Co-Ownership in Mallorca for International Buyers — A Legal, Smart, and Affordable Alternative to Full Ownership
As the founder of Palmallorca Co-Ownership, I’ve spoken with many buyers from the U.S., UK, Canada, Australia, and beyond — people who dream of a home in Europe but face the high entry costs, tax concerns, and practical headaches of full ownership abroad.
That’s exactly why we created a smarter way to make that dream a reality — without needing millions, without giving up flexibility, and without the burdens that often come with buying property overseas.
Why Mallorca?
Mallorca is Europe’s answer to paradise — Mediterranean charm, vibrant culture, world-class beaches, Michelin-starred cuisine, and easy access from nearly every major European city.
And for non-EU/EEA residents, it’s more accessible than many think:
- Direct flights from New York during high season
- Easy year-round access via Madrid, Barcelona, or other hubs
- Well-connected for British, Canadian, and Australian travelers too
More and more international buyers are choosing Mallorca over Florida, Portugal, or France — drawn by its timeless beauty and the quality of life it offers.
The Smart Alternative to Full Ownership
Owning a second home in Europe can be complex, expensive, and inefficient — especially if you only use the property for a few weeks per year. Full ownership ties up capital, invites significant tax and legal obligations, and often comes with costly maintenance or management headaches.
Palmallorca Co-Ownership changes the game.
Each home is 100% owned by a locally registered Spanish company (S.L.). Buyers invest in that company and receive real, legal ownership through a minority share — typically covering 5 weeks per year, equal to 9.62% of the total property.
You benefit from:
- Guaranteed use during your preferred season
- Real legal ownership through shares in a Spanish S.L.
- Full property management and maintenance
- High-end, fully furnished interior design
- Transparent local taxes and compliance
- The right to resell your share whenever you choose
This is not timeshare. You own part of the company that owns the home — and you can pass it on, rent it out during unused weeks, or sell it with full support from our team.
Yes, You Can Legally Co-Own in Spain
There’s been political debate in Spain about limiting second-home purchases by non-EU citizens — especially for speculative or underused properties. But the Palmallorca model is fully legal and compliant with both Spanish and EU law.
Why?
Because you’re not buying land or real estate directly. You’re investing in a Spanish company that owns and manages the property.
This structure ensures:
- Legal access to ownership for non-EU/EEA citizens
- No residency requirement or Golden Visa needed
- No interference with personal or business taxation at home
- Alignment with current Spanish real estate regulations
This model is used by sophisticated buyers across Europe and is ideal for citizens of the U.S., UK, Canada, Australia, and other Commonwealth nations.
Who Is This For?
Our buyers include:
- Entrepreneurs, professionals, and executives seeking a Mediterranean lifestyle
- Retirees looking for flexibility without tying up too much capital
- Families dreaming of sunny summer holidays with full comfort
- Investors wanting real value — without Airbnb risks or maintenance stress
With Palmallorca Co-Ownership, you get the lifestyle you want — with none of the ownership headaches.
Use It. Enjoy It. Resell It.
Each share comes with a fair, transparent booking system based on rotation. You’ll always know your usage rights and can plan far in advance — up to 24 months ahead.
If your needs change, you can resell your share through the Palmallorca platform, backed by legal documentation and community trust. There’s no lock-in and no hidden costs.
Let’s Talk
If you’ve ever dreamed of owning a home in Europe — but didn’t think it was possible — Palmallorca Co-Ownership might be your answer.
Our team lives and works in Mallorca. We create access to top-tier homes, manage every detail professionally, and make the process simple and transparent — for people like you.
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.
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.
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.
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.
Mallorca Dreams for Non-EU Buyers
How Americans, Brits, Canadians, and other non-EU citizens can legally co-own a home in Mallorca — without full ownership or visa hurdles.
Want to Learn More?
Explore how you can own a slice of paradise — without the burden of full ownership.
👉 Discover the Palmallorca Co-Ownership Model
👉 Browse Available Co-Owner Properties on Homesinmallorca.com
Join the Palmallorca Co-Owner Community — it’s free to become a member and get started.
