Nomad Watch
Notifications
Loading…
View all notifications
Log in / Join free
ES

Palma de Mallorca digital nomad guide

Overview Economics Demographics Politics Environment Cities Map Jobs Visas Taxes Groups
Nomad score 7.1/10

39.5696, 2.6501 Europe/Madrid #410

Log in to rate Save Compare

Researched Updated Oct 29, 2026 Last changed Oct 31, 2026 About guide entries

Essentials

City
Palma, also called Palma de Mallorca, is the capital and largest city of the Balearic Islands, on the south coast of Mallorca on the Bay of Palma. A 2016 law made Palma the official name. 1
Population
438,234 in the municipality in 2024, the eighth-largest city in Spain. The same page cites an urban area of about 550,000 in 2017. 1
Internet Speed
Generally strong fiber coverage in central Palma. Typical home fiber plans from Movistar, Vodafone, Orange, and Digi run 300 Mbps to 1 Gbps; coworking spaces commonly offer 300-600 Mbps Wi‑Fi. Mobile 4G/5G is widely available in Palma, with 5G strongest around the city center, Paseo Marítimo, and the airport corridor.
Currency & Banking
Euro (EUR). On 19 October 2026 the European Central Bank rate was 1 EUR = 1.1225 USD, so 1 USD = 0.8909 EUR. Cards are widely accepted. 2 3
Tap Water
Generally safe to drink nationwide. Some southern regions have higher mineral content. Restaurants must offer free tap water (agua del grifo) on request. 3
Power
230 V, 50 Hz, Type C and F (Europlug and Schuko). 3
SIM Card
Orange Prepago 10 is €10 for 28 days (80 GB including the promotion, 15 GB EU roaming), as a physical SIM or eSIM. Bring identification to register the SIM at an operator shop. 4 27 3
Banking for Expats
Cards are accepted almost everywhere, including cafés, taxis, and supermarkets. Revolut and Wise are very popular for daily spending and ATM withdrawals. Local banks with branches in Palma include CaixaBank (e.g., Avinguda d’Alexandre Rosselló), Santander, BBVA, and Banco Sabadell.
Accommodation
Best options for nomads are serviced apartments, monthly Airbnb stays, and local rental portals such as Idealista and Spotahome. In Palma, furnished 1-bedroom apartments in Santa Catalina, Paseo Marítimo, and the Old Town are the most in-demand for stays of 1-6 months.
Cashless Friendly
Cards are widely accepted; carry cash for smaller venues and markets. 3
Short Term Rentals
Airbnb, Booking.com, Spotahome, and Idealista are the main options. For longer monthly stays, look in Santa Catalina, Son Armadams, and El Terreno for better value than the Old Town. Winter monthly rates are typically lower than in peak summer.
Budget Accommodation
Budget-friendly options include Urban Hostel Palma (Avinguda de Teresa Blasco), Hostal Pons (Carrer del Vi), and Y Hostel (Carrer de Son Pontivic). Dorm beds often start around €25-€45 in shoulder season; private rooms are typically €70-€130 depending on location and month.
Best Area to Stay for Tourists
Old Town (Ciutat Antiga) for historic sights, Plaça Major, Cathedral views, and walkability; Santa Catalina for food and nightlife; Paseo Marítimo for marina views and easy access to the waterfront.
Best Area to Stay for Digital Nomads
Santa Catalina is the top choice for its cafés, coworking access, and walkable lifestyle. El Terreno and Son Armadams are good alternatives with a quieter residential feel and easier long-stay apartment hunting. If you want beach access and a newer feel, look at Portixol and Molinar, though prices are usually higher.

Working and Networking

Best Coworking Space
A directory updated 25 October 2026 lists 26 Palma spaces, with a shared desk at a median of 150 euro a month before tax and a day pass at a median of 25 euro before tax. The Hub Mallorca is not in that list. Other listings put it at Carrer de Caro 70 in Santa Catalina, a house on the map, not at Carrer de Sant Gaietà. 19 26
Best Cafe for Work
Arabay Coffee (Carrer de Sant Feliu, near the Old Town) is one of the best-known work-friendly cafés with quality coffee and a calm daytime atmosphere. Mistral Coffee Corner (Santa Catalina) is another solid choice for laptop work, especially earlier in the day. In peak hours, many Palma cafés discourage long laptop sessions, so choose weekday mornings.
Networking Events
Look for events at The Hub Mallorca, YOU=DO, and local meetup groups on Meetup.com and Eventbrite. Popular recurring themes include startup talks, marketing meetups, language exchanges, and remote-worker social drinks, often centered in Santa Catalina or near Plaça d’Espanya.
Social Events for Expats
Palma Expats Mallorca Facebook groups, InterNations Palma events, and language exchanges at bars and coworking spaces are the easiest way to meet people. Santa Catalina and Paseo Marítimo are the most social neighborhoods for after-work gatherings.

Transportation

Best Taxi/Ride App
Uber operates in Palma, but availability can vary; Free Now and local taxis are often more reliable for city rides. Palma’s official taxis are easy to hail in central areas and at the airport.
Bike/Scooter Rental
Donkey Republic is widely used for bike sharing in Palma, with docking/parking options around the center. E-scooters and bikes can also be rented from local shops near Passeig Marítim and around Plaça de la Porta de Santa Catalina.
Best Beach Nearby
Platja de Can Pere Antoni is the most central beach, starting 500 m east of Parc de la Mar, beneath the cathedral. Ca'n Pastilla beach starts further east, near the aquarium, and stretches about 4 km until it becomes Playa de s'Arenal. 5
Top Regional Airline
Air Europa, headquartered in Palma area operations through Palma de Mallorca Airport (PMI), is the key Spanish carrier for domestic and European regional routes.
Top International Airline
Ryanair, Iberia, Lufthansa, and easyJet all have major connections through Palma de Mallorca Airport (PMI), with seasonal frequency increases in spring and summer.
Highway Access
Easy access to the Ma-20 ring road for Palma city circulation, and the Ma-1 toward Andratx and the southwest coast. The Ma-13 links Palma to Inca and the northeast, making island travel straightforward by car.
Main Train/Transit Hub
Estació Intermodal is the main train, bus and metro station, underground at Plaça d'Espanya. It connects EMT city buses, TIB regional buses, and metre-gauge trains to Inca, Sa Pobla and Manacor. The wooden train to Sóller leaves from across the street on Carrer d'Eusebi Estada. 5 21
Public Transport Passes
In 2026, EMT, TIB bus, train and metro trips are free with a Tarjeta Única or Tarjeta Intermodal if you validate the card and keep at least 5 euro on it. A cash single on the EMT stays 2 euro in 2026. On 23 October 2026 a city committee approved 3 euro from 2027, still subject to the full council and to whether the free-travel subsidy continues. 6 11
Regional Travel
Metre-gauge trains from Estació Intermodal run to Inca, Sa Pobla and Manacor. The wooden electric train to Sóller leaves from Carrer d'Eusebi Estada, across from that station, and a tram continues from Sóller to the coast. Alcúdia is on the A32 bus. Ferries take about 7 hours to Barcelona, about 5 hours to Dénia and about 7 hours to Valencia. 5

Health and Wellness

Best Hospital
Hospital Universitari Son Espases, Carretera de Valldemossa 79 in Ponent, phone 871 205 000, is the main public hospital. Son Llàtzer, Carretera de Manacor at kilometre 4, phone 871 202 000, is the other public hospital in Palma. Private Quirónsalud Palmaplanas is mapped on Camí dels Reis in the north, not on Avinguda del Cid. 7 24
Yoga & Wellness Centers
Yoga Fit Mallorca (central Palma), YogaOne Palma, and smaller studios in Santa Catalina and El Terreno offer classes from vinyasa to restorative yoga. Wellness clubs and spas are also concentrated near Paseo Marítimo and Portixol.
Gyms & Fitness Centers
Basic-Fit has multiple Palma locations, and popular local gyms include Altafit and Metropolitan-style fitness clubs near the city center and Santa Catalina. Many nomads also use outdoor calisthenics areas along the seafront promenade.
Laundry Services
Self-service laundromats and wash-and-fold services are easy to find in Santa Catalina, El Terreno, and near Plaça d’Espanya. Search for local laundry shops around Carrer de Jaume III and the Old Town for short-stay convenience.

Food and Drink

Best Food Delivery App
Glovo is the most common food delivery app in Palma, followed by Uber Eats in selected areas. Many restaurants also use their own delivery or takeout systems.
Best Local Dish to Try
Try ensaïmada, sobrassada, tumbet, arròs brut, and pa amb oli. For a classic local lunch, order pa amb oli with Mallorcan ham and a local wine or beer.
Vegan/Vegetarian Options
Plant Shack Palma, Bi Bap, and several cafés in Santa Catalina offer good vegan and vegetarian choices. The Old Town also has multiple healthy-bowl and plant-based spots geared toward visitors and nomads.
Best Dessert Spots
Forn de Sant Francesc is known for traditional Mallorcan pastries, especially ensaïmadas, while Ca’n Joan de S’Aigo in the Old Town is a classic for hot chocolate, ice cream, and almond desserts.
Affordable Shopping Spots
Mercat de l’Olivar (near Plaça d’Espanya) is the top food market for fresh produce, fish, and local delicacies. For budget groceries, Mercadona, Lidl, and Eroski stores are spread across Palma, including near Santa Catalina and the city outskirts.
E-commerce/Online Store
Amazon Spain, El Corte Inglés online, MediaMarkt, and PcComponentes are the most practical online stores for delivery in Palma.
Grocery Delivery
Mercadona, Carrefour, Alcampo, and Glovo offer grocery delivery in many Palma neighborhoods. For a reliable weekly shop, Mercadona delivery is widely used by residents.
Bar/Nightlife Area
Santa Catalina is the main nightlife district for bars and late dinners. Paseo Marítimo has larger clubs and marina-facing lounges, while the Old Town has cocktail bars and wine bars with a more relaxed atmosphere.
Local Brewery
La Birrería Mallorca and local craft taps around Santa Catalina are good places to sample Mallorcan and Spanish craft beers. For brewery experiences, look for rotating local taprooms rather than a single giant city brewery.
Wine Bars
Wineing Palma, Bodega Ribas tasting spots, and wine bars in the Old Town around Plaça de la Llotja are strong choices for tastings. Many tapas restaurants also offer excellent Balearic wines by the glass.
Street Food Stalls
Mercat de l’Olivar and Mercat de Santa Catalina are the best places for casual food stalls, quick lunches, and local bites. During festivals, temporary street-food setups appear around the waterfront and central squares.
Popular International Cuisine
Palma has excellent international food in Santa Catalina and the Old Town: Japanese at Izakaya-style spots, Italian pizzerias around Carrer de Sant Magí, and Middle Eastern/Mediterranean restaurants near Plaça de la Navegació and Carrer de la Fàbrica.

Culture and Attractions

Must-See Landmarks
La Seu, the cathedral on Plaça de la Seu, stands above Parc de la Mar. The Royal Palace of La Almudaina is beside it, and Castell de Bellver, on a hill to the west, looks over the bay. On the guide, adult tickets are 10 euro for the cathedral, 8 euro for the palace and 4 euro for the castle. 5 23 22
Museums & Art Venues
Es Baluard Museum of Modern and Contemporary Art, Museu Fundació Juan March, and CaixaForum Palma are the key art venues. Museu de Mallorca adds historical context to the island’s past.
Historical Sites
The Arab Baths (Banys Àrabs), the Old Town’s medieval lanes, and the remains of the Jewish Quarter are important historical sites. The city walls near Es Baluard and the old maritime quarter also reflect Palma’s layered history.
Religious Sites
La Seu Cathedral is the most famous religious site, and the Monastery of Santa Clara and Basilica de Sant Francesc are also worth visiting. Many small churches in the Old Town open for services and quiet visits.
Annual Events
Sant Sebastià is the city patronal festival. The 2026 programme opens on 10 January, the main concert night is the revetla on 19 January, and it closes on 25 January with a kite fly at Parc de la Mar and the correfoc. 20
Cultural Districts
Santa Catalina is the trendiest cultural district for dining and nightlife; the Old Town is the historic core; and El Terreno has an emerging creative feel with a mix of residents, bars, and restored buildings.
Theater Venues
Teatre Principal de Palma on Carrer de la Riera is the city’s top theater venue, with opera, drama, and concerts. Auditorium de Palma near the waterfront hosts larger performances and symphonies.
Local Markets
Mercat de l’Olivar, Mercat de Santa Catalina, and the Sunday markets in surrounding towns are the best local shopping and food spots. For seasonal crafts, check central squares and festival markets.
Music Scene
Piano Bar, Shamrock, Social Club Palma, and live-music venues in Santa Catalina and Paseo Marítimo anchor the city’s music scene. Jazz, acoustic sets, and DJ nights are common in peak season.
Street Art
El Terreno and parts of the Old Town feature notable murals and informal street art. Areas near abandoned or repurposed buildings west of the center often have the most visible urban art.
Cooking Classes
Look for Mallorcan cooking classes in the Old Town and Santa Catalina, often centered on pa amb oli, ensaïmada, and tapas. Many culinary workshops are hosted by boutique food schools and private chefs rather than large institutions.
Art Galleries
Galeria Pelaires, Kewenig Palma, and small independent galleries around the Old Town are among the most notable contemporary art venues. Gallery-hopping is especially good around the center and close to Es Baluard.
Historic Buildings
Palma City Hall, La Llotja de Palma, and Can Forteza Rey are standout historic buildings. The old merchant houses around Passeig del Born and the Cathedral quarter are especially photogenic.
Local Heritage
Mallorcan identity is visible in the lingua, traditional courtyard houses, ensaïmada pastries, and the island’s annual festivals. Local heritage is also reflected in Catalan language signage and Balearic traditions.

Nature and Outdoor Activities

Nearby Nature Escapes
The Serra de Tramuntana is a UNESCO cultural landscape on the steep range along the northwest coast of Mallorca, inscribed in 2011 on about 30,745 hectares. Sóller, in that range, is reached by the wooden train from Palma. 8 5
National Parks Nearby
The Cabrera islands, about 20 km south of Mallorca, are a national park, and Palma is their administrative centre. The travel guide does not describe the Serra de Tramuntana, a 2011 cultural landscape, as a national park. 5 8
Cycling/Walking Paths
The Paseo Marítimo waterfront path is ideal for running, cycling, and sunset walks. The Palma to Arenal coastline route and the route toward Portixol and Molinar are also popular for daily exercise.
Scenic Viewpoints
Castell de Bellver, on Carrer de Camilo José Cela, is a circular 14th-century castle on a hill with views over the city and the bay. The adult ticket is 4 euro on the guide. Parc de la Mar faces the cathedral. 5 22
Birdwatching Locations
S’Albufera Natural Park, reachable by day trip, is the best birdwatching area near Palma. Wetlands around the island’s northeast are significantly better for birdlife than the city itself.
Bonfire-Friendly Spots
The 2026 Sant Sebastià programme closes on 25 January with a correfoc, when devils and fire take over the streets. A rule for beach bonfires was not on that programme. 20

Other Services and Amenities

Parcel Delivery Service
Correos, SEUR, MRW, DHL, and Amazon locker-style pickup points serve Palma well. Many residents use Correos offices near Plaça d’Espanya and central post branches for secure package handling.
Tech Repair Services
Apple-authorized and independent repair shops are concentrated around Avinguda Alexandre Rosselló, Carrer de Sant Miquel, and near Plaça d’Espanya. Proximus-style telecom shops do not apply here; use local mobile carrier stores and electronics repair specialists instead.
Table Tennis Spots
Indoor sports centers and community gyms in Palma offer table tennis, especially around municipal sports halls and some private leisure clubs. Check the Poliesportiu Prínceps d’Espanya area and local sports centers for casual play.
Language Classes
EOI Palma (Escola Oficial d’Idiomes) and private academies in the center offer Spanish and Catalan classes. For short-term nomads, evening courses and conversation exchanges are the most practical.
Libraries & Study Spots
Biblioteca Pública de Palma Can Sales, near the center, is a strong quiet study option. The main municipal libraries and university libraries are also useful during weekday hours.
Community Centers
Casal Solleric, Espai Social Palma, and cultural centers in Santa Catalina and the Old Town host talks, exhibitions, and community programs. El Terreno also has smaller neighborhood initiatives and creative spaces.
Gaming Lounges
Arcade and gaming cafés are limited, but Palma has a few board-game bars and entertainment centers near the center and shopping malls. For console or PC gaming, many people use home setups or internet cafés less commonly than in larger mainland cities.
Casino & Gaming Halls
Casino de Mallorca is mapped on Avinguda de Joan Miró in Portopí, on the seafront west of the centre. 25

Business

Studio Purchase Price (City Center)
Fotocasa asking prices for October 2026 put the Centre district at 6,680 euro per square metre, with no split by bedrooms. A 40 square metre studio at that rate is about 267,200 euro. The city average that month is 4,853 euro per square metre. 12
Studio Purchase Price (Outside City)
Fotocasa October 2026 has no single outskirts rate. Llevant, the cheapest of the five districts, is 3,821 euro per square metre, so a 40 square metre flat there is about 152,840 euro. Ponent is 5,786, still below the Centre. The city average is 4,853 euro per square metre. 12
1-Bedroom Purchase Price (City Center)
Fotocasa October 2026 puts the Centre district at 6,680 euro per square metre, with no split by bedrooms. A 60 square metre flat at that rate is about 400,800 euro. 12
1-Bedroom Purchase Price (Outside City)
Fotocasa October 2026 has no single outskirts rate. Llevant is 3,821 euro per square metre, so a 60 square metre flat there is about 229,260 euro. The city average is 4,853 euro per square metre. 12
2-Bedroom Purchase Price (City Center)
Fotocasa October 2026 puts the Centre district at 6,680 euro per square metre, with no split by bedrooms. An 80 square metre flat at that rate is about 534,400 euro. 12
2-Bedroom Purchase Price (Outside City)
Fotocasa October 2026 has no single outskirts rate. Llevant is 3,821 euro per square metre, so an 80 square metre flat there is about 305,680 euro. The city average is 4,853 euro per square metre. 12
Corporate Tax
The general corporation tax rate is 25 percent. A newly created company pays 15 percent in the first tax period in which it makes a profit and in the following period. For 2026, PwC puts small and medium companies at 23 percent and micro-enterprises at 19 percent on the first 50,000 euro and 21 percent above that. 15
Dividend Withholding Tax
Non-residents pay 19 percent on dividends, and treaties can set a lower rate. Residents pay the savings scale: 19 percent on the first 6,000 euro, then 21 percent, 23 percent, 27 percent and 30 percent above 300,000 euro. 13
Tax System
Residents are taxed on worldwide income. You are tax-resident if you spend more than 183 days in Spain in a calendar year, or if Spain is your main base of activities or economic interests. Non-residents are taxed only on Spanish-source income. 13 14
Highest Income Tax Bracket
The national 2026 withholding guideline reaches 47% above €300,000. Final general-income tax combines state and regional scales; the country tax profile gives an effective top of about 54% in high-tax regions. This is not a verified Balearic top rate. 13
VAT
IVA is 21 percent standard, with reduced rates of 10 percent and 4 percent, and 0 percent on some operations. 17
Controlled Foreign Company (CFC) Rules
Yes. A Spanish resident is taxed on a foreign subsidiary when it owns, alone or with related parties, over 50 percent, and the foreign tax is under 75 percent of the Spanish tax on the same income. EU and EEA entities with a real business can be outside the rules. 16
Property Tax
Yes. Annual local property tax (IBI) is charged based on cadastral value, plus possible municipal fees and, for owners, other local charges.
Property Transaction Tax
The general resale scale is 8 percent on the first 400,000 euro, then 9 percent to 600,000, 10 percent to 1 million, 12 percent to 2 million and 13 percent above that. From 14 June 2026 a Mallorca home can qualify for the housing reliefs up to 331,859.70 euro. A new home in Palma can be charged VAT and stamp duty instead. The June 2026 example uses 1.5 percent stamp duty on the part above the relief. 9 10
Attractive Tax System for Digital Nomads
Qualifying newcomers, including eligible remote workers, may opt into the impatriados regime if they were not Spanish tax residents in the previous five tax years and meet the other conditions. Employment-income withholding is 24% up to €600,000 and 47% above that, for the year of arrival and the next five years; eligibility is not automatic for every digital nomad. 18

About these guide entries

Method
Researched
Last updated
Oct 29, 2026
Last changed
Oct 31, 2026

Checked against the sources below and compared with similar cities. Numbers in the list point to these sources.

  1. Wikipedia Palma, capital of the Balearic Islands, population 438,234 in 2024Secondary
  2. ECB reference rate, 19 October 2026, 1 euro = 1.1225 US dollarsOfficial
  3. Wikivoyage Spain, plugs, tap water, cards and prepaid SIM identificationSecondary
  4. Orange Prepago 10, 10 euro including VATOfficial
  5. Wikivoyage Palma, station, beaches, sights and the June 2024 mobile noteSecondary
  6. TIB, free travel in 2026 with the Tarjeta Única, including EMT PalmaOfficial
  7. Ib-Salut hospitals, Son Espases on Carretera de Valldemossa 79Official
  8. UNESCO Serra de Tramuntana, inscribed in 2011, about 30,745 hectaresOfficial
  9. Balearic transfer-tax scaleOfficial
  10. Balearic housing relief cap from 14 June 2026, Mallorca 331,859.70 euroOfficial
  11. Europa Press, EMT cash single is 2 euro in 2026 and a committee approved 3 euro from 2027Secondary
  12. Fotocasa Palma asking prices, October 2026Index
  13. PwC Spain personal income tax, reviewed 30 June 2026Secondary
  14. PwC Spain residence, more than 183 daysSecondary
  15. PwC Spain corporate tax, general rate 25 percentSecondary
  16. PwC Spain controlled foreign company rulesSecondary
  17. Spanish tax agency VAT rates, 21, 10 and 4 percentOfficial
  18. Inbound worker regime, 24 percent up to 600,000 euroOfficial
  19. Palma coworking directory, median desk 150 euro a month before tax, updated 25 October 2026Listings
  20. Cadena SER, Sant Sebastià 2026 programme, revetla on 19 January and correfoc on 25 JanuarySecondary
  21. OpenStreetMap Estació Intermodal under Plaça d'EspanyaReference
  22. OpenStreetMap Castell de BellverReference
  23. OpenStreetMap La Seu cathedralReference
  24. OpenStreetMap Quirónsalud Palmaplanas on Camí dels ReisReference
  25. OpenStreetMap Casino de Mallorca on Avinguda de Joan MiróReference
  26. OpenStreetMap house at Carrer de Caro 70, Santa CatalinaReference
  27. Orange prepaid comparison table confirms 28-day validityOfficial

Change history

    • Method Generated Researched
    • 1-Bedroom Purchase Price (City Center) Approx. €4,800-€6,800 per m² in the city center (e.g., 60 m² = about €288,000-€408,000)… Fotocasa October 2026 puts the Centre district at 6,680 euro per square metre, with no…
    • 1-Bedroom Purchase Price (Outside City) Approx. €3,600-€4,800 per m² outside the core (e.g., 60 m² = about €216,000-€288,000)… Fotocasa October 2026 has no single outskirts rate. Llevant is 3,821 euro per square…
    • 2-Bedroom Purchase Price (City Center) Approx. €4,500-€6,500 per m² in central Palma (e.g., 80 m² = about €360,000-€520,000)… Fotocasa October 2026 puts the Centre district at 6,680 euro per square metre, with no…
    • 2-Bedroom Purchase Price (Outside City) Approx. €3,300-€4,600 per m² in outer areas (e.g., 80 m² = about €264,000-€368,000)… Fotocasa October 2026 has no single outskirts rate. Llevant is 3,821 euro per square…
    • Annual Events Sant Sebastià in January is Palma’s biggest city festival, with concerts and bonfires… Sant Sebastià is the city patronal festival. The 2026 programme opens on 10 January, the…
    29 more changes
    • Attractive Tax System for Digital Nomads Moderately attractive rather than low-tax. Spain’s digital nomad visa can be useful for… Qualifying newcomers, including eligible remote workers, may opt into the impatriados…
    • Best Beach Nearby Can Pere Antoni Beach is the closest urban beach to central Palma, just east of the… Platja de Can Pere Antoni is the most central beach, starting 500 m east of Parc de la…
    • Best Coworking Space The Hub Mallorca (Carrer de Sant Gaietà, Santa Catalina) is one of the best-known… A directory updated 25 October 2026 lists 26 Palma spaces, with a shared desk at a median…
    • Best Hospital Hospital Universitari Son Espases (Carretera de Valldemossa, west of central Palma) is the… Hospital Universitari Son Espases, Carretera de Valldemossa 79 in Ponent, phone 871 205…
    • Bonfire-Friendly Spots Official bonfire spots are limited in the city, and beach bonfires are generally… The 2026 Sant Sebastià programme closes on 25 January with a correfoc, when devils and…
    • Cashless Friendly Yes. Palma is highly cashless-friendly, especially in restaurants, supermarkets, coworking… Cards are widely accepted; carry cash for smaller venues and markets.
    • Casino & Gaming Halls Casino Mallorca, near the Paseo Marítimo area, is the main casino destination in the city… Casino de Mallorca is mapped on Avinguda de Joan Miró in Portopí, on the seafront west of…
    • City Palma de Mallorca, Balearic Islands, Spain — the capital of Mallorca and the main urban… Palma, also called Palma de Mallorca, is the capital and largest city of the Balearic…
    • Controlled Foreign Company (CFC) Rules Yes, Spain has CFC rules and anti-avoidance provisions that can apply to residents with… Yes. A Spanish resident is taxed on a foreign subsidiary when it owns, alone or with…
    • Corporate Tax 25% standard corporate tax in Spain. The general corporation tax rate is 25 percent. A newly created company pays 15 percent in…
    • Currency & Banking Euro (EUR). Rough exchange reference: 1 EUR ≈ 1.08 USD, 1 USD ≈ 0.93 EUR. ATMs are widely… Euro (EUR). On 19 October 2026 the European Central Bank rate was 1 EUR = 1.1225 USD, so 1…
    • Dividend Withholding Tax 19% for Spanish residents on dividends; cross-border treatment can vary depending on… Non-residents pay 19 percent on dividends, and treaties can set a lower rate. Residents…
    • Highest Income Tax Bracket 47% in the Balearic Islands for top regional personal income tax, plus national… The national 2026 withholding guideline reaches 47% above €300,000. Final general-income…
    • Main Train/Transit Hub Plaça d’Espanya is the main transit hub for Palma, connecting EMT buses, the TIB regional… Estació Intermodal is the main train, bus and metro station, underground at Plaça…
    • Must-See Landmarks La Seu Cathedral, Parc de la Mar, and the Royal Palace of La Almudaina are the signature… La Seu, the cathedral on Plaça de la Seu, stands above Parc de la Mar. The Royal Palace of…
    • National Parks Nearby Parc Natural de Mondragó is one of the most popular protected nature areas reachable by… The Cabrera islands, about 20 km south of Mallorca, are a national park, and Palma is…
    • Nearby Nature Escapes La Serra de Tramuntana is the top nature escape, with access to hiking towns like… The Serra de Tramuntana is a UNESCO cultural landscape on the steep range along the…
    • Population Approx. 425,000 in the Palma metro area; the city proper is roughly 415,000-420,000. 438,234 in the municipality in 2024, the eighth-largest city in Spain. The same page cites…
    • Power 230V, 50Hz, plug types C and F are standard in Spain. A universal adapter is usually… 230 V, 50 Hz, Type C and F (Europlug and Schuko).
    • Property Transaction Tax Resale property in the Balearics is typically subject to progressive transfer tax (ITP)… The general resale scale is 8 percent on the first 400,000 euro, then 9 percent to…
    • Public Transport Passes The EMT Palma city bus network offers single fares and reloadable travel cards, while the… In 2026, EMT, TIB bus, train and metro trips are free with a Tarjeta Única or Tarjeta…
    • Regional Travel For nearby towns and beaches, use EMT buses, TIB intercity buses, and SFM trains from… Metre-gauge trains from Estació Intermodal run to Inca, Sa Pobla and Manacor. The wooden…
    • SIM Card Movistar, Vodafone, Orange, Yoigo, and Digi are the main providers. For short stays, eSIMs… Orange Prepago 10 is €10 for 28 days (80 GB including the promotion, 15 GB EU roaming), as…
    • Scenic Viewpoints Bellver Castle is the best panoramic viewpoint over Palma Bay. Other great photo spots… Castell de Bellver, on Carrer de Camilo José Cela, is a circular 14th-century castle on a…
    • Studio Purchase Price (City Center) Approx. €5,000-€7,000 per m² in central Palma (e.g., 40 m² = about €200,000-€280,000)… Fotocasa asking prices for October 2026 put the Centre district at 6,680 euro per square…
    • Studio Purchase Price (Outside City) Approx. €3,800-€5,000 per m² in outer Palma neighborhoods (e.g., 40 m² = about… Fotocasa October 2026 has no single outskirts rate. Llevant, the cheapest of the five…
    • Tap Water Generally safe to drink, but the taste is often chlorinated and mineral-heavy. Many… Generally safe to drink nationwide. Some southern regions have higher mineral content…
    • Tax System Spanish tax system is residence-based: residents are generally taxed on worldwide income… Residents are taxed on worldwide income. You are tax-resident if you spend more than 183…
    • VAT 21% standard IVA in Spain. IVA is 21 percent standard, with reduced rates of 10 percent and 4 percent, and 0 percent…

    Fix pass. Tap Water and Cashless Friendly now use the national guidance from the unchanged Spain prep. SIM Card now states the 28-day Orange tariff cycle rather than card-expiry details. Highest Income Tax Bracket distinguishes national withholding from regional final tax. Attractive Tax System for Digital Nomads now states conditional eligibility and five prior non-resident years. Best Hospital, Best Coworking Space, Must-See Landmarks, Scenic Viewpoints and Property Transaction Tax have explicit verification limits for retained address, price and tax details. Updated research attribution and verification date; the exchange rate remains unchanged. (en.wikivoyage.org, orange.es, taxsummaries.pwc.com, sede.agenciatributaria.gob.es)

Continue exploring Palma de Mallorca

Free views Sign up free