Tax Havens Welcomes New Business For 2012

Andorra la Vella

The tax haven of Andorra has just started to welcome new and establshed businesses to establish themselves in the Principality.

Up to now anyone wanting to start a business or relocate their exisiting one to the Principality had to have an Andorra partner - and for many entrepreneurs the thought of not being able to go it alone was understandably off-putting, especially when the new partner was become part of the company not through merit but because the law stated you had to have one.

It's all part of the country trying to attract inward investment.

The economy is tourism driven - by ski holidaymakers - and in the last three years the number of people taking winter holidays has fallen, and subsequently the Andorra economy has been hit.

Other changes are in the pipeline, including the qualifications for residency. Up to now it was pretty much a case of renting or buying an Andorra property and the government is currently looking at changing this.

More details are available at this Andorra blog

Are Tax Havens Just For The Wealthiest 1%?

There's been a lot in the news this year about how much wealth the top 1% in society own, and with the economy doing well there have been calls for them to be taxed more.

But often they aren't taxed at all, they have accountants who advise and many live in tax havens such as Monaco and Andorra.

But do you have to be classed as among the wealthiest to consider moving to a tax haven?

According to one Andorra blog, moderately wealthy people can and do move there, and take Andorra residency, and have no income to pay on their worldwide earnings.

It's Not Just The Mountain Air!

Andorra - In The Pyrennes Mountains

If you like statistics and surveys, the likelihood is that you would have seen ones that focus on longetivity - or in other words where in the world people live longest.

One of the countries that's always there, and often has been top, is the little European country of Andorra.

Geographically located between France and Spain, it's in the Pyrenees Mountains, and the reason given for Andorra's population outliving most of the rest of the world is the clean mountain air.

But another survey - which again puts Andorra in the top ten places to live if you want a long life - suggests there could be another reason - taxes, or the lack of them.

No fewer than three out of the top ten locations in the top ten are tax havens, the other two being Monaco and Guernsey.

And out of the three Andorra property is the lowest priced.

To read more about the survey click through to this Andorra blog

Andorra - Where The Taxes Are Low - And So Is The Availability

If you're considering moving to a tax haven, Andorra has a lot going for it.

It has the same tax benefits as better known Monaco, but the properties (you need to have a property to gain Andorra residency) is around a quarter of the price.

The government issues so many residency places at a time, last time it was 500, and when they run out there's a wait for up to a year bfore a new batch is issued.

There's less than 200 left before Parliament needs to grant some more, so for anyone who wants to consider Andorra for tax purposes, the message is - don't leave it too late!

For more information click through to this Andorra blog