How to Get Permanent Residency in Andorra

How to Get Permanent Residency in Andorra

Settling down in a new country requires comprehensive research, especially about obtaining residency and staying for long periods of time.

There are other guides on residency in Andorra in an attempt to explain every aspect about how to stay in the country:

These guides, however, only mention temporary residency permits.

What if you want to get permanent residency in Andorra? That is, indefinite residence, without having to worry about permit renewals.

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Capital Gains Tax in Andorra: Everything You Need to Know

Capital Gains Tax in Andorra: Everything You Need to Know

Andorra has one of the worlds lowest capital gains tax rates, averaging around 10%. This is considerably lower than other European countries like France, which has a rate of 33%.

Before a recent change, capital gains tax in Andorra didn’t exist at all.

If you’re the shareholder of a company or an overseas property investor, you may be curious as of how you will be affected, too.

In this article we’ll run you through everything you need to know about capital gains tax in Andorra. We’ll assume you know what capital gains are, as there are plenty of great resources available on the topic already.

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Andorra Real Estate: Everything You Need to Buy & Sell It

Andorra Real Estate: Everything You Need to Buy & Sell It

Andorra is an attractive place to live because of the friendly people, almost no crime and easy access to the outdoors. It also happens to be a remarkably small country with a limited supply of housing and an occasionally harsh climate, so it makes sense to pay careful attention to where you live.

The relatively low tax regime is one of the country’s most famous characteristics. This applies to capital gains on real estate but only on a declining basis after several years of ownership. Details like that are important to note when considering your Andorra real estate options.

Below we outline how to start your real estate search in Andorra and give some background on what you need to know about the legalities of Andorran real estate.

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Andorra Offshore Company: Private Entities with Low Tax

Andorra Offshore Company: Private Entities with Low Tax

Incorporating a company doesn’t always have to be done in your home country. Offshore companies can offer many benefits that businesses wouldn’t otherwise get, including greater privacy and better tax rates.

Ironically, an Andorran “offshore company” technically exists in a landlocked country. It doesn’t get much more “onshore” than Andorra!

Despite this irony, an Andorran company remains appealing to many entrepreneurs, thanks to the country’s very low corporate taxes.

Companies formed in Andorra are taxed at a maximum rate of 10%, while a comparable company in the USA, a country known to compete for international business, will have to pay 21% in corporate taxes.

In this article, we will run you through the basics of what you need to know about Andorran companies.

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Jobs in Andorra for Foreigners

Jobs in Andorra for Foreigners

Commonly advertised as a tourist paradise, Andorra, the hidden gem of the Pyrenees, turns out to be a great place to find work and spend either a ski season or a lifetime.

And while some have come for “just one winter”, many expats have found this country as an excellent place to settle down, benefiting from the low taxes, an excellent healthcare system and high standard of living.

Renowned for its beautiful landscape and multicultural society, Andorra has long held the now debated title of “tax haven” while retaining a peaceful lifestyle.

But while it’s an easy country to love, finding a job in Andorra as a foreigner is not so easy. In this article we will provide several tips and answers about finding a job as a foreigner.

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Where to Find Property for Sale in Andorra

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.

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Andorra Banking System: A Complete Guide

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.

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Andorra Active Residency

Andorra Active Residency

Andorra’s active residency programs are set up for those willing to live and work in the country. Unlike passive residency, active residents are expected to spend the majority of their time in Andorra, work here, and participate in the local community.

While passive residency allows visa holders to spend as little as 90 days in the country, this is not possible for active residents. Active residents for all intents and purposes must use Andorra as their home base, or “primary place of residence” if you will.

As active residents spend more than 183 days per year in the country, they are automatically fiscal residents and must pay tax in Andorra. But let’s be honest, with a maximum rate of 10%, this is more a positive than a negative.

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