A recent expat study revealed that there are now 124 US citizens living in the Balearics per 100,000 people. Mallorca is almost on par with Madrid and Barcelona. The million-dollar question is, why?
Highlights:
2. The Golden Visa
If settled status in Spain is the ultimate end goal, the Investment Visa remains the goose that lays the golden eggs. Permanent citizenship is secured after ten years via this route. One of the advantages of this type of visa is that you can work remotely for an American company without becoming a fiscal resident in Spain, continuing to pay your taxes in the US.
How do I get the Golden Visa for Mallorca?
Find out how you can stay longer in Mallorca with a Golden Visa! See where to get it and how to apply easily here.
4. Lower property prices
In Mallorca, you can live magnificently on considerably less than in the US. The Balearics may be costlier than other places in Spain, but since the country is 32% cheaper than the US, according to the Where Can I Live 2022 Cost of Living Index, prices – including property – are still markedly lower.
5. Proximity and accessibility to the rest of Europe
Fancy hopping over to Cologne for a weekend city break? At the time of writing, you can fly to no less than 134 destinations from the Palma airport. For those North Americans accustomed to exhausting Transatlantic flights, this is an exciting proposition.
6. A sense of safety
Global database Numbeo’s ‘Crime Index’ scale, which collects data from surveys to determine residents’ perceptions around safety and crime, shows Palma positively. Worries about violent crimes such as assault and armed robbery score ‘Low’ – while ‘Worries about being subject to a physical attack because of your skin colour, ethnic origin, gender or religion’ score ‘Very Low.’
