Frequently asked questions
Andorra
General
From Barcelona airport you can reach Andorra by:
– Bus. There are two companies providing this service. One way ticket costs 33 EUR.
www.andorrabybus.com and www.andorradirectbus.es
– Private transport by taxi. We can organize this for you. Please contact us. Price for both ways is 500 EUR.
– Rent-a-car on airport. Be aware that rent-a-car agencies are not working 24/7. Prices can vary and the total cost for 3-4 days, with full insurance and parking costs in Andorra, may be higher than the cost of private transportation.
– Enjoy some shopping. Low prices of tobacco, alcohol, perfumes and designer clothes. Check the reason why eight million tourists per year are coming to Andorra.
– Ski. www.skiandorra.ad. 600 km of ski slopes.
Residence
To have at least 11% ownership in an Andorran company.
PASSIVE RESIDENCE
To invest in Andorra at least 400.000 EUR :
– 350.000 EUR – open certificate of deposit or investment in other bank instrument of an Andorran bank, real estate purchase or investment in own company.
– 50.000 EUR – loan to Govern D Andorra (payment to INAF)
ACTIVE RESIDENTS
You can bring minor children and parents who are at least 65 years old or retired.
For active residents, family reunion is possible only after being a resident for one year.
PASSIVE RESIDENTS
You can apply together with your family for a residence permit. Total amount of investment is the same – 400.000 EUR, however, it is structured in a different way. Example: for husband, wife and two children:,
– 50.000 EUR loan to INAF for husband
– 10.000 EUR loan to INAF for wife
– 10.000 EUR loan to INAF for first child
– 10.000 EUR loan to INAF for second child
– 320.000 EUR – Investment in Andorra. Local bank deposit or other bank instrument, real estate or investment into own company.
It is not possible to bring your parents to Andorra.
You are paying yourself a salary and social security contributions, which are equivalent to 20% of your salary. Minimum salary is around 1000 EUR per month.
PASSIVE RESIDENTS
You should pay medical and pension insurance to an insurance company in Andorra. Prices start from 50 EUR per month depending on the applicant’s age and gender. You are required to sign a contract with insurance company before applying for residence permit. We will arrange that for you.
For parents you should have an additional insurance with an Andorran insurance company. Prices start from 50 EUR/per month/per person. We will arrange this for you.
For partner and minor children you will pay additional contributions to CASS (Government Social Security).
PASSIVE RESIDENTS
You will have to pay medical and pension insurance to an insurance company in Andorra for your family members. Prices start from 50 EUR per month depending on the applicant’s age and gender.
You are considered a tax resident.
PASSIVE RESIDENTS
Depends on how much time you spend in Andorra. It is possible to get a confirmation from Tax Authority that you are a tax resident. If you prefer to be a tax resident elsewhere just bring tax residency confirmation from the country in question.
Remember Andorra has the unilateral double taxation avoidance policy, which means that if you paid taxes in another country you should just declare that in Andorra.
Banking
Duly signed bank forms – KYC, W8 and other account opening documents.
Source/origin of funds documentation: personal tax declarations for the last 5 years, last 3 years balance sheets of companies owned abroad, sales contracts of property or own company stakes, inheritance documents etc.
It is not necessary to translate documentation. You are not required to come in person to the bank. however after the account opening you should meet your banker.
At your entering Andorra you should report to customs office if you have more than 10.000 EUR in cash.
Banks do not accept more than 100.000 EUR in cash, and you can not get more than 250.000 EUR in cash from your account. Rules are changing very fast so you should check with your bank.
More info on Andorra Bankers Association website.
Company
In case you want to get the special 2% profit tax rate, expenses are doubled as you will have to engage one half-time employee.
The amount can vary depending on office location , volume of company activity, etc.
Serbia
General
From Belgrade airport you can get to Belgrade by:
– Private transport by taxi. We can organize this for you. Please contact us.
– Rent-a-car on airport. Be aware that rent-a-car is not working 24/7.
– Tasty domestic food and night life. Capital city Belgrade is internationally known for night life. www.beogradnocu.com
Company
This can vary depending from location of office, volume of activity of company etc.
Residence
Work for the Serbian or foreign company/NGO/church/sport club engaged in Serbia.
Owe a real estate in Serbia.
Became a student in Serbia.
Family gathering, when one spouse has residency permit, other can join, also the case for minor children.
Marry a Serbian citizen or have an extra marital relation with Serbian citizen.
You can bring minor children as family gathering and/or for school reasons. For your parents the best solution is to by the real state as legal ground for residence.
If you prefer to be tax resident elsewhere just bring tax residency confirmation from another country.