If you have never visited Andorra try to imagine this... lush green valleys... a country hidden from the rest of the world... yet it's only a short drive from some of Europe's hottest cities. It's a secret valley still ruled by a real prince that's been overlooked for centuries.
It's picturesque, unregulated, inexpensive. And best of all, there are no personal taxes.
Andorra is a medieval principality secluded from the rest of the world, yet only a short drive from the sparking beaches of the French Riviera, and that bustling European economic powerhouse, Barcelona.
It lies in a hidden valley in the picturesque Pyrenees, it's is one of the few alpine paradises in the world that is also a tax haven.
Living with safe, secret, private and tax free banking...
The unregulated banking system is among the safest in the world.
It is sound, prosperous, computerized, streamlined, discreet and very customer oriented. Some of the wealthiest people in the world prefer Andorra's low profile banks to those of secretive Switzerland.
With an account here in Andorra you can access world markets in total privacy, and you can receive interest rates several percent higher than you would receive in the United Kingdom and the United States.
Andorra is cosmopolitan. More than two thirds of all residents living here are wealthy, self made foreigners, most of who moved to Andorra because they were fed up with government red tape and destructive bureaucracy. Crime is unheard of and the adult literacy rate is 100%.
Living in Andorra, taxes.
There are no taxes in Andorra for companies or individuals other than modest annual registration fees, municipal rates, property transaction taxes, and a sliding scale tax on capital gains made on property transactions.
In Andorra there are no taxes on profits, dividends or income, and with the exception of real estate, no capital gains tax or inheritance tax.
Banking in Andorra. A safe haven for your money.
As a home for money, Andorra is hard to beat.
The banks here are solid and there are no capital or exchange controls.
Strict anti money laundering legislation stops criminal activity, but excludes tax avoidance which is no crime in Andorra.
Banks and other financial institutions in Andorra are regulated by the Andorran National Financial Institute (INAF) under the Law Regulating the Financial System 1993.
Andorran banks are all members of the Agrupacio de Bancs Andorrans, which operated a system of self regulation until the regulatory law was passed in 1993.
The banks have very conservative policies, and high solvency ratios, depositors' funds are guaranteed under a 1997 law.
Tax Free residence in Andorra
Andorra is prosperous with minimal government and taxation, Andorra's per capita GDP was calculated at USD 42,500 in 2007.
Tourism is by far Andorra's biggest earner accounting for more than 80% of GDP.
For 715 years Andorrans lived under a unique co-principality, ruled by French and Spanish leaders. In 1993, this feudal system was modified with the titular heads of state retained, but the government transformed into a parliamentary democracy that achieved considerable prosperity since World War II through its tourist industry, attracting many immigrants to the thriving economy with its lack of income taxes.
The Weather in Andorra reflects that of the Pyrenees, an agreeable temperature, cool in summer and snowy cold in winter.
The terrain and the climate together make for excellent skiing. People living in Andorra pay no taxes on profits, dividends or income, and with the exception of real estate, no capital gains tax and no inheritance tax.
To encourage immigration by high net worth individuals the Government offers Passive Residence Permits, which are subject to a quota which is determined periodically according to the "economic and social needs of the Principality of Andorra".
Please contact us for more information about living in Andorra and your passive residence application.
Our Services, residency, property and house purchase, rentals, car purchase and registration, translations etc.
As someone moving to a new and strange country we understand that your needs will be many and varied. Through our network of associates, we are able to offer a comprehensive personal service for all of those things that at home may be straightforward but in a foreign country can become a major task taking up unnecessary time and energy. Below are a few of the services we provide.
We will walk you through the necessary paperwork and accompany you to the various government departments to ensure that your application is dealt with promptly and efficiently. We will also help you organise any supplementary requirements such as health insurance or life insurance if needed.
Residence and Property services.
We can help you to find your home, to move in and to deal with all of those organisational details, like getting the electricity turned on, making sure the satellite is installed and tuned in or just calling out the plumber. Once you have moved in we will be happy to keep looking after your home, whether you are living here or away.
We will advise you and deal with the paperwork to register your existing vehicle here or, if you prefer, help you with the purchase, registration and insurance of a new vehicle. We will also offer advice and assistance and deal with the paperwork to transfer your existing licence or to take the Andorran driving test if applicable.
For residency applications the translation of official documents, such as marriage certificates, must be by an approved translator. The official language in Andorra is Catalan and we can arrange for translations from most languages into Catalan and vice-versa.
Moving to and living in Andorra
Andorra is a stable country with benign weather and all the comforts of the first world, Andorra also boasts the world record in longevity, has an excellent health care system, and endless activities to enjoy living life throughout the entire year.
M.P.B. International offers our clients individual and personal service all tailored to individual needs.
Our aim is to make living in Andorra as easy and stress free as possible so that you can get on with enjoying life in our beautiful, worry, stress and income tax free country.
We will remove the headaches of relocating to a foreign country and will ease your path through the formalities of obtaining residency as well as dealing with institutions such as Banks, Insurance Companies, Estate Agents, etc, and we will even call out the plumber should you need one.
The following are just some of the services that we can provide to help you move to Andorra and begin living a tax free life.
If you have specific requirements about moving to Andorra please contact us directly for further information.
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Geography and location
The Principality of Andorra is located at high altitude in the Eastern Pyrenees, landlocked between France and Spain, the total area of this tax free country is 467sq km. The landscape is mountainous with narrow valleys in between. Riu Valira at 849m is the lowest point and the highest point is Coma Pedrosa at 2,946m.
In late July 2008, official figures published by the government put the population at 83,884, it is growing slowly through a combination of immigration and natural increase. Andorrans are a minority in their own country, only 32% of the population is Andorran, while 44% are Spanish, 11% Portuguese, 7% French, and the remainder living here are split among a variety of nationalities.
The residents here live in seven urbanized valleys that form Andorra's political districts the seven parroquies (parishes) they are Andorra La Vella, Canillo, Encamp, Escaldes-Engordany, La Massana, Ordino, and Sant Julia de Loria.