Living in Andorra | Advantages of Andorra| Requirements
The advantages of Andorra are many. In this article we will list the advantages of Andorra and the advantages of setting up your company in Andorra and living in Andorra. Andorra Services has created a summary of everything that is happening in and around Andorra.
Andorra Services has created a summary of everything that happens in and around Andorra. Would you like to live in Andorra?
Requirements to settle in Andorra
Finding a job in Andorra has been a goal for many.
There are different types of residencies available that allow you to live in Andorra and enjoy the quality of life in Andorra.
Here you can find in detail all the types of residency in Andorra and the requirements to obtain the residence permit.
What type of residence to apply for in Andorra?
If you want to move to Andorra you must choose a place to live and you must understand the difference between different types of residency.
You can consider residency in Andorra on your own. This type of residency allows you to live in Andorra through the creation of a company.
Setting up a company in Andorra takes about 3 months, so you should be aware that the advantages of living in Andorra slow down a little more.
Another type of residence in Andorra that does not involve the creation of a company in the Principality of Andorra, is the passive residence. This type of residence allows you to live in Andorra.
Health care in Andorra or CASS
The health care in Andorra has one of the best health and social security systems in Europe.
One of the advantages of living in Andorra is that the population can enjoy health and social security (CASS) in the Andorran country.
Here we explain everything you need to know about the healthcare system in Andorra and the high quality of the social security system (CASS).
Physical security
Andorra has an exceptionally strong security situation and is internationally recognized.
It is one of the countries with the lowest crime rate in the world, so the security in Andorra significantly influences the quality of life and the economy of Andorra, since being one of the countries with the lowest crime rate in the world, implies that many citizens from nearby countries want to reside in Andorra and enjoy this kind of lifestyle and security conditions.
One of the cons of this security system is the fact that many people want to live in the Principality of Andorra or many workers want to move to the country, so it is difficult to find a rent in the Principality of Andorra.
Affordable housing prices
Andorra offers unparalleled accommodation offering a wide range of homes to buy at prices competitive with other countries such as Monaco or Switzerland.
Property prices vary depending on the area chosen. Andorra La Vella is the largest town in Andorra with good infrastructure and services.
Andorra la Vella, followed by Escaldes Engordany, form the parishes of the country with more economic strength and more real estate investment.
Rental prices will vary depending on the area selected, which will be reflected in Andorra’s tourist profile.
Utility costs are much cheaper than in neighboring countries. Among other things, electricity costs are the lowest in Europe; drinking water is provided free of charge in this country. Only access to mountain water is charged.
In this post you will find the most important points about renting and where to live in Andorra.
Why live in Andorra
Living in Andorra has many benefits and advantages for residents who decide to move to the magnificent Principality.
In the UK, the life expectancy of low-income people was the highest. It is a consequence of the lack of a variety of industrial and manufacturing facilities on its territory.
Andorrans do not emit pollution and breathe very clean air according to the European average.
Now, in addition to a unique natural environment where you can make excursions to the mountains to disconnect. Andorra offers a very interesting and attractive tax system.
These are the main reasons why many investors choose to live in Andorra. The advantage of paying only 10% income tax is very interesting. You will pay almost 50% of your income in your income to a maximum of 10%.
Environment and quality of life
The landscape offers Andorra pristine air with 80% air purity due to the mountain location.
Andorrans have the highest life expectancy. The average age of Andorrans is 87.75 years.
The mountains and ski resorts of Grandvalira and Vallnord offer residents a pleasant place to relax and a wide variety of sports and entertainment activities. There are more than 250 km of slopes.
Thanks to the unique location of the enclave, which comprises 90% of the landscape, mountain sports such as hiking and skiing offer some of the most relaxing activities for the person who chooses to move to Andorra.
The Andorran territory offers great conditions to its residents and very good services, which provokes a great interest in residents from France and Spain, thanks to its quality of life and its tax system.
Benefits of living in Andorra
Andorra has a rich and diverse culture that is very popular among many people in the region.
Benefits: Citizen protection is one of the highest in the entire European Union. Since the criminal act is rare, the act is unconstitutional. In addition, theft in the Andorran territory is very rare.
One of the best aspects of living in Andora is the country’s climate. This region receives 320 sunny days a year and temperatures remain fairly modest all year round. It is only during the winter months that you can experience cold temperatures because the Principality of Andorra is located in the mountain ranges.
The cost of living in Andorra
Andorra meets all the prerequisites to be considered a good destination for those looking for a quiet life away from the city center.
It is important to understand the cost of living in Andorra when considering a move to the country.
Here you can find more information about the standard of living and the cost of living in Andorra la Vella and the Principality in general.
The Andorran economy
For people who want to live in Andorra, it is essential to understand its economy.
Tourism supports the Andorran economy at the moment, although the Principality has traditionally remained known as an agricultural and animal country.
Throughout the year, 500,000 visitors visit Andorra attracted by its climate and commerce. Several million people come here to visit and then return to Andorra and start living in the country.
Moving to Andorra: ADVANTAGES
Thanks to its economic model, it favored the establishment of companies and societies in the small country because the tax advantage of Andorra is not overlooked.
Thanks to this tax system, it encouraged foreign migrants to arrive permanently in the country, in principle the vast majority coming from countries of France and Spain.
There are many advantages to stay in Andorra. In addition to the tax advantages, there are beautiful landscapes to enjoy. It is also an ideal destination for life.
The Andorran education system should also get a second consideration, with three different options.
Tax advantages of residing in Andorra
The opening of investments in Andorra, i.e. the liberalization of foreign investment in the Andorran territory, allowed many people from Spain as well as from any other territory, to seek to establish their companies in Andorra for tax reasons.
This economic opening caused a massive influx of companies, a boom in the rental of real estate, which consequently increased in price, and a greater use of all the services of the Andorran territory.
However, the Andorran systems have responded very well to this situation, which has helped to raise the country’s per capita income, and the country’s health and education systems have been strengthened.
Working and living in Andorra offers very significant tax advantages. Obviously, recipients will have to meet certain requirements.
Summary of the most important taxes
The most important taxes are, as in any part of the world, those focused on taxing the provision of services through an Andorran company, the income generated at a personal level both in the country and outside the country and others such as VAT or some parish taxes.
The taxes in the Andorran country, protected by the Andorran constitution are the following:
- Corporate Tax (10%), tax for any company based in the Andorran country.
- Personal income tax (IRPF) also a maximum of 10%.
- VAT (4.5%).
Here is a summary of the tax ranking, the pros and cons of the whole tax system in the Andorran country.
What is the currency in Andorra?
Andorra is located between the French mainland and the Spanish peninsula, but uses the Euro as its currency.
The Andorran country has not formally joined the European Union like France or Spain, but is in the process.
Andorran products have lower tax rates. Andorra has been described by many as a tax haven, but the country also has a 10% income tax as explained above.
How to get health coverage in Andorra?
If you want to receive health insurance in Andorra you have to register with CASS.
If you want us to help you with this process for you or your family, we can help you with the submission of all the documents.
What is it like to work in Andorra?
Andorra offers numerous benefits to workers and people from diverse perspectives.
Working in Andorra is a great opportunity, as the wage rate is higher than in Spain or France.
However, you need to obtain a residence permit whether you come from Spain or France in order to work in Andorra.
Although those who come from Spain or France have it easier in terms of the documents that must be presented in the country, it is an indispensable requirement for everyone to go through the immigration department, which is usually a nightmare if you are not used to the Andorran bureaucracy.
What is necessary to live in Andorra
As we have explained before, it will be necessary for foreigners who want to live in the Andorran country, to present a long list of documentation.
These procedures have a price that can vary depending on whether you do it through an agency or through a law firm. We advise you not to do it through the first ones if you do not want to have a scare or two.
Educational system
People moving to Andorra should be pleased with the fantastic educational system it offers.
Andorran offers three learning institutions: Andorran Spanish and French.
Likewise, languages coexist in the classroom: Catalan, Spanish and French. Although Catalan is the official language of the country.
This education, whether Andorran, Spanish or French, is free for children from 6 to 16 years old.
Advantages of shopping in Andorra and trade
The commercial traditions in Andorra are well recognized all over the world, especially in Spain and France.
Tourism is the main activity and is centered in the capitals (Andorra la Vella and Escaldes Engordany).
Its more than 400 points of sale make the shopping experience a marvel. Especially since Andorra also gives you a cheaper option for shopping. This is because indirect taxes (VAT) is not very high (4.5%).
No wonder they surprise me with flexible working days and a wide variety of services offered.
Andorran nationality How to obtain it?
The Andorran national identity can be acquired in different ways. It is a privilege that many of our residents expect when we move to Andorra. There is nothing negative in this situation.
Andorran nationality means that you have to renounce your previous nationality.
You can acquire them in 20 years if you look for work in Andorra. This condition is possible, but the application requires review. This shows how knowledge of Andorra, history and geography is reflected. In addition you will have to undergo an examination to demonstrate all other knowledge about the country in order to obtain Andorran nationality.
It is important to note that dual citizenship is not allowed in the country, so if you have obtained citizenship in other countries, you must renounce it before obtaining an Andorran nationality.
Leisure activities in Andorra
In Andorra you can enjoy many leisure activities, but the environment is quiet and familiar. Do not expect many events or numerous places for evening entertainment.
One of the most recognized activities worldwide is skiing. In the winter season it is one of the most popular activities. Not in vain, Andorra has the longest skiable domain of all the European territory.
Another of the most recognized activities in summer is hiking and mountain biking for those looking for a more extreme sport.
On the other hand, one of the activities that is standing out lately is the Andorran gastronomy.
Political situation in Andorra
Due to the natural environment of the state, citizens are given the possibility to breathe clean fresh air. Its mild climate together with its Mediterranean cuisine has placed it above the global life expectancy.
This is one of the few countries in the world that has never entered into a war, so its economy is in perfect condition, which helps the quality of life in Andorra and places it in the first situations of the ranking of countries with better quality in general.
It has a very stable political situation and has done so for years, so we can say that this small principality has a legal security that allows a great stability both for people living in Andorra and for all companies that are incorporated in Andorra and pay all their taxes in the Principality of Andorra.
Life expectancy in Andorra
The average age in Andorra is 80 years for men and 80 for women.
This is something very significant, since in this small country people have a good health system and also the good salary conditions, retirement pensions and also the natural environment, help significantly that people can live better, happier and longer.
If you want to move to Andorra, you can do it with all your relatives, you will only have to go through a process in which we will be able to help you. This procedure is called family regrouping and allows that through the residence permit of the partner of the company, the rest of his direct relatives (whether descendants or ascendants) can move to the country.
However, in order to carry out this procedure of family regrouping, you must prove that you have a higher salary for each family member you intend to regroup.
Contact us so we can help you with this procedure before the immigration department and make everything easier so that you do not have any complications and you can simply enjoy the advantages of Andorra with your family members.
Contact us
If you have any doubt about the advantages offered by the small Principality of Andorra or whether to reside in Andorra or not, you can contact us without obligation through our email or if you prefer through our whatsapp.
We have a number of expert lawyers and therefore specialized in different issues and procedures about Andorra that will be able to help you with the different points you require.
Therefore, do not hesitate to contact us so that we can help you with our services.
Our first consultation will help you to clarify what you need.