Better tax: choose Andorra for its tax optimization

The Principality of Andorra: a cooperating country with low taxation

Despite popular belief, Andorra is not a tax haven but a cooperating country with low taxation.

In 2015, France and Andorra signed a double taxation agreement.

Andorra also respects the exchange of information on tax data of non-residents as well as the declaration of beneficial owners: Andorra and its economic agents are in compliance with all international directives.

The country therefore offers multiple possibilities to relieve companies of crushing taxation and allow them to optimize their results thanks to the significant reduction of their contributions.

Mieuxfiscal thus seeks legal and viable solutions to maximize business results: increase in margins, creation of provisions, etc. In other words, allow businesses to have the financial means to develop and grow.

Fiscally, the advantages are undeniable.

In the Principality of Andorra, the taxation of a company materializes in the form of three lines.

Among the latter, we find the tax on profits up to 10% only, against 25 to 28% for France for example.

Another very structuring specificity of Andorra: dividends are not taxable, whereas they are taxed at 30% on the other side of the border.

In Andorra, it is considered that a taxed company does not have to be taxed twice.

Once the tax has been deducted to the tune of 10% of the profits, the latter become dividends which are non-taxable.

In France, profits and dividends are respectively taxed and then retaxed by income tax.

Even beyond the significant shortfall, accounting in Andorra is greatly simplified and streamlined.

Thus, Mieuxfiscal operates according to the legislation in force, without fraud or tax evasion and offers its clients long-lasting acts for the management of their business.

Better tax: choose Andorra for its tax optimization.

bettertax

Create your business in Andorra

To benefit from these advantages, it is obviously necessary to go through the creation of a company in the Principality of Andorra.

Certain prohibitive conditions are required, such as the presentation of a clean criminal record, for the installation of all or part of its activities in Andorra: it is essential to have premises where the company will exercise its economic activity.

With already more than 300 business creations, Mieuxfiscal is an expert in the subject and defines with its clients the most appropriate functional architecture according to their specificities.

It is important to note that to benefit from this advantageous taxation at 10% of the profits of the company, only the legal entity counts, the company is resident.

The natural person in his capacity as a shareholder has three possible legal statuses, that of active or passive resident or that of non-resident.

In fact, it is therefore not necessary for the entrepreneur to move to the Principality of Andorra.

For any company created in Andorra, international law applies: the company can therefore act internationally and benefit from the status of holding company, which allows it to develop various economic activities.

The benefits are multiplied: increase in profits, gain in competitiveness, conquest of new markets, solid cash flow but also protection of sensitive commercial and accounting data.

Despite French reluctance to tax expatriation, blocked by tax syndrome, more and more entrepreneurs are coming to create their company in the Principality of Andorra or to request the tax expertise of Mieuxfiscal.

Become an Andorran resident

For some, setting up a business in Andorra is only the first step in the process.

Better tax also supports individuals in their expatriation and in moving their tax home in the event of a change of current residence in favor of an active residence in Andorra.

In addition to the tax advantages, the Principality offers selection criteria for those who wish to move there: ski slopes, mild Mediterranean-type weather but also a very high level of security.

The inhabitants speak an average of three languages ​​including Catalan, French and Spanish: something that greatly facilitates the process and the registration of children in school.

The French school in Andorra also depends on the University of Montpellier, which allows children to benefit from appropriate and optimal school continuity.

Mieuxfiscal puts its expertise and know-how at the service of these new residents by supporting them in their fiscal and physical expatriation.