Andorra Guides | All you need to know about business & life in Andorra

February 27, 2020November 6, 2021

What It Is Like to Live in Andorra

If you’ve seen photos of the beautiful scenery or have read about Andorra’s tax, healthcare and school systems, it’s easy to fall in love with our tiny country.

But, understandably you’re cautious. Exactly what is it like living in Andorra? Is there more than meets the eye? Surely there’s something you’re not telling me?

In this guide we’ll answer these questions and many more and give you an in-depth view of the lifestyle in Andorra.

From the environment and the community to the benefits and downsides of the country, and much more. Let’s take a look.

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January 21, 2020February 10, 2022

Andorra’s Cost of Living in 2022

Anyone considering moving to a new country should consider the cost of living on the other side.

While you’ll quickly discover the tax system in Andorra is favourable, you know that Monaco also has low tax rates, but few can actually afford or justify living there after they pay the high cost of living.

Although it’s impossible to list every single thing you could buy when moving to Andorra, in this article we’ll give you an overview of some different prices that will affect your daily life in Andorra.

We think you’ll find that Andorra’s cost of living is very reasonable.

January 12, 2020September 30, 2021

Andorra Passive Residency

Andorra’s passive residency program offers visas to individuals that wish to become a resident of the country, while performing most of their economic activities outside of it. Residency in Andorra allows individuals to legally minimise their tax while maintaining an enviably high standard of living.

Initially, passive residence permits are given for 2 years. This is then renewed for another 2 years, then 3 years, then 10 years. After 20 years, you can apply for citizenship.

Applicants must complete a criminal background check, while also providing proof of income and private health insurance. Income must be at least 300% the average Andorran annual minimum salary of €13,457.64, so you will need to show €40,372.92 in income each year. If applicants are bringing family, this same rule must be applied to each family member except at a rate of 100%.

This means a 4 person family with 3 dependents would need to show an income of €77,999.76.

December 21, 2019July 17, 2021

Detailed Guide to Company Formation in Andorra

Andorra is a popular business environment for entrepreneurs who want to start their own company. We’ll go into more detail below, but the in-a-nutshell reason for incorporating in Andorra is that you get many of the benefits of Europe without the high taxes.

It’s also a favourable place to register an off-shore company if you’re not a resident of Andorra.

Because there are no stock exchanges in Andorra, the government-run registries take a relatively active role in tracking how company ownership is traded.

Andorra’s small size means that rules for company formation in Andorra might be different from what you expect. For both of these reasons, it’s important to have a plan before you set out to incorporate an Andorran company.

The Andorran government also requires companies to register detailed articles of association that spell out how a company will conduct business. It can be somewhat time-consuming to change these, so buying an existing “shelf company” is usually not a viable workaround for the company formation exercise.

This article will walk you through the most important parts of the process.

Continue reading “Detailed Guide to Company Formation in Andorra”

May 16, 2019February 10, 2022

Andorra Residency Rules

Due to the high amount of foreigners applying for permits to live in Andorra in recent years, Andorra’s residency rules have been tightened by the government.

These are rules you must follow to acquire and maintain your residency. They are in place to ensure that Andorra only attracts the most productive and serious candidates.

During your application and stay, Andorra’s residency rules entail proof of income, insurance, background checks, and more. The type of residency you apply for and obtain also changes the requirements you must meet, too.

In this article we’ll cover the headline requirements you need to meet.

May 7, 2019November 10, 2021

Your Guide to Buying Property in Andorra

Are you considering buying a property as an investment or are you looking for a place to settle in and start enjoying the Andorran lifestyle?

Understanding the process of acquiring property and the standard rules of real estate in the country will give you a definite advantage going into this major decision.

Although Andorra’s property market is reasonably small, the ever-increasing number of tourists and immigrants coming to stay in the country is creating demand.

New properties are starting to show up while prices are still reasonable when compared to the European market.

If you’re looking for a way to invest in Andorran real estate, your timing is excellent since prices are still within affordable ranges.

With this brief guide, you’ll learn the most important aspects of buying property in Andorra so you can start finding the place that suits your needs.

April 4, 2019November 10, 2021

Andorra’s Property Market

Through the mid-2000’s Andorra’s property market was booming, with a claimed 50% price jump over 5 years.

Then the GFC hit, with average prices dropping 25%.

In this article we’ll run you through some key considerations before renting or buying in Andorra’s property market and where the market sits in 2018, including prices per square metre.

Continue reading “Andorra’s Property Market”

May 13, 2018July 17, 2021

Where to Find Property for Sale in Andorra

If you’re from a major country with a competitive real estate market, chances are you’re used to accessing a handful, or maybe even a single online portal where nearly all of the current real-estate stock is listed. Finding Andorran property for sale is a little trickier.

In this article we’ll run you through:

the challenges you will likely face when looking for property to buy in Andorra,
the best way to find potential properties,
the best Andorran property website portals to check, and
using real estate agents to find what you really want.

Continue reading “Where to Find Property for Sale in Andorra”

May 10, 2018March 8, 2022

Andorra Banking System: A Complete Guide

The Andorra banking sector is one of the principality’s most important industries. That means, in part, that it’s highly regulated and, as a new resident in Andorra, it will be relatively easy to find a bank.

Banking in Andorra is controlled by five banking groups:

Andbank,
Banc Sabadell d’Andorra,
Crèdit Andorrà,
Mora Banc, and,
Vall Banc (formerly Banca Privada d’Andorra).

Banks in Andorra focus on serving local clientele with retail bank accounts and private banking services for residents and commercial banking for local businesses.

If you want to apply for residency in Andorra, it’s a requirement to have a local bank account. That means that it’s best to have a bank account open with an Andorran bank before starting the process.

It will also come in handy when paying for all the costs of moving to Andorra and setting up your life here.

Continue reading “Andorra Banking System: A Complete Guide”

May 3, 2018February 10, 2022

Andorra’s School System

Expat parents considering moving to Andorra understandably want to know “what are the Andorran schools like?”

Well, to begin, Andorra boasts a 100% literacy rate, school is free, and pupils end up multi-lingual.

Schooling in this tiny principality isn’t quite as simple as the tax system in Andorra. It’s not that the process is difficult, more that you’re spoiled for choice given the small size and population of this country.

In this article we’ll review a brief history of Andorra’s school system, explain the different “sub-systems” here, and discuss some important things to consider before enrolling your child in any of the schools.

August 30, 2021March 17, 2022

Bitcoin & Cryptocurrencies in Andorra

While cryptocurrencies, DAOs, DeFi, and other blockchain related projects develop at a rapid rate, most governments are struggling to keep up. Combined with the extremely risk adverse attitudes of many banks around the world, bridging the gap between traditional finance, taxation and digital assets is a major challenge, if not a frustration to many.

Andorra is a hidden gem when it comes to working with cryptocurrencies such as BTC, ETH, SOL and so on. The country remains open for this kind of business while also providing several advantages for those looking to establish operations.

With minimal tax rates for cryptocurrency profits, Andorra can prove to be a great option if you choose to move and become a tax resident here.

There are several things you should be aware of when it comes to Bitcoin and other digital currencies in Andorra, including the tax rates, requirements, regulations, platforms, operations and more.

In this guide we will take you through each of these aspects so you can get a better idea of why becoming a tax resident in Andorra is so advantageous to cryptocurrency investors and business owners.

August 30, 2021March 8, 2022

Life in Andorra with COVID-19

Like all other countries in the world, Andorra was hit with COVID-19 waves as well. As compared to several other countries, however, Andorra has been able to deal with the situation pretty well with sufficient initial restrictions along with widespread testing.

A large part of the population has now been vaccinated and the situation has been quite positive overall.

Moving to Andorra amid this can seem challenging, but the COVID-19 response and resources provided have been highly effective, making it an even better country to consider living in than it was a few years ago.

Let’s take a look at how the COVID-19 situation has been in Andorra from early 2020 to now.

January 26, 2021November 10, 2021

Andorra Real Estate Rentals: Listings & Prices

Moving to a new country can be stressful and confusing. You must manage legal permits, schedule transportation, account for language and cultural differences, and find accommodation.

This last point is crucial. You won’t be truly settled in your new country while you’re still living in a hotel — you must find a home to call your own.

However, if you’re not permanently committed to Andorra or don’t want to fork over the significant investment to buy a property, there is another option. Renting might be the Andorra real estate solution for you.

In this guide, we’ll discuss the process of Andorra property rentals, general prices of rentals, and how to find a property for rent in Andorra.