Why choose Andorra? 20 reasons to become an expatriate in Andorra
Andorra Expats | 05.23.2016 | MoraBanc editorial staff
The following list of reasons to move to Andorra is based on the experiences of current expatriates that have made Andorra their new home:
1. Andorra is in the perfect location
The Principality of Andorra is nestled in the Pyrenees Mountains between France and Spain, only 2 and a half hours by car to Toulouse and 3 hours to Barcelona.
2. Andorra’s climate is enjoyable year round
Andorra’s climate is Mediterranean; it is affected by its altitudinal location and its proximity to the Mediterranean Sea. On average, there are 300 sunny days per year.
3. Quality tourism services
You will find a wide variety of lodging facilities in Andorra, spanning different types and ranges. Those visiting Andorra are always welcomed with warmth and treated with careful attention.
4. The Pyrenees Mountains and Andorra
Andorra is located in the Pyrenees Mountains, a natural paradise brimming with grandiose and captivating landscapes. Both the young and old can discover the valleys, rivers and numerous lakes by going hiking or skiing.
5. A preserved environment
The Principality of Andorra is committed to environmental protection measures. There are numerous reserves and natural parks in Andorra, home to a wide variety of rare fauna and flora due to the Principality’s location in the Pyrenees Mountains.
6. A serene haven
The political system in Andorra is very stable; crime and insecurity are practically non-existent.
7. A landscape that’s naturally perfect for skiing
The Principality of Andorra is brimming with winter sports-oriented facilities and activities. There is something for everyone to enjoy at the three ski stations in the Pyrenees which have established Andorra’s fabulous reputation.
8. Excellent shopping deals
Andorra is rich with all sorts of stores and premium outlets. Andorra’s reputation as a country offering a wide commercial range and low taxes is well established.
9. A seductive country for those who love Romanesque art
Romanesque art is considered to be Andorra’s national art style. Numerous paths lead Romanesque art enthusiasts to monuments and churches which pepper the country.
10. Diverse activities
A visit to Andorra does not mean being limited to ski and shopping. There are many other themed visits one can organize in the Principality such as hiking and trekking or a well being oriented stay in a thermal spa establishment.
11. A country with economic vitality
Andorra’s economy is founded on several pillars: A thriving tourist industry (80% of the GDP), duty-free goods and a tax system which is conductive to investment.
12. The advantages of moving to this Principality
The Principality of Andorra has attractive labor costs which encourage employment flexibility: the social charge rate is 20% and the unemployment rate does not exceed 4%. The labor force is multilingual and has a high level of education.
13. Taxes that evolve yet stay attractive
Banking transparency has been established and the income tax rate that was voted for in 2014 and which will be effective as of January 2015 was capped at 10%. Andorra’s agreements against double taxation also make this Principality an ideal location for those seriously considering becoming an expatriate.
14. Bilateral agreements attract investors
These agreements have been signed between the Principality of Andorra and numerous other countries, starting with France and soon to be followed by Spain. This framework guarantees that economic relationships are stable and clear while encouraging investment in Andorra.
15. Favorable taxation for businesses
In Andorra there are many advantages which make this Principality an ideal country for starting a business. Some of which are as follows: the rate of social and employer’s charges remain low (20%), the absence of taxation on dividends, the Income Tax payable on profits is a maximum of 10%.
16. Andorra is open to foreign investments
The Foreign Direct Investment Law was voted for in 2012. It is now possible for foreigners who are non-residents to own 100% of their Andorran company’s capital. There are no restrictions on moving capital and assets such as property.
17. An ideal geographic location
The Principality of Andorra is very well situated. For a long time it has been considered to be landlocked, and in fact, two big countries France and Spain surround it. This Principality is 2 and a half hours by car from Toulouse, 4 hours from Montpellier and 2 hours from Barcelona. What’s more, an airport will be opening soon, making it possible to fly to Paris in 1 hour and 10 minutes.
18. The country’s political stability
Political stability is an essential factor when considering moving to or investing in Andorra. The Principality is one of the oldest parliamentary democracies in Europe. Its ruling system of Co-Princes dates back to the end of the 16th century.
19. Developed services and social framework
The life expectancy is one of the highest in the world! The health care system is superb and one can find 3 different educational systems (French, Spanish and Catalan). Living in Andorra is extremely safe and the level of crime is very low.
20. Access to a genuine quality lifestyle
Andorra has 260 sunny days per year and provides you with the charm of its natural surroundings. There are numerous leisure activities which allow you to have a quality lifestyle, including: nature oriented sports in the summer, superb ski stations to visit in the winter and the Mediterranean Sea which can be easily accessed from the Principality.
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Information on the processing of personal data
In compliance with Law 15/2003 of 18 December on protection of personal data, the customer authorizes that the applicant’s personal data entered on this form will be incorporated into files owned and managed by MORA BANC GRUP, SA – MORA BANC, SAU (hereafter referred to as “MoraBanc”) to process the requested service and, if necessary, to comply with the contracts finally entered into, and also to ensure correct operational procedures.
The applicant expressly authorises MoraBanc to send him/her commercial and promotional communications for products and services and information on the Bank itself, social or other activities, in hardcopy by post or by electronic means (among others, short messages (SMS) to mobile phones, e-mail, etc.). This consent can always be withdrawn, without retroactive effect.
The fact of filling out this form implies that the applicant acknowledges that the information and personal data provided are true, accurate and correct; otherwise, MoraBanc declines all responsibility for the lack of truthfulness or correctness of the data.
The applicant authorises the data provided to be communicated or shared with third parties forming part of the MoraBanc business group, entities which are primarily active in the financial, insurance and service sectors. The applicant is considered as having been informed of this transfer of information by means of this clause. The applicant accepts that he/she may be sent information on any product or service marketed by these companies.
The data processing manager is MoraBanc. The applicant is hereby informed that the rights of access, rectification, suppression or opposition may be exercised in the terms established in current legislation.
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