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.
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.
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.Continue reading “Your Guide to Buying Property in Andorra”
Skiing comes naturally to Andorrans. Just as Australians learn to swim, Brazilians play soccer and Canadians skate as a rite of passage.
Having a mountain view outside of almost every window means a ski hill outside every door. And with mountains in the backyard, learning to ski, often at a ski school, is part of growing up in Andorra.
The idea of ski education goes well beyond the lessons you might have your kids take at the resort while on vacation. Schools in Andorra include skiing as integral and much-loved part of the curriculum.
Planning on coming to Andorra? We have amazing ski resorts, wondrous mountains, and a friendly community, all of which you can enjoy for a season or the rest of your life.
Whatever your reason for coming, you need to know about Andorra’s visa requirements before you visit the principality.
This post will be a comprehensive guide on Andorran visa information and will review several topics that apply to both tourists coming for an incredible holiday and for those who plan to settle and work in our beautiful country.
I’ll start each section with a brief snapshot of what you need to travel or live in the country. Then I’ll delve into the details and requirements you must fulfill before jumping on the plane.
One of the most significant benefits of living in Andorra is the advantageous and simple tax system. It requires residents to pay a maximum of 10% personal income tax.
Minimizing the amount of tax you pay on your income will be an attractive goal for many, but what are the requirements to qualify for tax residency in Andorra?
That’s the main subject of this article. I’ll explain the concept of tax residency and how to apply to participate in the Andorran tax system.
Andorra is growing and there are plenty of job offers, especially in the tourism field.
We’ve already discussed how to find a job in Andorra as a foreigner. Today, we’ll guide you through the common labour policies and let you know what it’s like to work in the country.
Whether you’re looking for a seasonal job in a ski resort or have your sights set on a more traditional career this will be your guide. We’ll cover the information you need to start working in Andorra and the legal policies about labour.