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 5th position 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.
7/ There is a guarantee of getting a residence permit in Andorra with the full package of documents in contrast with similar applications for a residence permit in other countries of Europe, USA and Canada.
8/ Social stability, zero level of criminality. According to the World Bank’s report, Andorra ranks fifth in the world in terms of “political stability” and “no criminality” (index 1.32). For example, neighboring Spain is on the 31st place (index 0.01).
9/ Ski resorts of Andorra are open 5 months a year, the cost of season-long ski-passes for the residents makes up 270 euro. Andorra resorts are in the TOP20 of the best ski resorts in the world, according to World Ski Awards. There is the highest density of ski-lifts per m2.
10/ The largest in Sothern Europe Caldea INUU thermal SPA is available all year round.
11/ Mediterranean resorts of France and Spain are located within 2-hour driving distance.
12/ Low-cost airplane connection between the cities of Spain, France, Portugal, Canary and Balearic Islands is established in 2016.
13/ More than 300 sunny days per year. Andorra is a sunniest ski and thermal resort of Europe.
14/ The prices for luxury goods, household appliances, alimentary and alcohol are by 10-25% lower than in EU countries.
15/ Free education of children with simultaneous learning of 5 foreign languages (Catalan, English, French, Spanish and Portuguese). Skiing is an integral part of educational program.
16/ High quality medical services. Best healthcare system in the world: Andorra. Rating of the leading medical journal The Lancet. The cost of year-long medical insurance with worldwide coverage starts from 800 euro.
17/ Ideal environmental conditions. On the territory of Andorra there are no large industries and almost 40% of the territory is a national park under UNESCO protection. Andorra ranks 2nd in the world in terms of life expectancy, which according to the UN is 81.6 years.
18/ Unlimited transfers and living on the territory of Spain, Portugal and France (including Monaco).
19/ Simplified procedure of long-term visas and residence permits in other EU countries, as well as in the USA, UK, Australia, Japan and Singapore.
20/ Passive residents without the right to work have to reside in Andorra for at least 90 days. In other countries of Europe, USA and Canada the same residence permit obliges the candidate to stay in the country for at least 183 days.
21/ Andorra is the 14th oldest state in the world that has been safeguarding its neutrality for the last 700 years of history.