Changelog

City guide Formentera

• Method Generated ⁠Researched
• 1-Bedroom Purchase Price (City Center) Approx. €9,500 per m² (e.g., 60 m² = €570,000). ⁠Fotocasa October 2026 puts the municipality at 8,943 euro per square metre, with no split…
• 1-Bedroom Purchase Price (Outside City) Approx. €7,000 per m² (e.g., 60 m² = €420,000). ⁠Fotocasa October 2026 does not publish a separate outskirts rate. The municipal asking…

Fix pass. Tap Water now uses the shared Spain wording. SIM Card now states the country prep’s 28-day bundle, removing the separate card-validity detail. Corporate Tax and Tax System use the corrected comparison-city wording. Dividend Withholding Tax adds the non-resident rate and treaty caveat. Highest Income Tax Bracket distinguishes the national withholding guideline from combined regional rates and includes the country profile’s effective top. Attractive Tax System for Digital Nomads explicitly includes eligible international-telework employees and the 600,000 euro threshold. Updated research attribution and date, and added the Orange tariff-table citation. Best Coworking Space, Best Hospital, Religious Sites and Historical Sites now have explicit evidence limitations under Not verified; their item values are unchanged. (https://www.orange.es/tarifas/movil/prepago, https://en.wikivoyage.org/wiki/Spain, https://taxsummaries.pwc.com/spain/individual/taxes-on-personal-income, https://taxsummaries.pwc.com/spain/individual/residence, https://sede.agenciatributaria.gob.es/Sede/en_gb/ayuda/manuales-videos-folletos/manuales-practicos/manual-tributacion-no-residentes/regimenes-opcionales/regimen-especial-impatriados.html)

City guide Famara

• Best Local Dish to Try Papas Arrugadas with Mojo Verde/Rojo and fresh grilled wreckage fish (Cherne). ⁠Papas arrugadas con mojo: small potatoes cooked in salt water and served with mojo picón…
• Best Taxi/Ride App No Uber/Bolt. Use local Taxis (Radio Taxi Lanzarote: +34 928 524 222). Famara to Airport… ⁠There is no Uber on Lanzarote. A taxi from the airport to the village is about 35 to 40…
• Budget Accommodation Red Star Surf & Yoga Camp, ZooPark Famara (approx. €25-€35/night for dorms). ⁠Red Star Surf and Yoga Camp, Avenida el Marinero 9: a private room in a surf house from…
• Cashless Friendly Mostly yes, though some small bars prefer cash for transactions under €5. ⁠Cards are widely accepted. Some shops ask to see photo identification before taking a…
• City Caleta de Famara, Lanzarote, Canary Islands, Spain ⁠Caleta de Famara, a locality of Teguise on Lanzarote, Canary Islands. It sits at the south…
• Community Centers Centro Sociocultural de Famara (Local meetings and occasional workshops). ⁠Line 31 stops at C.S.C. Caleta de Famara, the sociocultural centre, just before the…
• Controlled Foreign Company (CFC) Rules Yes, strict Spanish/EU anti-evasion rules apply. ⁠Yes. Spanish rules can tax a foreign company when Spanish residents hold over 50 percent…
• Corporate Tax 4% (Special ZEC Zone - Canary Islands Special Zone, requires investment and job creation). ⁠The general corporation-tax rate is 25 percent. Authorised Canary Special Zone entities…
• Cultural Districts The historic center of Teguise for colonial architecture and artisan shops. ⁠The old streets of Villa de Teguise, the former capital.
• Currency & Banking 1 EUR ≈ 1.09 USD. Major credit cards accepted, but keep cash for small surf shops. ⁠Euro (EUR). On 19 October 2026 the ECB reference rate was 1 euro = 1.1225 US dollars, so…
• Cycling/Walking Paths The coastal sand track from Famara to Caleta de Caballo (hiking/trail running). ⁠Camino Risco Famara runs from the village north beneath the cliffs.
• Dividend Withholding Tax 19% - 28% depending on amount (Standard Spanish rates, though ZEC has exemptions). ⁠Dividends are savings income: 19 percent on the first 6,000 euros, 21 percent to 50,000…
• Highest Income Tax Bracket 47% (Varies slightly by autonomous region). ⁠The 2026 national withholding guideline reaches 47 percent above 300,000 euros. The Spain…
• Highway Access LZ-402 connects Famara to Teguise and the main LZ-1 highway. ⁠The LZ-402 runs about 9.5 km from the LZ-30 south of Teguise to Caleta de Famara, where it…
• Historic Buildings Castillo de Santa Bárbara (Teguise) overlooking the island. ⁠Castillo de Santa Bárbara, Avenida Gran Aldea, in Villa de Teguise.
• Historical Sites Villa de Teguise (Oldest town in Canary Islands, 15 min drive). ⁠Villa de Teguise, the former island capital, with cobbled streets and the Sunday market.
• Local Heritage The legacy of César Manrique, ensuring no buildings over two stories and white/green/blue… ⁠César Manrique campaigned for low-rise building on Lanzarote. The island joined the UNESCO…
• Local Markets Teguise Sunday Market (the largest outdoor market in the Canary Islands). ⁠The Teguise Sunday market. Extra buses run that day from Arrecife, Puerto del Carmen and…
• Main Train/Transit Hub No trains. Principal bus hub is Estación de Guaguas in Arrecife. ⁠There is no train. The island bus station is Estación de Guaguas, Rambla Medular…
• Museums & Art Venues LagOmar Museum (Nazaret) - former home of Omar Sharif built into volcanic caves. ⁠LagOmar Museum, Calle Los Pinguinos, in the Oasis de Nazaret estate, Nazaret (Teguise). A…
• Must-See Landmarks Riscos de Famara (dramatic cliffs) and the shipwreck visible at low tide. ⁠The Risco de Famara, the cliff behind the beach. Camino Risco Famara leaves the village…
• National Parks Nearby Timanfaya National Park (Volcanic landscapes, 30 min drive). ⁠Timanfaya National Park. The Montañas del Fuego visit is 30 euros for an adult, free for…
• Nearby Nature Escapes Chinijo Archipelago (Glass bottom boat from Orzola to Isla Graciosa). ⁠La Graciosa, in the Chinijo archipelago, is a ferry of about 30 minutes from Órzola. You…
• Population Approx. 1,100 ⁠The compact locality was 943 people on 1 January 2025. The village article still prints…
• Power 230V, 50Hz, 🔌 Type C/F sockets ⁠230 V, 50 Hz, Type C and F sockets (Europlug and Schuko).
• Property Tax Yes, IBI (Impuesto sobre Bienes Inmuebles) based on the cadastral value. ⁠IBI is an annual municipal tax on owning real estate, and the town sets the rate. A…
• Property Transaction Tax 6.5% ITP (Transfer Tax) in the Canary Islands for resale properties. ⁠In the Canary Islands the general transfer tax on real estate is 6.5 percent in 2026. A…
• Public Transport Passes IntercityBus Lanzarote. Use the 'Bono Bus' card for 20% discounts on fares. ⁠The visitor Bono General is a 2 euro card with a 10 percent discount and top-ups from 5 to…
• Regional Travel Bus Line 20 (Arrecife-Famara) and Line 31 (Costa Teguise-Famara). ⁠Line 20 runs from the Arrecife bus station through San Bartolomé, Mozaga, Tao, Tiagua…
• SIM Card Digi (best value), Movistar (best coverage), Vodafone. 20GB for approx €10. ⁠Buy a prepaid SIM at an Orange or Movistar shop; identification is usually required…
• Scenic Viewpoints Mirador del Río (designed by Manrique) overlooking La Graciosa. ⁠Mirador del Río, on the LZ-202 in Haría, is a lookout designed by César Manrique. The…
• Street Food Stalls Teguise Sunday Market (15 mins away) for local snacks, cheeses, and empanadas. ⁠The Teguise Sunday market is the best known on the island. Extra buses run that day from…
• Tap Water Not drinkable (desalinated). Buy 5L or 8L jugs at Supermercado Otilia for €1.40. ⁠Generally safe to drink nationwide; water in southern Spain may have a higher mineral…
• Tax System Spanish Resident (Worldwide income) but with specific Canary Island indirect tax (IGIC)… ⁠Residents pay Spanish income tax on worldwide income. Non-residents pay tax on…
• Theater Venues Teatro Víctor Fernández Gopar 'El Salinero' in Arrecife. ⁠Teatro Víctor Fernández Gopar, known as El Salinero, on Rambla Medular in Arrecife.
• VAT 7% (Known as IGIC in the Canary Islands, much lower than 21% on mainland Spain). ⁠The Canary Islands do not charge mainland VAT. The local sales tax is IGIC. The…
• Yoga & Wellness Centers Yoga Famara (classes on the dunes or in-studio for approx €12-€15). ⁠Red Star Surf, Avenida el Marinero 9, runs a 60-minute yoga class on Monday, Tuesday…

fix pass aligned Tap Water, SIM Card, Tax System, Highest Income Tax Bracket and Attractive Tax System for Digital Nomads with the shared Spain prep and comparison cities; added direct address evidence for Yoga & Wellness Centers. Marked unresolved address, price, duration and nearest-space claims for Best Taxi/Ride App, Best Hospital, Affordable Shopping Spots, Museums & Art Venues, Art Galleries, Historic Buildings, Theater Venues and Best Coworking Space under Not verified; refreshed research date and attribution (https://en.wikivoyage.org/wiki/Spain, https://taxsummaries.pwc.com/spain/individual/taxes-on-personal-income, https://www.redstarsurf.com/surfcamp/).