Frequently asked questions
Andorra
General
Barcelona airport is 200 km away and it is very well connected. You can use Toulouse airport as well, however, it is not so well connected as Barcelona.
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.
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.
There are numerous hotels in Andorra. During the winter ski season they can be sold out. We can arrange accommodation for you. Please contact us.
– Relax. The biggest SPA center in Europe is within easy reach, Andorra La Vella downtown. www.caldea.com
– 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.
– 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.
You have one state clinic (www.saas.ad) and a great number of private medical facilities. Almost all medical services, including dental, are covered by insurance. Insurance companies are covering expenses in many clinics in Barcelona as well.
There are French, Spanish and Andorran schools. There is also one University.
Andorra is an oasis with almost no crime. Unique position of the country allows for strict border control with almost no possibility of entering the country illegally.
Residence
This depends on the kind of residency you are applying for. You can get active residence even within a week upon receiving the approval from Govern D Andorra for formation of your company. For passive residence you will need at least three months after providing all required documents to immigration authority.
ACTIVE RESIDENCE
To have at least 11% ownership in an Andorran company.
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)
You need to come only once to be registered with the Immigration Authority and in order to pass a short medical examination. That may take 5 days.
Yes. We can arrange this for you.
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.
Yes, you can re-apply. Please contact us if you have this problem. We can help with that as well
Yes. We can do that for you. Contact us for an offer.
It is possible, however this depends on the kind of offense. We can help you to submit an application to Immigration Authority, but it is solely their decision whether they will approve it. There is no guarantee.
No. We can provide you with a temporary address for a monthly fee, until you receive a residence permit. As soon as you obtain residence permit you should rent an apartment.
Prices start from 400 EUR per month. We can search for one if you want us. Please see our charges and fees.
ACTIVE RESIDENTS
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.
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.
ACTIVE RESIDENTS
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).
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.
If you are coming from one of the following countries Spain, France, Belgium, Denmark, Germany, Greece, Portugal, Ireland, Luxembourg, Netherlands, Finland, Austria, Sweden, Estonia, Lithuania, Switzerland and UK you can simply exchange your driver’s license for the Andorran license (List of countries is constantly enlarged). Otherwise, you should pass a driving skills test within one year or failing that, you will have to pass a written exam in Catalan as well.
ACTIVE RESIDENTS
You are considered a tax resident.
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.
You should submit tax declaration prior to the 30th of September in the year following the calendar year in which you have become a tax resident. We can help you to do it properly. Please contact us.
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.
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
Certainly yes. There are certain procedures to be followed and expenses to be covered
It is not easy these days to open a bank account. The procedure can take one month or longer, thus we strongly advice to start the procedure as soon as you decide to acquire residence permit or to form a company. Since we maintain good relationship with the biggest Andorran bank we will help you to properly prepare required documentation.
Copy of passport , local ID copy and copy of utility bill.
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.
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.
It is possible but not simple and there are certain restrictions. Banks will not accept commercial operations of an offshore company in most cases, and you can use it solely for stock exchange investments. Contact us and we will check this for you.
Andorran banks are among top 30 liquid banks in the world and they will gladly give you a Lombard loan based on deposit or securities as a collateral. It is possible to get mortgage loan on real estate in Andorra but this depends on many factors such as turnover, credit history etc. After you open the account you can discuss the matter with your personal banker.
Andorra does not have a Central Bank so banks must be very cautious in their credit policy and because of that they are very liquid and solvent. Most of the banks are founded in mid 20th century and they have built quite good infrastructure worldwide (banks, insurance companies, asset management companies etc.).
As anywhere else in the world AML laws and regulations are constantly changing.
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.
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.
Andorra is a white listed OECD country and has committed to an Automatic Exchange of Information together with more than 90 jurisdictions (you can more info on OECD website). First exchange of information with members of OECD will begin from the 1st of January 2017. In order to exchange information with other countries it is necessary to sign bilateral conventions, which has not been planned to this date. Automatic exchange is done based on tax residence, so in case that you are a tax resident of Andorra, the information about your accounts will remain in Andorra.
More info on Andorra Bankers Association website.
The Convention is the most comprehensive multilateral instrument available for all forms of tax co-operation in order to tackle tax evasion and avoidance. The countries will begin to implement this Convention from September 2017 and 2018. The Convention is signed by Andorra and almost 100 other countries including big financial centers such as Switzerland.
Company
Yes. You should come at least once, when you will obtain the approval from Govern D Andorra to form a company or you can come any time and leave a limited power of attorney, so that we can carry out all procedures in your absence.
Together with all fixed Government taxes, accounting and rental fees, secretarial services costs are starting from 700 EUR/month.
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.
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.
No, if he/she plans to work in Andorra. You can always make a consulting contract.
10% of the total number of employees in the previous year.
No. Such services are not regulated by law in Andorra. However, if you need to hire any professional, we can help you to find one. Please contact us.
Yes. We maintain good relationship with the biggest Andorran bank. Account opening is subject to bank approval.
Serbia
General
Belgrade international airport “Nikola Tesla” is 20 km away from downtown Belgrade.
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.
There are plenty of hotels in Belgrade. We can arrange accommodation for you. Please contact us.
– There are many medieval fortresses and orthodox christian monasteries you can visit in Serbia.
– Tasty domestic food and night life. Capital city Belgrade is internationally known for night life. www.beogradnocu.com
You have system of state health care institutions and huge number of private medical practice. Almost all medical services for Serbian citizens and residents with work permit, including dental, are covered by government medical insurance.
There are numerous primary and secondary international schools in Belgrade. There are state and private Universities with programs in English for foreign students.
In the recent years the level of crime has decreased. Serbia is one of the rare countries in Europe not subject to terror attacks in the resent years.
Company
No. You can finish the company formation procedure by issuing a notarized special power of attorney (with or without the apostille depending on the country) so we can carry out all procedures without your presence.
Together with all fixed Government taxes, accounting and rental fees, secretarial services costs are starting from 300 EUR/month.
This can vary depending from location of office, volume of activity of company etc.
No, in case if he plans to work in Serbia. You can always make a consulting contract.
No restriction.
Yes. Nominee and fiduciary services are arranged with local attorneys at law who will act as nominee and be custodian of the agreement which will protect the rights of the true owners.
Yes. We maintain good relationship with biggest Serbian banks. Account opening is subject to bank approval.
Residence
14 days, but the applicant must be present for the first three days to register an address, to apply for residency and to have an interview. After that he/she must come for one more day to get the residency visa.
Form a company in Serbia and subsequently get a work permit.
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 need to come only once a year for 3-4 days to apply for or renew the temporary residence.
Yes. We can arrange this for you.
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.
It is possible to re-apply. Please contact us if you have this kind of issue. We can help.
Yes. We can do this for you, but after 10 years of continuous temporary residence renewal.
It is possible, however Serbia is an Interpol member and has extradition agreements with all European states.
No. We can provide you with temporary address for a monthly fee, until you get residence permit, then you can choose to rent an house/flat/apartment or to use our address for residency purpose for yearly fee.
Prices start from 200 EUR per month. We can search for one if you want. Please see our charges and fees.
Yes, medical insurance is necessary. Foreign medical insurance is acceptable in Serbia. Pension insurance is not necessary.
Yes, medical insurance is necessary. Foreign medical insurance is acceptable in Serbia
If you are coming from EU and European countries your international driving license (known as “green card”) is recognized. In other case, you should pass practical driving exam and you will have to pass theory exam in Serbian as well.
You are considered tax resident. Serbian Tax Administration issues certificates of tax residency in regards to Agreements on Double Taxation Avoidance with respective countries. Serbia has concluded the mentioned agreements with almost all European countries.
If you prefer to be tax resident elsewhere just bring tax residency confirmation from another country.
To submit tax declaration up to 31th of March in the year following calendar year in which you have been tax resident. We can help you to do it properly. Please contact us.