Andorra Just Changed Everything For Investors
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Top Comments (10)
1 million to get citizenship in 20 years, it's cheaper and faster for illegal immigrants to get EU citizenship
Here's the thing about Andorra: 1. They're rather high tax, its not like the good old days when they were 0% PIT 2. 20yrs to naturalize, and they don't allow dual/multiple nationality. Thus, like Monaco, Permanent Residence is the best you'll ever have as the whole point is to have options, not be limited 3. Apart from skiing in the winter, the place is basically dead other than tourists making day trips for duty free shopping 4. Everything is way overpriced. 5. Andorra is NOT in Schengen so being a citizen does NOT open EU doors...
I’ve been to Andorra once a decade ago as part of a tour from Barcelona, took three hours to get there and not much to see or do, just there for the shopping tax advantages.
Andorra’s selectivity is part of what’s keeping it nice.
Monaco isn’t “Glitz and Glam” when the F1 isn’t on. It’s boring AF during the rest of the year. Plus you HAVE to live roughly 1/2 the year in Monaco and they send the cops to check up, they will ask you neighbors if they have seen you lately and they will check your electric bills to make sure you’re not just riding the system.
The problem andorra is 92 percent mountains and forest . Running out of places to build
That’s the problem when you move into these countries and settle in all the taxes etc can/will change!
the freedom fighters mistaking andora for angola is priceless. next they'll be telling us kofi annan is a new starbucks drink.
40 years ago it looked ok to me. but they are dropping further down the line.
Thanks
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Top Comments (10)
1 million to get citizenship in 20 years, it's cheaper and faster for illegal immigrants to get EU citizenship
Here's the thing about Andorra: 1. They're rather high tax, its not like the good old days when they were 0% PIT 2. 20yrs to naturalize, and they don't allow dual/multiple nationality. Thus, like Monaco, Permanent Residence is the best you'll ever have as the whole point is to have options, not be limited 3. Apart from skiing in the winter, the place is basically dead other than tourists making day trips for duty free shopping 4. Everything is way overpriced. 5. Andorra is NOT in Schengen so being a citizen does NOT open EU doors...
I’ve been to Andorra once a decade ago as part of a tour from Barcelona, took three hours to get there and not much to see or do, just there for the shopping tax advantages.
Andorra’s selectivity is part of what’s keeping it nice.
Monaco isn’t “Glitz and Glam” when the F1 isn’t on. It’s boring AF during the rest of the year. Plus you HAVE to live roughly 1/2 the year in Monaco and they send the cops to check up, they will ask you neighbors if they have seen you lately and they will check your electric bills to make sure you’re not just riding the system.
The problem andorra is 92 percent mountains and forest . Running out of places to build
That’s the problem when you move into these countries and settle in all the taxes etc can/will change!
the freedom fighters mistaking andora for angola is priceless. next they'll be telling us kofi annan is a new starbucks drink.
40 years ago it looked ok to me. but they are dropping further down the line.
Thanks