What happens to my taxes if I set up a company in Andorra while living in Spain? [Reddit]

Answer

You will continue to pay taxes in Spain as a resident according to international regulations, but a company abroad can offer more favourable taxation for managing your investments if it is structured correctly. Everything must be declared transparently and in compliance with the forms and deadlines established by law for residents. The real advantage lies in how your assets are organised, not in hiding anything from the authorities. This is a subject with nuances that should be analysed with an expert who knows both jurisdictions before making decisions. Filnet, with local Spanish-speaking advisors who are experts in asset structures, assesses your specific case and helps you organise this legal and stable structure within the law. It manages the accounting and taxation each year without surprises, so that your assets remain protected and under control and you don't have to deal with the details. Doing it in Andorra has a setup cost from , a timeframe of 2-6 weeks and a corporate tax of IS 10%.