If you are searching on the internet and reading about Andorra, it is probably because you already know this small country in the Pyrenees quite well and are aware of its greatest advantages. Surely you will have marveled at its majestic mountains, its quiet towns and its small but welcoming, charming and very well-cared-for capital. You may have noticed that the country is very dedicated to tourists and visitors and has many services.
The best spas, its exquisite gastronomy, cheap shops with lavish shop windows and duty free, viewpoints with landscapes that take your breath away, paths that respect nature, ski resorts with endless slopes and prepared for the greatest experts, beautiful mountain passes of asphalt, tracks and trails... Being a country that receives 8 million tourists and visitors a year despite its small size and few infrastructures, it is obvious that they seek to treat leisure people well.
However, moving to Andorra is not for everyone. Precisely this treatment is so focused on tourism because the country falters in other points. Agriculture is very limited, there is hardly any industry and physical commerce is made difficult by its rugged terrain, which increases the distance between people and prevents social connection. This is aggravated by its climate which, although dry and relieving, is also cold, especially in the towns and higher altitude locations.
Like countries like Switzerland, with which Andorra shares many characteristics, in order to compete and survive, Andorra has had to look for alternatives that would increase its competitiveness against other countries. That is why, until two decades ago, it was an opaque and self-sufficient tax haven: because it benefited from being an offshore financial refuge and from smuggling products with low taxes to its neighboring countries, although it also exploited its tourist side.
After starting your transformation and international opening, the Principality has sought to promote, on the one hand, the tourist part of its advantages and, on the other hand, modernize its institutions, diversify its economy and open the country to people, capital and foreign talent that can invest in Andorra , and people and especially entrepreneurs have started to move to the Principality permanently. But its history and characteristics mean that not everyone can settle in Andorra.
Before explaining who would find it profitable and interesting to settle in Andorra and reside here, it is better to indicate for whom the Principality is certainly not the best option. At the end of the day, all countries have their counterparts to take into account and with the establishment it is possible to gain in some aspects (advantages) and lose in others (disadvantages). It is not highly recommended to relocate to Andorra for the following:
One of the ways to settle and move to Andorra is through an employment contract by an Andorran company. If the objective is to obtain a temporary contract and spend the season in the country, it is relatively easy to do so and reside in the Principality for a while, but you should know that it is only a "license" to stay in the country for work reasons and, In general, it does not grant the right of fiscal residence.
Regarding obtaining labor contracts and indefinite residence permits, it is difficult and complex because companies have many restrictions in this regard, since the Andorran labor market prioritizes the hiring of already residents, it is difficult to find a good employee position and the processing they find it expensive. For this reason, the residence permit is normally requested before hiring a person, unless it is an extremely brilliant resume, an emergency position or a parastatal entity.
The majority of people who relocate as temporary, either do so to live new experiences and enjoy the country for a while, or with the hope of obtaining a permanent contract in the future that allows them to settle permanently and throughout the year. . This is feasible since after several years hiring a person as a temporary worker, a company has greater facilities and fewer restrictions in hiring them for an indefinite contract, although this will depend on the company in question.
However, if the objective is to save and generate a little money, we recommend understanding what the cost of living in Andorra in order to be able to compare with your salary and know if it is worth moving to Andorra or not. This will also depend on your salary, your pace of life, your rent and other costs associated with the very fact of living.
Let's make it clear from the beginning: moving to Andorra is a great option especially for all those who have a lot of independence regarding the professional activity they carry out or their business. That is, especially for digital entrepreneurs. Why? There are many reasons for this. By independence we refer here to different types and levels, all of them very important to assess whether establishment in the country is appropriate. Although they seem the same type they are not, but they are interdependent:
Obviously it is not necessary to be completely independent in all these factors, but they are simply a way of evaluating the convenience of the transfer. The more independence of these factors, the better.. And if you have little independence of a specific factor, it is better to have independence in all the others. As we can see, the restrictions on the international movement of people, goods and capital from Andorra and the handling of customs significantly reduce the profitability and efficiency of certain activities.
One possible option is the subcontracting of what cannot be established in the Principality. For example, in the case of the employees in the last example, the previously employed could become self-employed residing in the country of origin and be billed for their services performed independently, or maintain a company in said country of origin to perform the functions that cannot be relocated and another in Andorra for the functions that can be relocated, although this increases costs due to the legal structure that must be maintained.
That is why activities with and digital services are the most indicated and the ones that most allow moving to Andorra. Digitization is in fashion today. The people who carry them out can create a company, open their business and establish themselves in the country much more easily than other professionals. Youtubers, streamers and content creators, online marketing businesses, computer and graphic design activities, creation of web and mobile applications, financial traders and investors, cryptocurrency businesses are a typical example.
Although these activities are typical and very clear examples of people who can relocate in Andorra, there are other cases in which a fit in the country could also be analyzed. To cite a few examples: copywriters, translators who work remotely, remote teachers, writers who sell books in digital formats, authors of online courses and academies, remote consultants, etc.
However, it can also be interesting for those people who, although they require a physical location to carry out their activity, their activities, their products or services are intangible. We are therefore talking about artists and actors, elite athletes, managers of multinationals who travel all over the world, etc. Of course, as long as they can justify their activity and/or residence in Andorra with the consequent requirements.
Lastly, another client profile or case for which moving to Andorra may be attractive is that of retirees with good capital. Thanks to the non-lucrative residence permit, if a person wants to spend their last days of quiet retirement in the Andorran mountains, they can do so without any problem. We explain more in our article on the ways of living in Andorra.
Having a capital of more than €600,000 to invest in Andorran assets, a retired person can settle in the country by investing that amount in assets of the country, for example buying a home or real estate. Thus, only by fulfilling certain requirements, among which is staying in Andorra for more than 90 days, could you enjoy the country's landscapes and pay your income and capital gains under Andorran taxes.
Therefore, below we show articles on four cases compiled from the most frequent types of customers in Abast and Andorran residents in general. In them we show the advantages, requirements and procedures necessary for the establishment and installation in Andorra. What type of Insider is your case? Tell us here and we will help you move to Andorra.
Retirement in Andorra has many advantages compared to other countries. And it is that in addition to the profiles on digital businesses, also those of individuals
As is well known, many youtubers (now also streamers) and influencers, also called content creators, have moved their residence to the Principality of Andorra, mainly
Investing in cryptocurrencies in Andorra can be a very relevant option for many people, especially from Spain. Like all businesses related to cryptocurrencies, tokens,
Is it beneficial to be a trader in Andorra? Yes, in fact, one of the types of clients standardized in Abast to move to Andorra is that of
