Advantages of living in Andorra

Opening and liberalization of the economy

In recent years, the country has undergone a process of opening and liberalizing the economy.

At the moment, we welcome the foreign investors and the creation of companies with foreign partners, as well as facilitating their residence.

Here is some detailed information about this small country in the heart of the Pyrenees that can convince you to come.

Level of life and infrastructure

Per capita income in Andorra is one of the highest in Europe.

It has excellent health care …

a multilingual educational system (being a co-sponsor between Spain and France, the country has schools in the three systems – Andorran, Spanish and French, as well as the recently installed British College)

  • It is ranked 6th in the world ranking for life expectancy – 82.58
  • Average salary – € 2,076.3
  • Estimated population – 74,794
  • Visitors – 8.2 million annually
  • Surface area – 468km2

Andorra is on the list of the 5 safest countries in the world.

It is a peaceful country that rarely appears in crime news reports. The crime rate, including street crime (pickpockets, automobile theft and disorderly conduct) is almost zero.

Andorra is located between France and Spain, although it does not belong to the European Union. Although it does not have an airport it is only 2 hours from Barcelona and 2.5 to 3 hours away from Toulouse, France (closest airports).

Corporate tax (2-10%) and income tax (5-10%).

Personal Income Tax (Income Tax):

  • up to € 24,000 – 0%.
  • of € 24,001 – € 40,000 – 5%.
  • more than € 40,000 – 10%.

It has the lower value added tax (VAT or sales tax) across Europe, with 4.5%. There is inheritance taxes or inheritances and contributions to social security are among the lowest in Europe.

Tax on capital gains over real estate Andorrans: 0-15%:

  • Sell in the 1st year: 15%.
  • Second year sales: 13%.
  • Sale in the 3rd year: 10%.
  • Sale in the 4th year: 9%.

As of the year 4, the rate decreases by 1% per annum, which means that the property is tax-free after 12 years of ownership.

Simplicity and low fiscal pressure

Andorra is one of the countries in Europe with the lower rate corporate tax

Opening and liberalization of the economy

In recent years, the country has undergone a process of opening and liberalizing the economy.

At the moment, we welcome the foreign investors and the creation of companies with foreign partners, as well as facilitating their residence.

Here is some detailed information about this small country in the heart of the Pyrenees that can convince you to come.

Level of life and infrastructure

Per capita income in Andorra is one of the highest in Europe.

It has excellent health care …

a multilingual educational system (being a co-sponsor between Spain and France, the country has schools in the three systems – Andorran, Spanish and French, as well as the recently installed British College)

  • It is ranked 6th in the world ranking for life expectancy – 82.58
  • Average salary – € 2,076.3
  • Estimated population – 74,794
  • Visitors – 8.2 million annually
  • Surface area – 468km2

Andorra is on the list of the 5 safest countries in the world.

It is a peaceful country that rarely appears in crime news reports. The crime rate, including street crime (pickpockets, automobile theft and disorderly conduct) is almost zero.

Andorra is located between France and Spain, although it does not belong to the European Union. Although it does not have an airport it is only 2 hours from Barcelona and 2.5 to 3 hours away from Toulouse, France (closest airports).

Simplicity and low fiscal pressure

Andorra is one of the countries in Europe with the lower rate corporate tax

Corporate tax (2-10%) and income tax (5-10%).

Personal Income Tax (Income Tax):

  • up to € 24,000 – 0%.
  • of € 24,001 – € 40,000 – 5%.
  • more than € 40,000 – 10%.

It has the lower value added tax (VAT or sales tax) across Europe, with 4.5%. There is inheritance taxes or inheritances and contributions to social security are among the lowest in Europe.

Tax on capital gains over real estate Andorrans: 0-15%:

  • Sell in the 1st year: 15%.
  • Second year sales: 13%.
  • Sale in the 3rd year: 10%.
  • Sale in the 4th year: 9%.

As of the year 4, the rate decreases by 1% per annum, which means that the property is tax-free after 12 years of ownership.

Have we not convinced you yet?

Do you want to come to this little paradise where snow, lakes, hot springs, mountain air and pure water live?

 

We are at your disposal to help you with everything you need. Contact us right now.