Andorra: The Tiny Underrated Tax Haven
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- čas přidán 27. 08. 2024
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Summary of this video:
🏞️ Andorra's Appeal as a Tax Haven
- Andorra's scenic beauty and advantageous tax system.
- 10% tax rate on income, previously zero, appealing for investors seeking tax optimization.
- Passive residency option requires 90 days per year stay and investment in real estate.
🏔️ Advantages of Living in Andorra
- Low VAT of 4.5%, providing significant savings compared to EU countries.
- Access to quality educationand multilingual environment.
- Friendly atmosphere for English speakers and opportunities to learn Spanish.
🕵️♂️ Surveillance and Government Intrusion
- Extensive surveillance with cameras throughout the country, reminiscent of Singapore.
- Government intrusion, including compulsory education and vaccination requirements.
- Residency status dependent on neighbors' reports, potentially leading to cancellation.
🛑 Challenges and Legal Workarounds
- Difficulty in meeting residency requirements, especially for those with children.
- Legal loopholes such as keeping children in school to reduce required residency time.
- Stringent citizenship requirements, including renunciation of other citizenships.
🍽️ Operational Challenges and Overall Impressions
- Operational challenges, such as limited operating hours for businesses.
- Overall impression: Enchantment with nature and people, but concerns about government control and limited activities.
- Rating Andorra 8 out of 10, considering its attractions and drawbacks.
DISCLAIMER: This video is not tax and/or financial and/or investment advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.
Tax planning is crucial for optimizing investment returns. If not planned well, taxes can eat into your gains and significantly affect your portfolio growth.
Absolutely, proper tax planning can help minimize tax liabilities and maximize after-tax returns. It's essential to consider factors like capital gains taxes, dividend taxes, and tax-efficient investment strategies.
With the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and adapt your tax planning strategies accordingly.
the problem is that you don't have the knowledge needed to succeed in a challenging market.
Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
I’ve been looking forward to work with an investor. Do you mind recommending one?
I heard from a Spanish youtuber say that andorra is about as fun as a cemetery.😂
Pretty much yes
true but you can drive down to Barcelona or the beaches in Costa Brava in a couple hours
Hahahahahahahahaha Jose my bro
@@b4rruf3tso the only way to have fun in Andorra is to **leave** Andorra 😨
@@user-md9pl9ly9j it's not a big deal. you walk 3 minutes and youre already in spain or france
Andorra is too much WEF compatible👎. What the heck is going on ? All European nations have to wake up !
It's too late! They won't wake up!
Actuallly it is the US that needs to wake up about the religious fascism
After this review: No more Rafael access to Andorra. Persona non grata
The cameras probably also listen to people....
hahaha literally
This video should've been titled "Reasons Not to Move to Andorra"
Alright folks, one thing to not forget when moving to Andorra: Get a house without neighbours.
world's most beautiful police state
Lmao literally
I was just there a few weeks ago. Very kind people. Beautiful little country.
About two months ago, the Andorran government announced it would reappropriate empty homes to address the housing crisis. This is unfortunate news for those who invested in second homes or holiday properties in the country.
Don't mind investigating before going to a country, Andorra is a great country with the most experience in stealing from foreign businessmen by freezing their accounts.
in spite of being from this beautiful country like andorra you would not recommend any foreign businessman to come to a country like this because there is a lot of money laundering and swindling of foreign businessmen and the cases are covered as if they never happened.
Bro never skips jaw day!
Lol
The main disadvantage is that it’s pretty far from the airport, 3-4 hours as you said. And in such a tiny country I’d love to be able to leave it faster than that haha
I personally recommend that you place not a single cent in that country because you will never see it again, gentlemen.
Rafael, love the videos man.
Thank you!
French CZcamsr Valek and Bruno le Salé moved there, not only for the tax benefits but mainly to escape from persecution from the French government
brother, this video was excellent. you being there in person really immerses the viewer and gives them a general idea for the vibe of the location. great work here.
It would be interesting to see a video about the "Repubblica di San Marino" also a tiny independent State
It is hard to get citizenship in San Marino though.
Good one!
I called one month ago an Andorra's financial employee, for crypto taxation is 10%, not zero (unfortunately)
Otro gran video Rafael 👏
Living in Andorra is like living in Europe without European problems
Pretty much yes
Same with Switzerland in my opinion
@@nunobritoo no way, there so many things to do and places for visiting in Switzerland, and skiing is next level, there is no powder in Andorra
@@garciatunion I meant living in Switzerland is living in Europe without all the European problems
@@nunobritoo oh , thats true, you should also visit Slovenia (one of my favorites), Hungary, Croatia, Poland, Lithuania, Latvia, Estonia. Just avoid the West, even Luxembourg is not safe anymore
It's like living in an open prison.
Compulsory public education is a deal breaker. Homeschooling is the only way to go for my kids.
Spot on!
Right on. Compulsory education that can be turned into brain washing at the whim of bureaucrats if they feel like it...
Scratch that place off the list. Nosy government is bot my jam
We would like a country like Andorra to take justice seriously and begin to take charge of the complaints against the country for its banks, stealing from foreign businessmen.
As a Spaniard living in Andorra for nearly 4 years now, I have to say I love this country. I like climbing and snowboarding and Andorra is perfect for both. Safety in Andorra is amazing, especially having a look at what is going on in other countries in Europe, and that becomes very important when you have kids. My only fear is that Andorra decides to reach some kind of agreement with the EU which would completely ruin this beautiful country. By the way, in order to get the citizenship you need to speak Catalan (not hard to learn if you already speak Spanish) but I agree than 20 years is a long time.
what about Luxembourg i am from Belgium and i know a lot of people here do things in Luxemburg because we have very high taxes while Luxemburg has very low taxes compared to Belgium at least probably still bad compared to Andorra and some of the small island countries.
It's boring man. Luxembourg is like a small beautiful village. You can stay for a few days, then it gets boring. It's too small and houses too expensive
The people of Andorra are already tired of so much abuse of power, these rats have to get out of power, gentlemen, until when
The abuse of power in Andorra has to end. How is it possible that their banks live by stealing from foreign businessmen and no one realizes what they do or the judges simply turn a blind eye so as not to judge them?
Andorra is amazing, love it
We all know the case of Mexican businessmen who have been trying to recover their blocked accounts in Andorra for more than 9 years, accounts from which the money disappeared and to this day they still do not give answers as to what they did with it.
These people who have done so much damage to foreign investors should not be free as if they should not be in prison.
Attracting investors? Or moving away? For God's sake, investigate, nothing you say makes sense.
Interesting to know, given that I'm gonna be visiting soon enough. The weather/landscapes seem right up my alley though. BTW, _router_ (the networking device) is pronounced identically to "rooter"; you pronouncing it as the device that cuts grooves into wood.
andor You have to be afraid of it, it is a country where neither tourists nor anyone should go to invest since as you can see it is a country where they rob businessmen
Very cool to see what it looks like on the ground!
Wow, these are very unexpected insights about Andorra. Never thought it might be that tricky
Last year, I thought a lot about going to that country and doing something permanent there, but I heard that they are very strict about issues like residence permits
worth noting that they don’t really stamp passport 99% of the time when u enter or leave the country. I spent about 2
months there and it does get boring quite quickly indeed. Very interesting place but living there for 6 months aint it
The only thing that matters to the government of Andorra is to continue getting rich and take care of its interests, gentlemen.
In all the countries I have visited, this is one of the worst in the world. Corruption is causing chaos among foreign investors who are the first affected.
I spent 4 days in Andorra earlier this year to check it out as a possible place to spend 3 months fo the year. I couldn't do it. Its too small, whilst the landscape is beautiful, its a bit too purpose-built for my liking. I'd go crazy for 3 months of every year.
This country has been through a lot, imagine everything that businessmen go through because of the judges of Andorra who do nothing but rob businessmen.
Andorran residence permit doesn't grant access to Schengen countries but just to Spain and France. Is that correct?
Doesn't that create problems while flying in to Spain / France from anywhere not EU?
I don't understand what they gain by calling a country corrupt, as if it were a wonder when in reality it's not pure idiocy is what they say.
I was considering it as a french resident living not too far from it, but I really couldn't even see myself living even 3 months per year there... That said I don't like skiing or hiking, if that's your case and you like nature and peace it's doable
Has he got a San Marino video?
I don't think so.
andorra should be a country where all its judges are investigated and dismissed as thieves for covering up the robbery of Mexican businessmen by private banks and that 9 years have passed and the case is still unresolved.
It is not possible to continue coming to Andorra when we know that they are thieves and that it is a highly dangerous country for companies.
UAE 🇦🇪 is the only option for me.
In winter its heavy snow .
If they knew all the damage that this country has caused to foreign businessmen, they would not take it into account when investing or visiting
close but no cigar....
great research and great post as always..thanks
we do not want to know more about a country like that foreign businessmen are not willing to go to a country even if we are invited to be swindled or to have our accounts frozen without strong evidence of what they accuse us of.
It is a country that you cannot not breathe 🤬🤬🤬 these unfortunate people in the government abuse the power they have
Rafael, do you mean you cannot live anywhere else for six months? Wouldn't an American or Canadian lose their residency and health insurance?
Why don't you tell that pure corrupt thieves work in the private banks of Andorra?
Andorra sounds to me a bit like it is run by fascists if they can kick you out because a neighbour doesn't like you and similar risks of loosing residency.
You just believe that, the majority of foreigners prefer to look for other countries to make their investments or save, Andorra is of no use.
One of the best countries have been to . Especially because I live in austria and it has become more of a Liberal country
Make video about Giethoorn.Netherland
Lol that makes no sense.
The truth is that Andorra is of no use there, they do not respect the human rights of foreigners 🤬🤬🤬
If they knew what happened to the Mexican businessmen in Andorra they would never travel
This is the most shameless man in the world, gentlemen, talking about Andorra being the most beautiful thing on the planet, when he himself knows that Andorra is disgusting.
the cons all together, just even one of them, makes it pretty unworth to go there.
Can you please do a video on Spain, I love all your videos :)
The worst of all is that they steal and steal and no one can do anything, why do they control the entire system?
The reality that exists in Andorra is very strong, nothing like everything they want to pretend
2:40 that is the most important thing to me. 🤣
🌈Find out about the exemplary and great head of government there!🌈👨❤👨👨❤💋👨🥰👍
and to think that such a beautiful place is the cradle of so much corruption, racist crimes, abuses by its government towards foreigners and a bank that is a mafia... Andorra is the downfall, there are plenty of injustices and corrupt people
They do not trust a country that is harmful to investors, they should be careful when going to a foreign country to invest since they could get scammed, as is the case in Andorra.
man i hoped i would have never seen you discover this gem lol. Nothing personal though.
Corruption and more corruption is what I think when they talk to me about Andorra. Why have I seen everything that Mexican businessmen have suffered to recover their assets, those thieves should be in jail
The video is very nice, but it takes a lot to investigate about Andorra, the truth is that what stands out about that country is how corrupt it is and how they treat foreigners... what happens there is terrible
If I can put my kids
through big pharma experiments I can save a few hundred quid by living in Andorra. Mhmm. Sounds like a deal.
Too much government intrusion for my liking, but if you love being a obidient little slave, Andorra is probably a great country.
They offer you the best wonders in the world and then leave you bankrupt that is their modus operandi.
That really looks like Zermatt in Switzerland. Family is hell. Stay single than u can go where u whant. I left Switzerland because of they control even the food what children has to eat. They not allow sweat things and so. Not acceptable for me this boring 9-5 daily job and then with kids.
can you make a video about Mauritius 🇲🇺?
Did they increase the minimum amount from €350+50 to €550+50?
Yes
Bro it cracks me up how in your videos you seem to pick and choose which words you want to pronounce with a Spanish accent and which ones you dont: Andorrrra to adoran (English accent) and yoy also say Spain and España lol
A Chinese controlled environment in Europe for sure 👁️. It’s baffling to see what people are ready and willing to give up, for money.
Andorra is beautiful but be honest soon or later will increase the tax rate (Be near of EU is not cheap ) . And at the same time dont have tax treaty with other countries like Cyprus who have a tax treaty with USA
what do you think of Serbia?
Flag looks like Romanian
Looks like the flag of Chad.
Bunch of cons - your website claims you will only work with people of a net worth $1 million how stupid is that? You should work with everyone and charge a standard service fee every situation is different you greedy people
Nope sorry
how can he verify your net worth ?
With that mentality just stay where you are 😂 socialism will take care of you
My guy why did you label this place a principality?
I think Montenegro tax is 9%
Andorra is the worst country, it is not advisable to go to a place where its rulers are waiting to rob you
Gentlemen foreign investors, before going to a country, first do your research very well so that you are not going to be another new victim here in Andorra.
Yes very beautiful andorra and everything you want to say but how do you explain all the theft and damage they have done to Mexican businessmen who have more than 9 years waiting for a dignified justice and still in that country they have not even deigned to unfreeze their bank accounts.
This man is talking pure nonsense, gentlemen, everyone knows that Andorra is of no use.
Andorra is one of the worst countries in Latin America, it's really not worth taking your money there, it's better to take it to Dubai, Norway, Sweden, but Andorra, I'd rather lose my money in other countries than in that crappy country.
These unfortunates want to paint Andorra as if it were the best country in the world when it is the opposite
Who would like to live in a persecuted country that is a tax haven? Businessmen cannot carry their money as such because they begin to persecute them to see where the money comes from. If you are rich from birth, they may persecute you until they take everything from you. worst country in Europe to live to invest do not travel to andorra
I will never travel to Europe again, not even because they pay me, Andorra is the worst thing in the world, don't pay attention to this guy, don't spend your money or keep your money in Andorra, the worst country in Europe
You can see from above that they have a tight grip on Mexican businessmen. How is it possible that so many businessmen in the world, and it is always Mexican businessmen who get scammed anywhere in the world, should review themselves and not get carried away by the reputation of one or twopeople, Mexican businessmen have as many rights as any other to invest in a country without the need to make illicit investments, they really should review this, justice must be done for Mexican businessmen.
Andorra is another country that cannot be visited. It may be very beautiful and everything, but its government is very corrupt.
Why the heck would you live there? It sounds like East Berlin!
and who returns the money to the Mexican businessman, all the millions of dollars that were stolen from him were more than 60 million dollars that they stole and who returns that money to them, really, you cannot live in Europe, it is better to travel to another country than to live here in Europe