Do you dream of changing your life and moving to an idyllic setting while benefiting from an attractive tax system? The Principality of Andorra is attracting more and more entrepreneurs and retirees looking to optimize their tax situation. But where do you start? The accounting firm AND CapitalWe've put together some advice to help you make the most of your move to Andorra.
Why choose Andorra as an expat destination?
Nestled in the heart of the Pyrenees between France and Spain, this small country offers an exceptional living environment with its mountainous landscapes, generous sunshine and gentle lifestyle. But beyond its natural assets, Andorra attracts expatriates for its particularly advantageous tax system:
- No income tax for individuals
- One of Europe's lowest corporate taxes
- Tax benefits for entrepreneurs and investors
- Tax agreement with the European Union guarantees stability
Added to this is a generally lower cost of living than in France and privileged access to a high-performance health and education system. So many advantages that make Andorra a popular destination for a new life!
Residence status in Andorra
Before considering expatriation, it's essential to understand the different residency statuses offered by the Principality. There are two main types of residence permit, depending on your profile and objectives:
- Visit passive house (or residence without gainful employment): ideal for retirees or pensioners wishing to live off their existing income.
- Visit active residence The Andorra Business Centre: for people who want to work or do business in Andorra.
Each status has its own specific conditions and benefits. So it's important to get the right information to choose the one that's right for you.
Our team is here to guide you through the process and find the optimum solution for your profile. Don't hesitate to contact us for personalized assistance.
- The AND Capital team
Setting up a business in Andorra to optimize your tax situation
Expatriation to Andorra is an opportunity to breathe new life into your professional activity by setting up your own business. Visit setting up a company in Andorra is particularly attractive from a tax point of view, with corporate tax rates ranging from 2% to 10% depending on the type of structure.
The most advantageous options include :
- Visit offshore company formation for international activities
- Visit creating a holding company to manage your entries
- Visit setting up an asset management company to optimize transmission
By intelligently structuring your assets through one or more companies in Andorra, you can benefit from tax optimization while preserving your assets. Flexible, tailor-made solutions are available to meet every specific need.
Preparing for a successful expatriation
Beyond the tax aspects, undertaking an expatriation requires meticulous preparation if you are to embrace this change of life with peace of mind. Here are some of the key points to bear in mind:
- L'opening a bank account in Andorra
- Enrolling children in the local or international education system
- Taking out appropriate health insurance
- Finding local accommodation
By enlisting the help of expatriation experts like the team atAND CapitalYou'll have every chance of settling in smoothly and making a successful new start in Andorra.
Exceptional opportunities for investors in Andorra
Andorra's tax advantages also make it a prime investment destination. The Principality offers a wealth of opportunities, particularly in real estate. Whether you're planning to buy a pied-à-terre for your holidays, or to build up an estate to pass on to your heirs, the local tax system is highly attractive.
Andorra is also at the forefront of cryptocurrencies, with a secure legislative framework for investors. It's therefore an ideal breeding ground for democratizing the uses of blockchain. The beginnings of a new digital revolution?
Preparing for retirement in Andorra
Imagine... enjoying a peaceful retirement in a magnificent natural setting, far from the hustle and bustle of big cities, while enjoying ultra-favorable tax treatment. That's what the Principality of Andorra has to offer seniors with passive residence status. By transferring your tax residence to Andorra, you can say goodbye to income tax and property wealth tax!
And with one of the highest life expectancies in the world, you'll be able to enjoy your new lifestyle for a long time to come. Enough to make you want to retire in Andorra as soon as possible... provided you take the necessary steps in advance, with the right partners.
Benefit from expert support for your expatriation
Expatriating to Andorra offers many advantages... provided you're well prepared! Whether it's administrative formalities, tax optimization, setting up a business or asset management, it's best to surround yourself with specialists so you can move forward with complete peace of mind.
At AND CapitalWe are committed to providing you with tailor-made support at every stage of your move to Andorra. Our multidisciplinary team will provide you with solutions tailored to your profile and objectives. Whether you're an entrepreneur, investor, retiree or looking to optimize your tax situation, we'll find the best strategy for you.
When you call on AND Capital, you're assured of 360-degree support from a single point of contact, for a worry-free expatriation. Our multi-disciplinary teams (accountants, tax specialists, legal experts, etc.) are there to ensure that your move complies with current regulations.
- The AND Capital team
So if you too are dreaming of a change and a new life under the Andorran sun, contact us now ! Together, we'll study your project and lay the foundations for a successful expatriation. With AND Capital, Andorra will hold no secrets for you!
