Upgrades and Major Repairs
If the co-owners vote to upgrade the home (e.g. pool renovation, kitchen refresh), the Administrator gathers written offers and coordinates with a Project Manager. This role is often filled by someone fluent in Spanish and well-versed in local permitting and supplier networks.
Transparent Budget and Oversight
All annual costs are split fairly between co-owners, and the Administrator proposes a budget each year.
It includes:
- Fixed operational costs
- Budget for maintenance
- Buffer for future upgrades or emergencies
All decisions involving shared finances follow a clear voting process: 1 vote per week/share. Selling the property requires a 2/3 majority. All other matters are decided by a simple majority (more than 50%).
Summary: The Palmallorca Co-Ownership model ensures that everything related to your company and tax administration is handled locally, legally, and professionally. With the Administrator, Global Consulting, and clear agreements in place, you enjoy real ownership without paperwork headaches.
Learn the Full Co-Ownership Solution
Palmallorca Co-Ownership is a complete, transparent model for smart second-home ownership in Mallorca — built around legal clarity, local support, and personal freedom. Explore the full series below to understand how it works and why it’s designed for the way people live, invest, and travel today.
Why Mallorca – And Why Now?
Discover why Mallorca remains one of Europe’s top lifestyle destinations — and why timing matters.
From Dream to Keys – How It Works
A practical guide to how we match co-owners and form your co-ownership group.
Who Buys Co-Ownership in Mallorca?
See the real people behind the model — from digital nomads to retirees and wellness seekers.
What You Really Own – Legal & Company Structure
Understand the secure ownership structure via Spanish companies and your rights.
The Cost & Operations Behind Co-Ownership
What your investment includes, how costs are shared, and what it means in practice.
How the Booking Rules Work
A smart system for using, rotating, and renting your weeks fairly.
The Owners Agreement – Shared Rules
How decisions are made, upgrades are approved, and everyone’s rights are respected.
Selling Your Shares – A Clear Exit Path
Exit easily through our resale and auction platform, with first rights for co-owners.
Personal Taxation in a Mallorca Co-Ownership Model
Understand how private taxation works for co-owners — simple, fair, and legally secure.
What Happens If a Co-Owner Stops Paying?
Built-in protection ensures others are not affected if someone defaults.
Legal Rental Rights for Co-Owners
Rent legally with transparency — learn how our 4-week rental logic works.
Property Management – Daily Care & Guest Prep
How the property is cleaned, managed, and prepared for each co-owner or guest.
What Happens If a Co-Owner Passes Away?
How inheritance works under EU law — with admin and continuity fully secured.
Upgrades & Improvements – Owner Votes & Budgeting
How new ideas and improvements are proposed, voted on, and funded.
Can I Use My Weeks Flexibly or Swap with Others?
Yes — swap across seasons or even with other Palmallorca Co-Owners.
Want to Learn More?
Explore how you can own a slice of paradise — without the burden of full ownership.
