Advantages of living in Andorra, just a few minutes from Barcelona.
Spaniards move to Andorra to set up companies for several reasons, including:
- Tax advantages: Andorra offers a very attractive tax regime, with much lower corporate taxes than in Spain. The corporate tax rate in Andorra is 10%, compared to the highest rates in Spain.
- Favorable regulation: Andorran legislation is more flexible and agile compared to Spanish legislation, which can facilitate the creation and management of companies.
- Political and economic stability: Andorra is known for its political and economic stability, which creates a favorable environment for business.
- Confidentiality and privacy: Andorra has a reputation for financial privacy, which can be attractive to some companies and entrepreneurs.
- Geographical proximity: Andorra is located in the heart of the Pyrenees, which makes it easy to access Spain and France, allowing entrepreneurs to operate in these markets.
- Quality of life: Andorra offers a high quality of life, with an attractive natural environment, good education and health services, making it a desirable place to live and work.
- Less bureaucracy: Bureaucracy in Andorra is usually less complicated than in Spain, allowing for faster and more efficient processes for setting up and managing companies.
These reasons, among others, have led to an increase in interest in establishing companies in Andorra, especially by Spanish entrepreneurs.