Would be of interest to me to know if banking and offshore company formation in Andorra stil is a valid and good option for asset portection and reduce my tax burden?
I believe it depends on what your goals are you try to achieve. The privacy protection in Andorra is similar to that in Gibraltar and similar semi offshore jurisdictions.
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.