Moving to Europe. Europe relocation guide and tips: Andorra

[Irina Rybalchenko]

22 REASONS TO RELOCATE TO ANDORRA:

1/ Direct taxes 10% – minimum in Europe. VAT remains at the level of 4.5%

2/ In accordance to International living index, Andorra takes the 12th position in the world for its living standards

3/ The GDP per capita index is higher than in the USA, Japan, Germany, France and Spain. It takes the 5th position in the world, outscored only by Monaco, Lichtenstein, Luxembourg and San-Marino

4/ The banks of Andorra are included in the top-20 of the most reliable banks in the world. The clients have an opportunity to open digital accounts. VIP banking is presented for the sums, starting from 3 mln euro

5/ The tax burden in reference to business is the lowest in the world. Corporate income tax is 10%, there is an opportunity to diminish it up to 2%. In accordance to International living index, Andorra is in the list of top-25 countries for the terms of business development in the world;

6/ Strong National health insurance (CASS). Reimbursement : 90% surgical procedure; 75% medical expenses; 100% in case of work-related injuries

7/ The opportunity of legalizing a family and obtaining active residence with labor permit on the “ turnkey” basis, investing no more than 15 000 euro

8/ Guarantees for obtaining residence permit;

9/ Social stability, zero level of criminality. Andorra is one of the safest countries in the world

10/ Strong and stable legal framework (8th position in the World Bank’s Worldwide Governance Indicators)

Look for more details: https://all-andorra.com/reasons-relocation/