Andorra for traders and personal wealth management
Do you trade with equity, commodities, forex or even cryptocurrencies for your personal account ? Whatever you are trading you will be bound to your screen and may work from home or from multiple locations as you have the flexibility to work from anywhere. If you are more tied to the opening of the markets than a physical location why not consider Andorra for your base of operations and as a choice of lifestyle.
Andorra has much to offer despite being not exactly easily accessible. However this is relative if you don't mind driving. The country is quiet, and the hustle and bustle is more than 2 hours away in cities such as Toulouse and Barcelona.
There is advantages for lifestyle, taxation but also for practical reasons. The country has some of the fastest internet in the world helping the infrastructure for your trading activity. Running IT structures with electricity consumption is possible with important cost-savings given the price of local electricity.
There is no typical profile for traders and personal wealth managers. We tailor to each scenario with customized residency programs for our clients. You may consider the set up of a wealth management company to manage your own funds and act as director on behalf of the company. However it may not be the best scenario depending on your personal circumstances and preferences.
Our tax consultants in Andorra will analyze your personal situation and the activity that your trading or investment decisions require. Be aware that trading or managing capital that is not your own capital but of your clients is very strictly regulated in Andorra. This activity requires a trading license and the explicit authorization of the Andorran Financial Regulator. So if you are a professional trader that is managing third party assets we strongly recommend to contact us for an initial compliance check.
Taxation in Andorra on capital gains from publicly traded stock is benefiting from special exemptions: We may analyze for you which investments are subject to which taxes and whether your investment return in whatever form it may come is benefiting.
Finally consider banking in Andorra and the associated compliance as an important step when setting up in the Principality. Anti-money laundry policies are very strict and the maximum transparency is required for your project. Alternative banking solutions once you are set up in Andorra are available if you prefer specialized trading accounts for your activity in other jurisdictions.
Are you a trader working from your home or travelling between different locations ? Do you manage your own wealth and invest into equity or commodities ?January 9, 2018 Active or passive resident profile Passive or active residency 20 Appreciate