Andorra: The Tiny Underrated Tax Haven

Summary of this video:

🏞️ Andorra's Appeal as a Tax Haven

- Andorra's scenic beauty and advantageous tax system.
- 10% tax rate on income, previously zero, appealing for investors seeking tax optimization.
- Passive residency option requires 90 days per year stay and investment in real estate.

🏔️ Advantages of Living in Andorra

- Low VAT of 4.5%, providing significant savings compared to EU countries.
- Access to quality educationand multilingual environment.
- Friendly atmosphere for English speakers and opportunities to learn Spanish.

🕵️‍♂️ Surveillance and Government Intrusion

- Extensive surveillance with cameras throughout the country, reminiscent of Singapore.
- Government intrusion, including compulsory education and vaccination requirements.
- Residency status dependent on neighbors' reports, potentially leading to cancellation.

🛑 Challenges and Legal Workarounds

- Difficulty in meeting residency requirements, especially for those with children.
- Legal loopholes such as keeping children in school to reduce required residency time.
- Stringent citizenship requirements, including renunciation of other citizenships.

🍽️ Operational Challenges and Overall Impressions

- Operational challenges, such as limited operating hours for businesses.
- Overall impression: Enchantment with nature and people, but concerns about government control and limited activities.
- Rating Andorra 8 out of 10, considering its attractions and drawbacks.

DISCLAIMER: This video is not tax and/or financial and/or investment advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.

[PaulWard-nrrj]

Tax planning is crucial for optimizing investment returns. If not planned well, taxes can eat into your gains and significantly affect your portfolio growth.

[JoseAMoreno]

I heard from a Spanish youtuber say that andorra is about as fun as a cemetery.😂

[paultooms]

Andorra is too much WEF compatible👎. What the heck is going on ? All European nations have to wake up !

[crwnofenlightenment]

This video should've been titled "Reasons Not to Move to Andorra"

[RadioIlluminaticom]

After this review: No more Rafael access to Andorra. Persona non grata

The cameras probably also listen to people....

[owendavies]

world's most beautiful police state

[sergiosuper]

Alright folks, one thing to not forget when moving to Andorra: Get a house without neighbours.

[skittlesgarage]

I was just there a few weeks ago. Very kind people. Beautiful little country.

[clippedbycran]

brother, this video was excellent. you being there in person really immerses the viewer and gives them a general idea for the vibe of the location. great work here.

[OrianaOri-pzdc]

Don't mind investigating before going to a country, Andorra is a great country with the most experience in stealing from foreign businessmen by freezing their accounts.

[Lucas-wvwf]

About two months ago, the Andorran government announced it would reappropriate empty homes to address the housing crisis. This is unfortunate news for those who invested in second homes or holiday properties in the country.

[Rizos-lindos]

I personally recommend that you place not a single cent in that country because you will never see it again, gentlemen.

[garciatunion]

Living in Andorra is like living in Europe without European problems

[leorianyflores]

in spite of being from this beautiful country like andorra you would not recommend any foreign businessman to come to a country like this because there is a lot of money laundering and swindling of foreign businessmen and the cases are covered as if they never happened.

[antarshakti]

It's like living in an open prison.

[xyyx]

It would be interesting to see a video about the "Repubblica di San Marino" also a tiny independent State

[berberecivilise]

French YouTuber Valek and Bruno le Salé moved there, not only for the tax benefits but mainly to escape from persecution from the French government

[asmodeoux]

The main disadvantage is that it’s pretty far from the airport, 3-4 hours as you said. And in such a tiny country I’d love to be able to leave it faster than that haha

[wqzczvm]

I called one month ago an Andorra's financial employee, for crypto taxation is 10%, not zero (unfortunately)

[tstcikhthys]

Interesting to know, given that I'm gonna be visiting soon enough. The weather/landscapes seem right up my alley though. BTW, _router_ (the networking device) is pronounced identically to "rooter"; you pronouncing it as the device that cuts grooves into wood.