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Andorra
RESIDENCY PROGRAM
Andorra
We attach general information on Andorra, for your review. (you'll need Adobe Acrobat Reader)Our company providing complete package of services to the clients start from the point of the arrival until getting complete residency in all aspects: - travel arrangements, company set-up, rental accommodations, property purchase, work permits, school registrations, language courses, bank accounts, mortgages, and etc., If there are special requests that are not on the list of our services we will consider and we'll try to find a solution.
The only downfall or in some cases is that moving to Andorra involves personal visit of a person or head of the family, this maybe not convenient, but on the other hand can give security to the person that everything is legally done (in our age of internet fraud this is very important) and person can see face to face who will be helping him/her to make the transfer easy problem-free.
Our fees are for the assistance services only and on individual basis, depending on the size of the family (adults, children), type of residency -active or passive, standing at present between €5000-6000 for the package, for a period up to six months (this includes all above mentioned services)
I hope this information give you some answers if you have any other questions please do not hesitate to askTAXATION
Andorra is Europe' s least known tax haven. There is no income tax - although the new deposit system for passive residents effectively loses you the interest on 24,000 Euros. There is a new property purchase tax of 1.25% but no capital gains tax, no inheritance tax, no wealth tax, no profits tax, no value added tax. Consider what you are presently paying in tax annually and compare that with the above advantages. It is easy to see why so many people choose to base themselves in Andorra!RETIREMENT
Andorra is a particular favourite for those considering retirement. No personal taxation, a high standard but moderate cost of living, political and economic stability with no strikes, virtually no unemployment and the lowest crime rate in all europe are attractive features. These factors combined with a healthy climate, particularly beneficial to some of the ailments of an older population e.g. bronchitis, rheumatism and arthritis, and easy access to other European countries, make Andorra the country of choice.RESIDENCIAS
General
Applications for residencias are handled by the Immigration Department of the Police.
Each application is considered independently following guidelines dictated by the current legislation on residents passius.
Anyone spending over 183 days in any calender year in the country is by default a resident and is expected to apply for a residencia. A resident is therefore understood to reside in the country for at least 183 days in any calender year.
A resident must have a bona fide address which may not be an hotel or post box.
Someone who is not officially resident is by default a tourist. A tourist may own a property in Andorra and enjoy it for a period of up to 183 days per year. This rule has not been strictly enforced in the past and there is at present no active policy of checking people in and out of the country.
Procedure
1. The applicant must provide himself/herself with a residential address in the Principality.
2. The applicant must personally open a bank account in the Principality; this cannot normally be arranged by a third party.
3. A yellow form of application must be collected from the police Immigration Department. This form must be completed in Catalan and submitted together with the following documents (originals or notarized copies only):
a. Passport (photocopy).
b. Birth Certificate.
c. Marriage or Divorce Certificate.
d. Certificate of Good Conduct from the police in your country of origin.
e. Proof of income/pensions from bank or other institution.
f. Proof of an address in Andorra. Title Deed.
g. Two passport type photographs.
h. Proof of a Private Health Plan.The application can take some time to process although a formal receipt is given on pres-entation of completed documentation. During this time applicants are advised to keep in touch with the immigration authorities, particularly before and after leaving Andorra for trips abroad.
The following are the amendments/explanations to the law governing residents passius and applicable to all new residents and existing residents who are not pensioners:
New residents will not have to pay an annual tax. There will be no assessment of in- come or assets and no inheritance tax.
Foreign residents, individuals and heads of households, will be required to deposit the sum of 24,000 Euros with I.N.A.F. the Andorran Finance Agency. There is an additional deposit of 6000 Euros for the spouse. The deposit is returnable on leaving Andorra or giving up the residencia. The deposit does not earn interest. A further deposit of 6000 Euros is payable for any other dependent, e.g. each child under the age of 18, parent-in-law etc.
Persons residing in Andorra for more than 183 days per year will be considered as residents and subject to current regulations.
New applicants must show that they have an annual income of not less than three (3) times the minimum annual salary level stipulated by Andorran Social Security regulations, at present this is 9402 Euros per annum. This amount is increased by a factor of one for each dependent. We have been informed by Credit Andorra that if they are asked for a certificate to substantiate this requirement then they must have a similar amount in cash in the account in Andorra. This will naturally attract interest at the current rates. However, clients may choose to provide acceptable evidence to the immigration authorities e.g. statement of pension income.
New residents must provide proof of a private healthcare insurance cover on a par with that provided by C.A.S.S., the Andorran Social Security System.
Certificates of Good Conduct - British nationals must register with the Honorary British Consul in Andorra, currently Mr. Hugh Garner, and get a certificate of registration from him.
Think well..... do you really need a residencia? If you cannot or do not wish to spend 183 days in the year here you can probably get by with 'tourist' status.
We attach general information on Andorra, for your review. (you'll need Adobe Acrobat Reader)
