Live in Europe and enjoy the best fiscal conditions
In the nature of every person there is always the goal of living better. In this case, one of the options may be to change the country in search of better economic and fiscal conditions.
But this may be one of the most important decisions to be taken. It may mean a big change in your life. Surely before making the big step, you will be looking for all the information you can find. There are many things to keep in mind. Adapting yourself to a new environment, changing the language, economic and fiscal conditions. Mainly if you are considering investing or establishing your business.
There are many options and many destinations. If you are interested in coming to Europe, the Principality of Andorra offers the best conditions. In a unique geographical location, where pure air, hot springs, lakes and mountains live. Want to know more about this small country in the heart of the Pyrenees? Read on …
Get to know Andorra in 7 points:
Location: The Principality of Andorra is located in the eastern Pyrenees mountain range. On the border between Spain and France.
- Its surface is 468 km².
- The Mediterranean climate of high mountains, with cold temperatures in winter and mild in summer. The estimated population is 74,794.
- It does not have an airport, but it is only 2/3 hours from the airports of Barcelona (Spain) and Toulouse (France). In addition to the airport in La Seu d’Urgell that operates with charter flights.
Language: The official language of the country is Catalan, which is spoken in Catalonia – Spain. But do not panic, the diversity of nationalities of the resident population makes other languages . Spanish, French and Portuguese are very present. Likewise, the Government has free classes available to all residents. You can learn to speak Catalan easily.
Medical Services: the health system is among the best in the world. It is a public system managed by the Caixa Andorrana de Seguridad Social (CASS). In general, residents and employees and self-employed workers are required to join. The contributions are low and the coverage of benefits is:
- 75% of the total value for health expenses,
- 90% of the value in hospitalizacions.
Finance: Andorra is one of the countries in Europe with the lowest tax rates in all of Europe. These are its fiscal conditions:
- Corporate tax (2-10%);
- Personal Income Tax (IRPF) ranges between 0% up to € 24,000 and up to 10% thereafter;
- Value added tax (VAT or sales tax) lowest in Europe, with 4.5%.
- There are no taxes on inheritances and successions.
- Andorrans Property tax on property taxes: 0-15%.
It is a country of services with an open economy in the world, flexible and competitive. With a predominance of micro, small and medium enterprises. Inflation goes hand in hand with Europe. It has a wide range of services and tourism visits us all year round. A country at the forefront of new technologies. The banking sector has more than 85 years of experience.
Foreign Investment: the Principality of Andorra is a parliamentary co-principality between France and Spain. It does not belong in the European Union, but its currency is the Euro. Since 2012, a law allowing foreign investment has been approved. Therefore, its economy has opened in the world. It is currently an attractive destination for new sectors and companies.
Lifestyle: Do you like skiing? It is an ideal country for nature lovers and mountain sports. In winter it has about 282 km in two ski domains. In summer there are several mountain activities, climbing, hiking, mountain biking, golf, etc. However, if you like a more cosmopolitan lifestyle, you can stroll along the commercial avenues and enjoy different activities such as the Shopping Festival.
Security: Andorra is considered one of the safest countries in the world. It is a socially stable country. With a high citizen security and a minimum crime rate. It has an efficient police force supported by a severe criminal code. Its borders are very safe. There is a good climate of coexistence among all nationalities.
If the European continent is one of your options as a destination, the Principality of Andorra can offer you all the resources for a quiet change.
Every successful trip starts with a good plan
In PSF we have experience in helping foreign citizens to settle in the Principality of Andorra. If you are looking for better fiscal conditions, we have the right solution:
- either a person with a public projection who wants to walk peacefully,
- a small businessman looking for a better performance,
- a foreign citizen who wants to enter Europe.
We are the Plus you need and we have the Services you are looking for.
Contact us, tell us about your situation and we’ll start working as soon as possible.