Not quite, it's just that people don't know well the many ways to establish there.
My own budget will soon switch to be refunded my investments then paying 6.5k in total (of which
3k of corporate capital included, the rest in lawyer assistance) as employed by a family member already passive resident setting a patrimonial company then employing me. From there, I'll contribute for 275 € monthly to the local social security (fixed amount, limitless on revenues) based on the minimum wage, instead of the 475 € as autonom with a company, which represents a great value for retirement + health as a couple, or︀ an extreme bargain if you have an extended family.
From there, I can add other︁ activities as freelancing without an extra corporate, by setting just a commerce which won't entitle︂ me to pay for additional CASS contributions on top of the ones of my employment.︃ I can also pass all my investments like cryptos at the personal level aside, which︄ gives me a 3000 € tax reference debasement per year. I also scratch 3200 €︅ of tax per year on the first 40k of income compared to running a limited︆ company. All my professional expenses can then happen with a personal account which open up︇ the doors for the best banking inside (myandbank, being pal with some bankers of the︈ country, I know which services are about to land in here, no more obsolete banking︉ but Fintech enabled to come. In this case, the KYC with the bank is non︊ existent. Account opening online in 5 minutes.) and the most out of the country options,︋ almost free.
Aside, if you have the chance to be a french or spanish resident,︌ they wouldn't even verify your CV, not requesting for 4 years of experience or diplomas︍ in your domain.
This way is also valid for anyone able to find a job︎ initially in their field of competency, even for a short term period, through the actual️ local job market (check some groups like the IT Jobs Andorra on Telegram) or through already established connections or relatives. Then once a resident, you can mount a local company by skipping completely the foreign investment procedure ...leading to zero capital investment in the country while bypassing the most of the administrative circuit burden (1 month realistically). You then make the transition and voila: Andorra made accessible (capital efficient) and easy that will last under ideal conditions in routine mode, nailing near the benefits of passive residents (only missing 90 days of non residency per annum, that is not enforced through monitoring anyway), possibly even︀ better serviced (through the public instead of private coverage. Once studied lenghtily, it does make︁ sense unless when an hardcore bachelor not spreading his/her risk on savings) & accessing other︂ advantages.
Or you can just buy back an existing company or wait to inherit from︃ the one employing you if anticipated through a clause (friends or family).
Solutions exist through︄ adequate planning. Piercing in Andorra can use several angles of attack. The most extensive advice︅ is not handled away to you on the net or from the outside. But on︆ the ground, you can even find arrangement packages sorting it all out in creative ways︇ based on your personal situation... if digging deeply enough with the right contacts.
