MotoGP two-times world champion Marc Marquez plans to acquire the residence of Andorra to minimize taxes

MotoGP two-times world champion Marc Márquez (represents Honda Repsol team) plans to acquire the residence of Andorra to minimize taxes. 21-year-old sportsman, that this year has won the title of the world champion for the second time, earns about 10 mln euro annually. The residence of Andorra (Pyrenees) (now the sportsman lives in northern-east region of Catalonia, 120km away from Andorra) will allow Marc Marquez to minimize the tax payments to 30 000 euro per year. In Spain the tax rate would make 49% of the above mentioned sum, which is 4,9 mln euro annually!

The sportsman plans to move to Andorra with his brother, 18-year-old Alex, Moto2 world champion of 2014. In accordance to the rules of the Government of Andorra, in order to get the tax residence of the Principality an applicant should spend at least 183 days a year on the territory of the Principality.

Young Spanish champion is not alone in his wish to live in Andorra by analogue reasons. Alberto Contador—a professional Spanish bicycle road racer that represents Team Saxo-Tinkoff, two-times champion of Tour de France,  the winner of Giro d’Italia, two-times winner of Vuelta a España, as well as the colleagues of Marc Marquez –Spanish MotoGP racers Dani Pedrosa and Jorge Lorenzo also prefer to live in the Principality.

See also Living in Andorra

See also Taxes in Europe

See also Taxes in Andorra VS Taxes in France

See also Taxes in Andorra VS Taxes in Spain

Read more: All Andorra news ...