Reside in Andorra being a retiree - PSF Consultoría empresarial

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Reside in Andorra being a retiree

One issue we found with some regularity is third age people who want to come to live in Andorra, usually people of more than 65 years of age who are no longer working. This is one of the points from which usually working with PSF provides most, because people often come with misconceptions.

In general, we usually get requests for a passive residence, which is a bad idea because it is really profitable for people who live outside the European community. For an european resident, in 99% of cases is better to get an active residence, regardless of age. At the end there is not much to pay at the level of social contributions and saves much problems, especially when you have an age. Passive residences often upset states of origin and Andorra is not a tax haven, so we are very close. A residence for autoemployment is easier at a tax level, that simple.

With company that we will have to create, we don't have to create too much complexities. It has to be a legitimate interest, of course, but does not have to be of the same sector in which you worked before or a very contrived thing. Many people tell us things like, "I was a doctor, now I have to set up a doctors office" and is not that way. Generally, its a great ideal the consulting business for working with younger people.

At the end is a matter of being well advised and proceed with calm. Many times people get into trouble by bad advice or rush, when such issues are very serious and should be treated with the utmost diligence. By not performing any activity, many of the different governments tend to believe that the retiree it is doing some illegal stuff during his retirement and is better to leave certain problems off.



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About the Author

I finished the degree in Development of Computer Applications in Alcañiz and later I entered the financial market first as a systems programmer and then as a trader. During those years I finished my DBA Degree in the UNIR and later I obtained a master in Banking, Financial Markets and Patrimonial Management by the EAE. I also took a course in Financial Adviser from the UPV.

I have done consulting for various clients in both strategic and fiscal matters. I tend to offer integral solutions and now I take care of the administration of PSF. When there is an issue that requires knowledge of markets or investment, I also assume that competition.
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