The Principality of Andorra is an ideal destination for investors eager for new opportunities. It offers a variety of economic, financial and tax benefits, as well as a quality of life considered one of the best in the world.
Firstly, Andorra has a very competitive tax framework. Personal income tax (IRPF) does not exceed 10%, making it an attractive destination for investors. In addition, the Principality has a beneficial non-double taxation agreement, which prevents residents from paying taxes twice for the same concept to two different countries. The General Indirect Tax (IGI) in the country is 4.5%, while the Value Added Tax (VAT) is 4.5%.
In addition, the Gross Domestic Product (GDP) per capita of Andorra is 35,995 euros, which places it above the average of the European Union. The unemployment rate is 1.7%, one of the lowest in Europe. This means that there are a wealth of employment opportunities for investors.
As for construction, the construction sector has experienced a great progression in recent years. The demand for real estate for tourist rental, seasonal rental and first residence has increased significantly. This has allowed investors to obtain a significant return on their investments.
In addition, the Principality of Andorra offers a variety of benefits for investors. These include legal certainty, modern infrastructure, good connectivity, a good quality of life and a first-class education system. These benefits make Andorra an ideal destination for investors.
In conclusion, Andorra is an ideal destination for investors eager for new opportunities. It offers a variety of economic, financial and tax benefits, as well as a quality of life considered one of the best in the world. The construction sector has experienced a great progression in recent years, which has allowed investors to obtain a significant return on their investments. In addition, the Principality of Andorra offers a variety of benefits for investors. These benefits make Andorra the most valued destination in Southern Europe.
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