Don't forget Andorra!
Published at: 04/03/2019 11:30 am
Andorra is a beautiful ministate, situated in the most strategic lands between France and Spain. It's unique low-tax, and commercial opportunities are more than remarkable for investors, who want a special European residence permit.
Andorra's low-tax system allows legal entities to pay only ten per cent corporate tax. The individual income tax is also just ten per cent, and there is no wealth, inheritance and dividends tax. The 10% income tax applies only for incomes above the annual 40,000 euros limit, and Andorran investment income is tax exempt. Moreover, the VAT tax rate is generally 4.5%. Holding companies registered in Andorra that invest outside of Andorra only pay a 2% tax rate on profits.
The Principality of Andorra is not a Member State of the European Union but has the "most favoured nations" status in the EU Customs Union. The principality opted to stay outside of the Schengen zone. However, the ministate is located inside the European Union. Another essential advantage of Andorra is that you can maintain your resident status if you spend not less than 90 days there. If you decide to settle and reside there physically, later you can become a citizen.