The archipelago’s tourism board said as of 11 March, incidence of new Covid cases in the 14 days previous had fallen to less than 50 per 100,000 across all four Balearic islands.
Bars will be allowed to reopen at limited capacity, as will retail, museums, cinemas and theatres, with some small-scale social gatherings also now permitted.
"The Balearic Islands are preparing to welcome back British tourists this season," said the tourism authority.
Following a summer 2020 pilot scheme, the islands also want to lead Spain’s vaccine certification trials.
Iago Negueruela, Balearic minister of tourism, said: "We feel the islands are well placed and have the adequate infrastructure in place to test this initiative.
"We are pleased that the UK government has a specific roadmap for travel, which has boosted travel confidence.
"We will continue to collaborate with the Spanish government and the wider travel industry both in Spain and the UK on our plan for reopening travel."
Authorities in the Balearics have been operating to a four-tier system of Covid restrictions; as of Monday (15 March), Ibiza’s alert level has been cut to tier three, meaning social gatherings of up to six people are now allowed indoors and outdoors.
Majorca and Formentera’s alert levels have been reduced to tier two, and Menorca to tier one.
It means that across the Balearics, bars and restaurants can operate outside terraces at 50% of capacity and indoor areas at 30% capacity, while all retail outlets are permitted to reopen at limited capacity and with two metres’ social distancing.
Social gatherings of up to six people at beaches or parks will be allowed during the day; at night, a 10pm curfew will be in force.
Museums, cinemas and theatres, meanwhile, can reopen with at maximum 50% capacity based on total number of seats (up to a maximum of 200 people inside and 400 people outside).
The measures will next be reviewed on 11 April.
