Andorra tax optimization: Choose Engage
Are you an entrepreneur, investor or retiree?
You wish to optimize your tax situation in Andorrain complete security and with the support of a firm specializing in tax and wealth management issues?
Engage is your partner in making your tax expatriation a success. If you wish to secure, pass on or simply benefit from your assets with the support of Engage, click on this link to book a strategic meeting with an advisor from our team.
Why is Andorra so attractive to French taxpayers?
Andorra's attractive tax system has three particular strengths:
1. Income tax :
While the default tax rate is 10%, Andorran law provides for a number of exemptions, notably for income corresponding to dividends paid by an Andorran company to its Andorran tax resident partner.
Interesting for shareholders of companies with sufficient equity to pay dividends.
2. Concerning wealth tax
It should be noted that Andorra has no wealth tax like France's IFI (or ISF, abolished in 2018) or inheritance and gift tax.
Interesting for setting up wealth transfer strategies within a highly favorable tax framework.
3. Corporate income tax :
The tax rate is 10%.
Nevertheless, there are special, favorable tax regimes, such as the one applicable to holding companies whose activity is limited to holding shares in a company, which exempts income corresponding to dividends paid by a subsidiary company, or income deriving from capital gains realized on the sale of shares.
Interesting for investors who anticipate significant sources of income from dividend distributions or capital gains from the sale of their movable assets.
4. A network of tax treaties
Andorra has signed double taxation agreements with a number of countries, including France, Spain, Luxembourg and Belgium, to secure a change of tax residence and benefit from favorable provisions allowing certain income to be exempt from double taxation and to benefit from the Andorran tax system.
By way of example: the Franco-Andorran tax treaty provides for highly advantageous conditions, notably concerning the distribution of dividends to an Andorran parent company with a withholding tax of 5% in France.
Interesting for people wishing to find a destination for expatriation, with the guarantee of securetax optimization validated by the local authorities in their country of origin.
Note: Andorra is a legally very stable territory, so you can plan strategically for the long term.
Engage can help you with your tax strategy in Andorra.
5. Other essential points that go beyond the strictly tax-related :
Andorra is a destination that makes it easy for expatriates to integrate, since your expatriation must be real and unquestionableto benefit from Andorra's advantages.
What 's more, it's a destination that doesn't imply cultural and geographic disenfranchisement , thanks to its proximity to France.
Andorra is indeed a country where the French-speaking world shines , with a strong French community (and where the French language is spoken by everyone).
Not to mention its privileged climate, natural setting, safe environment and wealth of activities in the heart of the Pyrenees (just 4h30 by car from Bordeaux and 2h30 from Toulouse and Barcelona).
Helping you optimize your tax situation in Andorra
Would you like to stop the tax erosion of your assets?
Benefit from a reduced tax rate of at least 20% and no longer be subject to wealth tax?
Based in Andorra la Vella, Engage will support you in your expatriation process, with the aim of reorganizing and optimizing your tax life in Andorra through concrete, rapid and secure solutions that protect your assets.
Our recognized expertise in Andorran and international taxation, backed up by our network of tax correspondents in numerous jurisdictions including France, enables us to effectively advise entrepreneurs, families, retirees and investors in their plans to expatriate to Andorra for tax purposes.
We can manage all the tax issues linked to your departure (exit tax...) and those linked to your arrival (immigration, real estate, setting up a company...).
We support our customers at every stage of their move to Andorra, providing clarity, reliability and peace of mind in an often complex administrative environment.
With Engage, your assets are secured in 3 to 16 weeks, depending on your situation.
Expatriation is a multi-faceted project, but we make it simple, fast and secure, thanks to our knowledge of Andorran mechanisms, our legal and tax expertise, and our availability and responsiveness.
As part of our support package, you'll have access to a dedicated contact person, available on his or her mobile at all times, for total responsiveness.
We can meet all your tax, legal and other requirements to make your expatriation a success.
Common mistakes to avoid
The 1st mistake to avoid:
The main one is to optimize your tax residence in Andorra.
To benefit from all the tax advantages Andorra has to offer, you must become a taxpayer in Andorra (and cease to be one in your country of origin).
The 2nd mistake to avoid:
Do not organize your departure from your country of origin without the advice of a local tax expert who is competent in international tax law and experienced in dealing with Andorra.
Engage can put you in touch with a tax specialist who meets these criteria.
The 3rd mistake to avoid:
Get advice from a firm based in Andorra on your tax issues, which are linked to your country of origin.
Far too many professionals in Andorra claim to be experts in international taxation, whereas quality service requires a team of specialists in each of the jurisdictions concerned (experts in France and Andorra, for example).
Engage has a network of specialists in numerous jurisdictions (France, Spain, Belgium, Luxembourg...) with whom we collaborate to provide you with the best possible advice if you wish to optimize your income and assets through expatriation to Andorra.
The 4th mistake to avoid:
Don't organize your assets in a corporate structure (Société Limitée SL or Société Anonyme SA).
Andorran tax rules allow you to optimize your assets if they are contributed to an Andorran company.
This will enable you to benefit from the favorable tax regimes provided for in Andorran domestic law and in double-taxation agreements, including the one with France.
Why choose Engage?
We take care of our customers:
Your first steps with us are always free of charge, and there's no charge for our advice until a quotation has been accepted and signed.
Before launching your project, we take the time to analyze your needs, understand your constraints and identify the mandates required to achieve your objectives in terms of tax optimization and asset protection.
Our initial discussions by telephone, videoconference or in person at our office are completely free of charge and without obligation.
Over 25 years' experience intax optimization
Engage has more than 25 years' experience serving high-net-worth clients in their quest for optimization.
Our optimization solutions are tried and tested our experience of Andorra's legal and regulatory framework and our multi-jurisdictional expertise mean you benefit from solutions that are both legally and fiscally secure.
Engage will support you throughout the process of setting up in Andorra, so that you can take advantage of all the tax opportunities arising from your residency in Andorra.
Our intervention for a reasonable and transparent cost
Our fees are fixed, reasonable and transparent: they are always the subject of a detailed estimate submitted for your approval, giving you an unambiguous view of the cost of our intervention before your project begins.
Personalized, comprehensive service
Your move to Andorra is a project for life.
Engage will support you every step of the way (personal, family, economic and financial) to make your project a success.
Short lead times and availability
Our experience enables us to process your residency application within 3 to 8 weeks. Company incorporation applications, on the other hand, take between 8 and 16 weeks.
Engage is your day-to-day partner throughout this project .
https://www.engage.ad/blog/creation-societe-andorresociétéVous gives you access to the direct mobile number of your contact person, so you can get quick answers to your questions and queries.
Serious and rigorous
Engage complies strictly with the ethical obligations imposed by the Collège Officiel des Économistes d'Andorre.
We are up to date with all our due diligence obligations to offer you a safe and approved framework.
Network of trusted French-speaking partners :
Engage relies on a network of French-speaking professionals (lawyers, notaries, banks, chartered accountants, real estate agents, insurance brokers, concierge services, etc.) to cover your needs with the best of each expertise (personal, family, professional and wealth management).
Engage can help you optimize your strategy in Andorra.
Contact ENGAGE for a confidential diagnosis.
Click here to book a strategic meeting with a Franco-Andorran tax consultant.