What risk do I run if I have my savings without any legal structure in Andorra? [Reddit]
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Answer
In Andorra, keeping savings without a legal structure can lead to problems with the departament de tributs, as you couldn't justify the origin of funds or benefit from the country's tax advantages. Without a company or passive residency, your savings would be taxed as non-resident income, at high rates. Additionally, you could face bank blocks due to lack of transparency. Filnet, as a local advisor who speaks Spanish, designs a legal structure in Andorra for you 100% online, with a fixed price and ongoing support. Protect your assets and comply with Andorran regulations.
Back to the question finder🇦🇩 Incorporate a company in Andorra
Minimum capital
€3,000
Timeline
2-6 semanas
Corporation tax
IS 10%
Legal form
SL / SLU
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