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.
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.
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 €12,999.96, so you will need to show €38,999.88 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.
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.
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.