There are plenty of reasons for expats to look into gaining a residency visa in Andorra. The country has one of the lowest tax rates in the world, a high quality of life, and is a very safe place to live.
Anyone can apply for a residency visa. The only catch is that you will need to meet the requirements and provide the necessary documents – all information you can get from our site.
Andorran residency falls into two different categories, which have further sub-categories:
Passive residency: For individuals that will perform most of their economic activity outside of Andorra during their stay
Active residency: For individuals that wish to make Andorra their home and to work full time within the country
As just about every real estate listing demonstrates, most people want to live close to a good school. Happily, there are two very good international schools in Andorra, and the principality is so compact that just about everywhere is relatively close.
Andorra is widely known for having one of the lowest income tax rates in Europe. In this article, we’ll cover the details around Andorra’s income tax.
That said, the headline number under the Andorran tax system, is that no one pays more than 10% of their income in tax.
Other basic details include the fact that only the national government levies income tax in Andorra (unlike some countries where residents might pay federal and state income tax) and an increasing number of double-tax treaties signals Andorra’s becoming further integrated in the global business investment environment.
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.
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.
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.
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.