Best place to live. 21 “PROS” for high living standards in 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 5thposition 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 on businesses in Andorra is one of the lowest in Europe. Companies’ profits are taxed at 10% with an opportunity to reduce to 2% (if the relevant requirements are met). Andorra is listed among the 25 best countries in the world for business, according to the International Living Index.
6/ The opportunity of legalizing a family and obtaining active residence with labor permit on the “ turnkey” basis, investing no more than 15 000 euro.
What is a living in Andorra: https://all-andorra.com/living-in-andorra/