Can I live in Mallorca year-round with a US passport?

Can I live in Mallorca year-round with a US passport?

You cannot live in Mallorca year-round using only a US passport due to the 90/180-day Schengen rule. To stay in Spain permanently (365 days a year), you must apply for a long-stay Spanish residency visa, such as the Non-Lucrative Visa, before you relocate. Understanding the Schengen Area Limit Many American buyers assume that if they [...]
Read More
How much do I need to invest to get residency in Spain?

How much do I need to invest to get residency in Spain?

Since the €500,000 real estate visa ended, securing residency in Spain is no longer about a massive upfront investment, but rather proving financial stability. For a Non-Lucrative Visa, a US couple currently needs to show roughly €40,000 in annual passive income or savings to legally reside in Mallorca. Shifting from "Investment" to "Income" When American [...]
Read More
Is the Spain Golden Visa ending soon?

Is the Spain Golden Visa ending soon?

The real estate investment route for the Spanish Golden Visa officially ended in 2025. You can no longer obtain Spanish residency simply by purchasing a €500,000 property. However, US citizens still have highly accessible and popular pathways to live in Mallorca, such as the Non-Lucrative Visa or the Digital Nomad Visa. The Reality of the [...]
Read More
Transferring USD to EUR to buy property without losing a fortune

Transferring USD to EUR to buy property without losing a fortune

When buying a luxury villa in Mallorca, never use your traditional high-street US bank to transfer the final funds to Euros. Traditional banks offer poor exchange rates and high hidden fees. Instead, use a specialized, regulated Foreign Exchange (FX) broker to save tens of thousands of dollars on your property purchase. The Hidden Cost of [...]
Read More
Property taxes in Mallorca (IBI) explained for US buyers

Property taxes in Mallorca (IBI) explained for US buyers

The annual property tax in Spain is called IBI (Impuesto sobre Bienes Inmuebles). The good news for US buyers is that Spanish property taxes are generally much lower than in the United States. In Mallorca, the IBI typically ranges from 0.4% to 1.1% of the property’s "Cadastral Value" (which is usually much lower than the [...]
Read More
How to open a Spanish bank account from the US

How to open a Spanish bank account from the US

Yes, you can open a non-resident bank account in Spain from the US, but it is highly recommended to do it in person or grant Power of Attorney to a Spanish lawyer. Due to strict international anti-money laundering laws and US FATCA regulations, the compliance process for Americans requires specific documentation. Why do you need [...]
Read More
Can a US citizen buy property in Mallorca?

Can a US citizen buy property in Mallorca?

Yes, a US citizen can absolutely buy property in Mallorca. There are no restrictions on Americans owning real estate in Spain, whether it is a beachfront villa or a rural finca. You have the exact same property rights as a Spanish citizen. Understanding the Buying Process for Americans Spain is highly welcoming to foreign investment, [...]
Read More
1 3 4

Compare

Enter your keyword