Essentials
| 🏙️ City | Palma de Mallorca is the capital city of the Balearic Islands in Spain, known for its stunning beaches and vibrant culture. |
| 👥 Population | Approximately 400,000. |
| 💻 Internet Speed | Average internet speed is around 100 Mbps. |
| 💸 Currency & Banking | 1 EUR ≈ 1.10 USD. |
| 🚰 Tap Water | Drinkable. |
| 🔌 Power | 230V, 50Hz, 🔌 Type C/E sockets. |
| 📶 SIM Card | Movistar, Vodafone, and Orange are popular mobile providers offering good coverage. |
| 💳 Banking for Expats | Popular options include BBVA, Santander, and Revolut. |
| 🛌 Accommodation | Options include Airbnb, Spotahome, and local real estate agents. |
| 💳 Cashless Friendly | Yes, cards are widely accepted. |
| 🏠 Short Term Rentals | Airbnb and Spotahome are the best platforms for short term rentals. |
| 🛏️ Budget Accommodation | Hostal Pinar is a popular budget-friendly option. |
| 🏙️ Best Area to Stay for Tourists | La Lonja and Santa Catalina neighborhoods are recommended for tourist accommodations. |
| 🏙️ Best Area to Stay for Digital Nomads | Santa Catalina and Paseo Marítimo are popular for long-term stays. |
Working and Networking
| 🏢 Best Coworking Space | The Hub Palma offers a vibrant community and workspace. |
| ☕ Best Cafe for Work | Cappuccino Grand Café is known for being work-friendly. |
| 💼 Networking Events | Meetups at CoWCo Palma provide great networking opportunities. |
| 🥂 Social Events for Expats | The Palma Expats Facebook group organizes various community meetups. |
Transportation
| 🚕 Best Taxi/Ride App | Bolting app is widely used for on-demand transport. |
| 🚲 Bike/Scooter Rental | Donkey Republic is a popular bike rental service. |
| 🏖️ Best Beach Nearby | Playa de Palma is one of the closest and highly rated beaches. |
| ✈️ Top Regional Airline | Air Europa serves regional flights efficiently. |
| ✈️ Top International Airline | Iberia and Vueling are major international carriers. |
| 🛣️ Highway Access | The Ma-20 highway provides easy access around Palma. |
| 🚉 Main Train/Transit Hub | Palma's main bus station and train station are located in Plaza de España. |
| 🚍 Public Transport Passes | Bus tickets range from €1.50 for a single journey to €40 for a monthly pass. |
| ✈️ Regional Travel | Buses and ferries connect Palma to other Balearic Islands. |
Health and Wellness
| 🏥 Best Hospital | Son Espases Hospital is the main public healthcare facility. |
| 🧘 Yoga & Wellness Centers | The Yoga Tree offers a variety of classes for different levels. |
| 🏋️ Gyms & Fitness Centers | Basic-Fit and David Lloyd are popular fitness establishments. |
| 🧺 Laundry Services | Lava-Clean offers reliable laundry services throughout the city. |
Food and Drink
| 📱 Best Food Delivery App | Glovo and Just Eat are popular for food delivery. |
| 🍽️ Best Local Dish to Try | Try 'Tumbet', a traditional vegetable dish. |
| 🍱 Vegan/Vegetarian Options | L'Illa del Gel offers a variety of vegetarian choices. |
| 🍫 Best Dessert Spots | La Rosa Vermella is famous for its pastries. |
| 🛒 Affordable Shopping Spots | Mercat de l'Olivar is a popular local market for budget shopping. |
| 🛒 E-commerce/Online Store | Amazon and local delivery services are widely available. |
| 🛒 Grocery Delivery | Local services like Mercadona offer grocery delivery. |
| 🍸 Bar/Nightlife Area | Puerto de Palma is known for its vibrant nightlife. |
| 🍻 Local Brewery | Cerveza Formentera is well-regarded for its craft beer. |
| 🍷 Wine Bars | Bodega Brijalba offers a wide selection of local wines. |
| 🍲 Street Food Stalls | The food trucks at Palma's festival events are popular spots. |
| 🍕 Popular International Cuisine | Restaurants like Tasty Asia offer a variety of international dishes. |
Culture and Attractions
| 🎟️ Must-See Landmarks | La Seu Cathedral is an iconic landmark in Palma. |
| 🏛️ Museums & Art Venues | Es Baluard Museum of Modern and Contemporary Art is a must-visit. |
| 🏰 Historical Sites | Palma's Old Town features historical architecture and sites. |
| 🕍 Religious Sites | The Basilica of St. Francis is a noteworthy religious site. |
| 🎉 Annual Events | Sant Joan celebrations attract many visitors every June. |
| 🎨 Cultural Districts | Santa Catalina is known for its local culture and community vibe. |
| 🎭 Theater Venues | Teatre Principal is Palma's main theater. |
| 🛍️ Local Markets | Mercat d'Es Jonquet offers a taste of local culture. |
| 🎼 Music Scene | Palma has a vibrant live music scene, especially during summer. |
| 🎨 Street Art | The area around La Lonja features interesting street art. |
| 🧑🍳 Cooking Classes | Palma Cooking offers various culinary classes. |
| 👩🎨 Art Galleries | Galeria Pelaires showcases local contemporary art. |
| 🕰️ Historic Buildings | Palma's Town Hall is an architectural highlight. |
| 🏴 Local Heritage | Mallorcan culture is celebrated through festivals and local traditions. |
Nature and Outdoor Activities
| 🌅 Nearby Nature Escapes | The Tramuntana mountain range provides stunning nature views and hikes. |
| 🏞️ National Parks Nearby | The Parc Natural de s'Albufera is great for wildlife enthusiasts. |
| 🚲 Cycling/Walking Paths | The coastal promenade is perfect for cycling and walking. |
| 🌄 Scenic Viewpoints | Mirador de Na Burguesa offers breathtaking views of Palma. |
| 🦉 Birdwatching Locations | S'Albufera National Park is excellent for birdwatching. |
| 🔥 Bonfire-Friendly Spots | Beaches like Platja de Palma allow beach bonfires in designated areas. |
Other Services and Amenities
| 📦 Parcel Delivery Service | DHL and Correos offer parcel delivery services. |
| 🛠️ Tech Repair Services | Tech Stop provides reliable electronics repair. |
| 🏓 Table Tennis Spots | Local parks often have table tennis tables set up. |
| 🧑🏫 Language Classes | Language schools such as ELI offer Spanish classes for expats. |
| 📚 Libraries & Study Spots | Biblioteca Pública de Palma is an excellent study spot. |
| 🏘️ Community Centers | Casal de Vacances de Palma is a cultural community center. |
| 🕹️ Gaming Lounges | Gaming venues are found in major malls like Porto Pi. |
| 🎰 Casino & Gaming Halls | Casino de Mallorca offers entertainment and gaming. |
Business
| 🏢 Studio Purchase Price (City Center) | Approx. €3,500 per m² (e.g., 40 m² = €140,000). |
| 🏢 Studio Purchase Price (Outside City) | Approx. €2,800 per m² (e.g., 40 m² = €112,000). |
| 🏠 1-Bedroom Purchase Price (City Center) | Approx. €3,200 per m² (e.g., 60 m² = €192,000). |
| 🏠 1-Bedroom Purchase Price (Outside City) | Approx. €2,500 per m² (e.g., 60 m² = €150,000). |
| 🏡 2-Bedroom Purchase Price (City Center) | Approx. €3,000 per m² (e.g., 80 m² = €240,000). |
| 🏡 2-Bedroom Purchase Price (Outside City) | Approx. €2,300 per m² (e.g., 80 m² = €184,000). |
| 💼 Corporate Tax | 25%. |
| 💵 Dividend Withholding Tax | 19%. |
| 🏦 Tax System | Resident tax system is based on worldwide income. |
| 📈 Highest Income Tax Bracket | 47%. |
| 🧾 VAT | 21%. |
| 🌐 Controlled Foreign Company (CFC) Rules | Yes, strict rules apply. |
| 🏠 Property Tax | Annual property tax applies based on cadastral income. |
| 🏠 Property Transaction Tax | 10% standard rate for property purchases. |
| 💻 Attractive Tax System for Digital Nomads | Certain programs allow lower taxes for digital nomads. |