Andorra residency

[BlinkHood]

That's the theory yes, but in my opinion⁠ it's best not to give them reasons to look into you, and in the worst⁤ case that you have to go trial over taxes to have a VERY clear advantage⁣ to argue that you owe taxes to other countries instead of Spain.
Idk maybe I'm⁢ paranoid but the stories you hear about how invasive the spanish tax agency is are︀ really fcking scary

No, not buying a flat, no way with how overpriced flats are in Andorra. I haven't︅ decided yet what I will do, you can do a bank deposit, bank products, you︆ can even open your own company and simply add the 350k and it should work.︇ I thought about doing a company and investing through IBKR since andorran banks fees for︈ stock trading are insane.

 

[Houdini]

Isn't that the case with most‍ European tax authorities in 2023 ?

 

[nobel]

When you start a company⁣ you always have to do a tax return which is annoying. Tax consultant is also⁢ not cheap. Also 10% tax with the stock exchange profits what with the passive residence︀ only would be actually 0%.

 

[BlinkHood]

True, it is annoying that you have to pay a 10% tax on stocks as⁤ a company but not on your own name. I think it's still a better alternative⁣ than to buy overvalued Andorran real estate. The other alternative to get a bank product⁢ doesn't seem to good either.

You seem to know quite a bit, you live in︀ Andorra aswell?

 

[nobel]

Yes I live in Andorra. But the rents⁣ are getting more and more expensive. You live for rent?

 

[BlinkHood]

Yes I am renting. Rents have become‍ very expensive this past year but I was able to get a good deal on⁠ where I am now.

I would like to move but yeah it's simply not worth⁤ it given how expensive rents are now.