IGI Andorra

Top 3 benefits living in Andorra La Vella Center

The world has been going through monumental distress for a year now. A lot of people became homeless, lost their job, or are moving to a different country to start a new life. There may not be a simple solution to such problems; however, there is something the entire team of professionals at Andorra can ease your pain by providing you with a straightforward immigration process and a family-like place to live in.

Andorra is built with a team of professionals who aim to provide their clients with aids in numerous sectors, such as – accounting, tax, immigration, business model, investment, residence, legal advice, and so on. Thus, by knowing their strengths, it will be easier for you to decide if you want to reside in Andorra La Vella Centre. There are a few advantages that you can enjoy by being a part of this community, and ensure a better living for you and your family. You can go through the following section to know about such advantages –

The Top 3 Advantages of Living in Andorra –

  1. High Security –

Andorra aims to provide the kinds of security to their clients, which will safeguard such individuals from any physical and emotional distress. With

high level of security you do not require to be concerned about your family’s safety, as they will be protected around the clock.

  1. Top-notch healthcare system –

Not only Andorra provides their residents with an impeccable healthcare facility, but such individuals can avail free healthcare with a percentage that is within their monetary availability

  1. Low tax – 

If you are an immigrant who wants to establish his or her agency, then it will be beneficial if you start it in Andorra. Why? Because the tax scale is lowest in this region, and the organization can reduce corporate tax up to 2%. If you are wondering How many taxes are paid in Andorra? Then it is safe to mention that the company covers all types of personal and business taxes, therefore, you can efficiently plan your entire budget, and invest.

Finally, it can be said that you can live the life you want with your family in Andorra, while pursuing the career you want by being a part of Andorra. The extraordinary part of it is, that you can avail various benefits from the same.

What Makes Andorra A Real Estate Investment Hotspot?

Andorra is a country located between France and Spain. This principality has a population of 75,000 and it is also a famous tourist destination attracting over 8 million people annually. Because of the unique location, Andorra offers a complete range of recreational pursuits in both the winter and summer seasons. This increases the demand for shifting to this country. The residential properties also remain a stable and attractive investment in this country due to the low taxation rates, high-quality healthcare, and schooling facilities, and great investment opportunities.

So, the quality of life here is much higher than in other parts of the European Union countries. With one of the lowest taxation rates in the world, people often consider Andorra as the tax heaven. This is one of the reasons why people choose to shift to this country. Besides, the property prices are very reasonable in Andorra. It offers a great opportunity for people to invest in the real estate properties of this country.

How Much Tax to Pay for Real Estate

So, if you want to know how many taxes are paid in Andorra, then the answer is that the taxation system is very simple in Andorra. And unlike other countries, taxes like inheritance tax or wealth tax don’t exist here. Besides, the low percentage of tax is also applicable to the VAT, which goes from 4-12%. The capital gains tax is 10% with several exemptions for reducing and eliminating the requirement to pay it. You can get more information about it by visiting the best Andorran Tax Agency.

And although there is a high demand for the real estate market in Andorra, the property prices are very reasonable. Besides, the options for renting are not that positive here. The availability of rented properties is limited and it is consistent.

Legal Requirements for Apartments in Andorra

So, if you have decided to buy a property in Andorra or want to get apartments in Andorra La Vella Center after going through this blog, then now I will guide you about the legal requirements for purchasing properties in this country. Remember that you need authorization from the government to purchase a property in this country. And there are two main types of taxes involved here namely tax on the purchasing price (1.5%) and tax related to the ITP (2.5%).