Jubilación en Andorra, ventajas y retiro

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Retired or retired executive in Andorra in 2020

The jubilación en Andorra tiene muchas ventajas respecto a otros países. Y es que además de los perfiles sobre negocios digitales, también los de particulares o grupos de particulares con gran patrimonio que quieren retirarse y no hacer negocios son de los perfiles más habituales de nuevos residentes en el Principado. Uno de ellos es el de jubilado o retirado, personas que tras haber culminado su etapa profesional, they seek peace, tranquility and good non-confiscatory taxation.

A retired senior citizen profile can obtain a residence permit in Andorra by authorizing non-profit residence (see the requirements here). This residence permit does not grant the right to work in Andorra, but it does grant tax residence in the country. Therefore, unlike active residences, it does not require a contribution to the Andorran Social Security Fund (CASS), although it requires that people who come to reside have adequate private health coverage. & Nbsp; In addition, is compatible with the perception of the retirement pension of the country of origin.

Ventajas fiscales de la jubilación en Andorra

The main tax advantages the ones that retirees enjoy when residing in Andorra are:

  • (i) The non-requirement of wealth tax.
  • (ii) The non-existence of inheritance and gift tax.
  • (iii) The low tax on the returns that can be obtained from your assets (maximum rate of 10%, in some cases total exemption, depending on the type of return).

In other words, the main tax advantages are built on the pillars of the tax planning and the option economy. Thus, each profile presents a different heritage, and therefore, tax advice with international tax experts is essential prior to transfer. Sometimes it may not be interesting to reside in Andorra, at other times it can be extremely lucrative with significant tax savings. Always depending on the patrimonial structure, the type of assets held and the legal category of the income to be received.  

Also the estate succession must be planned seriously and with a good advisory and consultancy service. De nuevo, la tipología de activos marcarán el ahorro fiscal, así como la participación en el esquema de planificación de los herederos y legatarios. Además del tipo de activos y su ubicación, La residencia fiscal es, en los casos de jubilación, un factor determinante. 

The best healthcare system in the world

For a smooth and easy retirement, one of the essential points is health. Upon reaching the third age, health problems become more frequent and severe and it is very important to take proper care of them in order to maintain a happy and active lifestyle. Have the guarantee of being able to access quality, safe and unsaturated healthcare is a relief for a retiree.

Just like we explain in the article dedicated to it, Andorra can boast of having a tremendously competent and solid health system, declared as the best in the world according to many rankings and important scientific magazines.

Physical security and tranquility

Tranquility and peace, retirement in Andorra

The null crime has always been a very remarkable and envied feature of Andorra. With a almost null crime and criminalityThe few crime cases are usually easy news. Its location and orography, embedded in the middle of the Pyrenees, also contribute to this issue. And what more tranquility than living in a mountainous area where more than 90% of the extension is forest territory.

Example of peace and neutrality

In addition to zero crime, Andorra's leafy history of political neutrality is also one more than relevant factor for a retiree when deciding on this country for retirement. And is that the Principality has been in political neutrality for more than seven centuries, in spite of the numerous world-wide, European and particular warlike conflicts of the neighboring countries, especially France and Spain. This was stated by Xavier Espot, the current Prime Minister, at last year's Peace Forum.

Neither the succession wars, nor the Napoleonic wars, nor the various coups d'état, not even the Second World War was able to shake the balance of Andorran pacifism. A clear example of flight from full-blown war and political conflict. They can get more information about the history of Andorra here.

At Andorra Insiders we have, among others, the best tax advisers in the Principality of Andorra, absolute experts in tax planning and with extensive experience in this area. If the Principality is considered as an option for your retirement, do it in the hands of the best experts and carry out a safe and lasting planning, both for retirement and for subsequent succession. In addition, we offer comprehensive support, accompanying you from the first moment until your effective transfer, guiding and advising you on the services and activities that the country offers. Contact us here and tell us your caseWe will personalize our services carefully.

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