Mallorca, with its captivating landscapes and serene beaches, is a dream destination for many. Yet, while its beauty and charm entice numerous foreign entrepreneurs, not all businesses thrive on this enchanting island. Unraveling the reasons behind these challenges is essential for those eager to set up shop. Here, we delve into why many businesses fail in Mallorca, offering insights especially tailored for expatriates.
Every season witnesses a new influx of optimistic entrepreneurs, but by the time the leaves fall, many dreams have already withered away. Navigating the business terrain of Mallorca is no walk in the park, especially for foreigners. Understanding the pitfalls and preparing ahead is your best armor. Let's dissect these challenges: