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.
Example Ownership Breakdown – 8 Co-Owners + Mallorca Homebase
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 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.
Company & Tax Administration Made Easy
No headaches — all financial and legal admin is handled locally on your behalf.
Personal Taxation in a Mallorca Co-Ownership Model
Understand how private taxation works for co-owners — simple, fair, and legally secure.
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.
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.
