Relocation Services in Andorra
ServicesActive residency, passive residency, relocation of HNWIs, and real estate investments.
We offer comprehensive advice on relocation services, covering all legal and strategic aspects for those looking to establish or expand their activities in Andorra. We tailor our solutions to each client’s unique circumstances, ensuring a flexible and personalized approach.
Our competencies at a glance:
- Active Residences: Comprehensive support for entrepreneurs and self-employed professionals in obtaining residency permit, tax and wealth planning, and regulatory compliance.
- Non-Lucrative Residences (Passive Residences): Designed for high-net-worth individuals, athletes, and professionals who work outside Andorra but seek a quality lifestyle and wealth optimization. Our comprehensive approach covers everything from tax planning to asset protection and succession planning, helping our clients effectively manage and structure their wealth.
- Company Incorporation: We provide advice on the creation and structuring of companies in Andorra, taking advantage of the country’s tax benefits. Our team offers personalized solutions to optimize our clients’ corporate and tax structures, maximizing their business opportunities.
- Relocation of Workers’ Residences: We help companies and their key staff to make an efficient and smooth transition. We handle the international mobility of employees, ensuring regulatory compliance.
- Real Estate Investments: We offer comprehensive legal advice throughout the lifecycle of your real estate investment, covering everything from financing and acquisition to construction, exploitation, and sale. We specialize in sales, financing models, and leasing law, always aligning with each client’s specific objectives. Our approach focuses on strategically managing the legal aspects of real estate development, anticipating regulatory changes, and optimizing the profitability of your investments to ensure sustainable growth.
Economic Substance and Tax Transparency: How to Establish a Company in Andorra
Andorra has emerged as a compelling destination for foreign investors due to its competitive tax regime and economic stability. However, establishing a company in Andorra requires meticulous planning to ensure economically justified structures that align with international tax transparency standards
Tax, Social and Accounting Obligations for Companies in Andorra
Companies in Andorra must comply with tax obligations such as the Corporate Tax (10%) and IGI (4.5%), depending on their revenue volume. They must also manage monthly social security contributions (22% of gross salary). They are required to submit annual accounts and keep documentation for 6 years. Large companies must audit their accounts. Non-compliance can result in fines of up to €6,000.
Power of Attorney in Andorra: Importance in Cross-Border Transactions
A power of attorney in Andorra is a legal document by which a person authorizes an agent to act on their behalf in certain legal matters. In Andorra, governed by civil law, the formalities for granting powers are strict, especially for acts of disposition. This differs from the common law system and is crucial in international transactions to avoid legal risks arising from powers granted without complying with formal requirements, which could allow unauthorized acts harming the parties involved.