Mallorca.com

Legal & Finance in Mallorca

418 businesses found

Spanish law sits closer to German civil law than many expect — code-based rather than case-based — but the details diverge: mandatory notarisation on property purchases, separate inheritance regimes for residents and non-residents, different deadlines, different authorities. Anyone buying a finca, setting up a company, filing tax returns or settling an estate on Mallorca needs a bilingual law firm or asesoría — a translation error in a contrato de arras can cost five figures. mallorca.com lists over 400 providers across law, tax and insurance — many English-speaking, specialised in the needs of international owners and residents.

The sector has three pillars: law and tax (lawyers/abogados, notaries, gestorías, tax advisors/asesores fiscales), insurance (home, car, professional liability, health — usually arranged through local brokers), and interface providers like translation offices (own sub-category under IT/Media/Education) and sworn translators/traductor jurado for official documents.

Island-specific: those spending 183+ days a year on Mallorca are tax residents and file the annual declaración de la renta (IRPF) in Spain by end of June. Non-residents pay IRNR on rental income and a deemed income tax on cadastral value. On property purchase, ITP (transfer tax) runs 8–13% by price band, plus 1–2% notary and registry fees. Inheritance in the Balearics has, since the July 2023 Decret Llei, benefited from substantially reduced ISD rates for close relatives (groups I/II) — the exact bonifications and conditions change and should be checked at ATIB before relying on a figure; many consultations currently revolve around how non-resident heirs can apply the rule.

Providers listed here are grouped by discipline. Insurance brokers typically compare the three largest Spanish insurers (Mapfre, Mutua, Línea Directa) plus international providers; pure legal mandates (criminal, family law) go to specialised Palma firms. Filter below by region, language or sub-category.

Lawyer132
Tax Advisor / Gestoría144
Insurance112
Notary & Certification9
Banking & Finance21

Frequently Asked Questions

Which disciplines does Law & Finance cover on mallorca.com?
Three sub-categories: lawyers and tax advisors (abogados, asesores fiscales, gestorías), notaries (notarías) and insurance (brokers, direct insurers). Over 400 providers in total. Translations for official documents are in the Translation & Languages category under IT/Media/Education.
When do I need a lawyer versus a gestoría on Mallorca?
A gestoría is enough for routine administrative matters (NIE application, tax filings, car re-registration, company set-up) and typically costs 50–200 EUR per task. A law firm (abogado) is required for court proceedings above the relevant Spanish-procedure threshold, and routinely also for inheritance, divorce, criminal cases and more complex contract disputes — 2026 hourly rates on Mallorca run 120–250 EUR net.
What taxes apply on a property purchase on Mallorca?
From a private seller, ITP (transfer tax) applies, tiered roughly 8–13% by price band (see ATIB Baleares for current rates). From a developer, 10% IVA plus 1.5% AJD. Add notary and registry fees of 1–2% of price. Advisory and legal costs run 1–1.5% as a rule of thumb.
Do I need a tax advisor as a foreign owner on Mallorca?
Yes, in practice always — non-residents file annual IRNR (deemed income tax and any rental income), residents file the Spanish declaración de la renta. The DE/UK–ES double taxation treaties prevent double payment, but the annual filings in both countries remain. Advisor fees 200–600 EUR per year for standard cases.
Which insurances are mandatory on Mallorca?
Compulsory car liability (Seguro Obligatorio) is the only legally required policy; everything else is voluntary. Recommended for owners: buildings insurance (banks require it on mortgages), contents and personal liability. Mallorca carries higher risk of storm damage (October/November) and salt-water corrosion losses — often excluded from standard policies and to be insured separately.
How do I find English-speaking law firms?
Filter the sub-category by language or check the Languages field on each listing. Density of English-speaking firms is particularly high in Palma, Andratx, Pollença and Santanyí — many advertise English-speaking client service and have international partner lawyers. Initial consultation typically costs 80–150 EUR and is credited against the mandate fee if engaged.
What is the difference between notary and lawyer in Spain?
The notary (notario) in Spain is a state-appointed official who certifies contracts (purchase, power of attorney, will) — strictly neutral, represents no party. Notary fees are state-regulated: 600–1,500 EUR on a property purchase, depending on price. The lawyer (abogado) acts in your interest, reviews contracts substantively and appears in court. Property transactions normally need both.