Traders and personal wealth management in Andorra

Project description

Andorra for traders and personal wealth management

Do you trade with equity, commodities, forex or even cryptocurrencies on your own 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.

Solutions

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.

Advantages of Andorra for traders and your personal wealth management

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    Fast fiber optics internet connection with 100% coverage

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    Electricity costs among the lowest in Europe

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    5-10% income tax on qualified income / investment returns

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    Qualified capital gains from publicly traded companies are tax-exempted

  • Spend a minimum of 183 days per year in Andorra
  • Have your spouse and underage children living with you in Andorra
  • Have your economic interests in Andorra
  • Maintain a salary sufficiently high to cover your living expenses
  • Have clean criminal / police records from your country of birth / current residence
  • Pass compliance process with local banks (provide tax declarations, origin of funds etc.)
  • Justify your residency through either investment or company creation
  • Spend a minimum of 90 days per year in Andorra
  • Leave a non-interest-bearing deposit / bond of 50.000 EUR with the Andorran government
  • Make an investment of 350.000 EUR (plus the 50.000 EUR deposit) into Andorran assets
  • Show proof of sufficient funds to cover your / your family’s living expenses
  • Be sufficiently insured depending in terms of health, accident coverage
  • Have clean criminal / police records from your country of birth / current residence
  • Present a business plan and forecast of estimated turnover
  • Provide criminal / police records from the country of birth / current residence for all shareholders with over 10% participation
  • 3000 EUR in capital for an SL / 60.000 EUR for an SA
  • Pass compliance process with local banks (provide tax declarations, origin of funds etc.)
  • Minimum two visits during the incorporation process (notary, bank introduction)
  • Have sufficient substance, explained here: https://www.youtube.com/watch?v=4iS5sQNFSsA
  • Spend a minimum of 183 days per year in Andorra
  • Participate with a minimum of 21% of the shares in the company
  • Be actively part of the board / management of the company
  • Leave a deposit of 15.000 EUR with the Andorran government
  • Pay social security contributions of a minimum of 450 EUR per month
  • Maintain a salary sufficiently high to cover your living expenses
  • Have clean criminal / police records from your country of birth / current residence

Would you like to get in touch with us?

Other solutions

International business company in Andorra

Do you operate a company that is doing business internationally? Andorra may be suitable for your company’s operational base if you provide services over distance or trade goods as intermediary.

IT freelancers and YouTubers living in Andorra

Do you work as IT freelancer or YouTuber ? Do you work remotely for your clients ? Consider invoicing your clients or receiving your ad revenues living in Andorra.

High Net Worth Individuals with residence in Andorra

Would you like to protect your assets while at the same time living in a country that provides you with optimal taxation and living standards?