Live the Mediterranean Dream: Your Comprehensive Guide to Settling in Mallorca

3 min readJul 12, 2023

Legalities Simplified: Why You Need a Trustworthy Legal Partner

Moving to a new country is an exciting adventure, but it can also be a complex process. Spain, with its intricate bureaucracy, can be particularly challenging. The paperwork involved can be overwhelming and time-consuming. This is where a reliable legal partner comes into the picture. A law firm experienced in handling international clients can be a lifesaver. They can navigate the legal maze on your behalf, saving you time and stress.

Visa Voyage: Charting Your Path to Spanish Residency

Before you start your Spanish sojourn, it’s crucial to understand the visa requirements. The type of visa you need will depend on your citizenship. EU and non-EU citizens have different pathways to Spanish residency. One attractive option is the Golden Visa, which is available to those who can make substantial investments in Spain, either in property or business.

Your Spanish Identity: Securing a NIE Number and Bank Account

One of the first steps in your Spanish journey is obtaining a NIE number. This is your identification number with the Spanish tax office, and it’s essential for setting up bank accounts, purchasing property, and more.

When it comes to banking, you have a plethora of options. Traditional banks like BBVA, Santander, and Sabadell are reliable choices, but be prepared for a fair amount of paperwork. These banks can also assist you with mortgages and investments.

For a more modern approach, consider internet banks such as Revolut, Wise, and N26. They offer easy management through mobile apps and can handle salary deposits and bill payments. Bizum is another useful app for sending and receiving money within Spain.

Related: What Is the Golden Visa?

Home Hunting in Mallorca: Making the Right Choice

If you’re planning to make Mallorca your long-term home, investing in property can be a smart move. It can also be your ticket to obtaining the Golden Visa.

However, if you’re new to the island, consider renting for the first 12 months. Mallorca is a diverse island with a variety of living options. From the bustling city life of Palma to the serene ocean views or the tranquil countryside, there’s something for everyone. Each area has its own unique advantages in terms of schools, facilities, and prices.

Once you’re ready to buy, remember the importance of a trusted legal service. They can help you navigate language barriers and potential issues. After purchasing your new home, consider setting up a Spanish Will to align your estate with Spain’s specific inheritance laws.

Related: Living in Palma

Prioritizing Health and Education: Choosing the Right Location

If you’re moving with your family, the proximity to quality international schools and healthcare facilities can be a deciding factor in choosing your location. Mallorca offers a variety of options in different parts of the island.

The Cost of Living the Dream: Practical Tips and Costs

Understanding the cost of living in Mallorca can help you plan your move better. We’ve compiled some of the day-to-day costs and examples of rent and other common expenses to give you an idea of what to expect.

Concluding Remarks

Relocating to Mallorca is an exciting adventure filled with new experiences and opportunities. By understanding the legalities, visa process, banking options, and cost of living, you can make your move as smooth as possible. Remember, the key to a successful relocation is planning and preparation. So, whether you’re drawn to the vibrant city life of Palma, the tranquil beaches, or the peaceful countryside, Mallorca has something to offer everyone. Welcome to your new home in the sun!