OPENING A BUSINESS IN ANDORRA
Our company acts as a link between the client who wants to move to Andorra and the state of Andorra. We handle the process of filing documents for foreign investment, registration of residence and opening a company in the city hall. You do not have to worry about bureaucratic issues, we will submit all documents for you in Catalan in accordance with the current legislation of the country.
Services we provide
Individual approach to each client. We will jointly develop the optimal solution plan
based on your needs:
– we will select the type of residence (active / passive / athletes / family reunion, etc.)
– type of company (SL / SLU / SA)
– commercial registration (office / co-working / at your home)
Our team speaks these languages
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Actual news
Andorra is one of the popular destinations in Europe with a lot of foreign investment due to tax laws.
One advantage is the absence of wealth tax and tax on dividends.
What does this mean?
If you withdraw the money earned by the company through receiving dividends, then the tax on this money will be zero, since the company has already paid corporate tax, Andorra does not tax the same money twice. Like an inheritance, when you receive it, you pay nothing to the state.
For comparison, let’s take Spain as an example, where the tax on dividends is 19%, on royalties – 24%; personal tax is about 20%; corporate tax – about 25%; inheritance tax and gift tax ranges from 34% to 82%.
Paying personal income tax in Andorra is very attractive. First of all, because it is profitable.
If your personal annual income does not exceed 24,000 euros per year, then you pay nothing.
If your earnings are from 24,000 to 40,000 euros per year, then the tax is only 5%.
Income exceeding 40,000 euros per year is taxed at 10% and this is the maximum rate.
But what if you also receive income or dividends in other countries of the world? Where will you pay personal tax in this case? The answer is, of course, in Andorra, if you have fulfilled the conditions of a fiscal resident *to live in the country for at least 183 days a year.
For those who have the fiscal residence of the Principality of Andorra, the opportunity opens up to pay personal income tax in Andorra, but in order to become a tax resident, a prerequisite is to live in the country for at least 183 days a year.
How will they check whether I live in Andorra or not?
Authorities may well visit your apartment or ask neighbors – do you really live at the specified address, as well as ask you leading questions – in which supermarket do you buy groceries or ask for a receipt for electricity.
Do not forget that Andorra is developing a policy of international relations and, taking care of the well-being of its foreign investors, signs agreements with friendly countries to avoid double taxation. Conventions have already been signed with such countries as San Marino, Liechtenstein, Luxembourg, Spain, France, Portugal, Malta and Cyprus, the United Arab Emirates.
What does it mean? It’s very simple – if you earn money in one of these countries and live in another – YOU DON’T HAVE TO PAY the same tax TWICE.
So, now you know about the main advantages of the principality tax system.
Gold has always been considered one of the best investment options. The characteristics of this precious metal make it a very interesting option for many investors. Among them is its high profitability and security provided by the most valuable precious metal on the market. Another advantage associated with investing in a precious metal like gold is the ease of selling it, as the demand for it is high and a large number of people or organizations are ready to buy it at any time.
Why invest?
It is important to note that the value of gold has always shown an upward trend because it is a limited commodity. The population is increasing, and gold reserves are limited, which contributes to the increase in the value of this precious metal. So much so that in recent years, investing in gold coins or bullion brings returns that are difficult to compare with other investment products. If you are thinking about investing in gold with BETWIXT, we are directly partnering with a company that offers you the best services for buying and selling gold bars and gold coins.
What are the benefits of investing in gold through us?
One of the advantages of using the investment services of our company is the presence of a gemological laboratory. This allows us to analyze and certify the purity of the gold, so the buyer can be sure that they will pay a price that is fully consistent with the quality of the gold. Currently, investing in gold is one of the most profitable investments that exists. Therefore, it is not surprising that in recent years this type of investment operation has increased in number, offering great returns to investors worldwide. In addition, one of the advantages of investing in gold is that it is exempt from VAT, so the increase in this indirect tax in recent years has not harmed investment in this precious metal. As we can see, its high yield and lack of tax burden make investing in gold very interesting. For this reason, it is not surprising to see how recently the economic instability of a large number of countries has contributed to the transformation of gold into a safe-haven value par excellence. Many investors have turned to this precious metal to protect and secure their investments.
