Ibiza, a small Mediterranean gem.
Ibiza’s international community has increased significantly in recent decades, which does not come as a surprise given that the island strikes the ideal balance between luxury and excess and peace and bohemia.
The popularity of Ibiza among Germans and Brits is due to a variety of factors. First and foremost is its proximity and excellent connections to the rest of Europe. For instance, it takes two hours to fly from London to the island and an hour to fly from Barcelona and Madrid. You can live on this lovely island and visit any city in Europe whenever you want. This is plus for many entrepreneurs or freelancers, as Ibiza has an open door for people with initiative and new ideas.
Ibiza is a great spot to invest because of the booming local economy and growing foreign currency. This island has always been a reliable choice for real estate investment, in part because to its picturesque location and persistently high demand for real estate. A property in Ibiza will give you a safe return on investment in the future, regardless of whether you’re looking to purchase a second home, a villa for vacation rentals, your own restoration, or a property in the original project phase. Investing is always a good idea, especially when you have a team of qualified, client-focused tax advisors like our team who have a wealth of knowledge in the tax and legal industry.
In addition to being profitable, STEIN & Partner assures you of our sincerity and openness. Our principal goal is to earn our clients’ trust in all the transactions and actions we take on their behalf.
When working in Ibiza you never really feel like you are working. A full 40 hour working week glides by like a cold drink on a hot summer’s day thanks to the relaxed lifestyle and the happy way of living life.
Additionally, Ibiza’s climate is sensational, with an average temperature of 15 degrees Celsius, around 360 days of sunshine a year and world-famous summers, as well as its beauty. Ibiza is truly breath-taking. Crystal clear sea, dreamlike views, beautiful white villages, country roads, blossoming fruit trees. Commuting to work or school is surely more pleasant surrounded by this scenery than amidst traffic and crowded trains.
Many residents enjoy family life. Childhood is experienced here like nowhere else in the world. The island offers a multitude of activities for families with children as well as its excellent international schools.
Last but not least, its gastronomy. Although not everyone thinks of cuisine when Ibiza is mentioned, here you can enjoy some of the best gastronomic experiences in Europe.
Since you must pay several taxes if you own property in Ibiza, including personal income tax on rental income from real estate, capital gains tax and city council tax, to guarantee a simple and affordable transaction, it is crucial to have expert legal and tax counsel if you are buying a home or setting up a business on the island. STEIN & Partner has provided detailed and straight-forward legal and tax advice on Spanish assets to customers from a variety of nations who own homes, companies and boats in Mallorca (and now Ibiza) and need it need it given the context of their resident status and overall financial situation.
