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Andorra: The Tiny Underrated Tax Haven

Best Countries to Pay Less Taxes ▶    • How to Avoid Millions in Taxes (Legally)   💰 Book a Call and Become Our Client ▶ https://wealthyexpatclient.com/call Summary of this video: 🏞️ Andorra's Appeal as a Tax Haven - Andorra's scenic beauty and advantageous tax system. - 10% tax rate on income, previously zero, appealing for investors seeking tax optimization. - Passive residency option requires 90 days per year stay and investment in real estate. 🏔️ Advantages of Living in Andorra - Low VAT of 4.5%, providing significant savings compared to EU countries. - Access to quality educationand multilingual environment. - Friendly atmosphere for English speakers and opportunities to learn Spanish. 🕵️‍♂️ Surveillance and Government Intrusion - Extensive surveillance with cameras throughout the country, reminiscent of Singapore. - Government intrusion, including compulsory education and vaccination requirements. - Residency status dependent on neighbors' reports, potentially leading to cancellation. 🛑 Challenges and Legal Workarounds - Difficulty in meeting residency requirements, especially for those with children. - Legal loopholes such as keeping children in school to reduce required residency time. - Stringent citizenship requirements, including renunciation of other citizenships. 🍽️ Operational Challenges and Overall Impressions - Operational challenges, such as limited operating hours for businesses. - Overall impression: Enchantment with nature and people, but concerns about government control and limited activities. - Rating Andorra 8 out of 10, considering its attractions and drawbacks. DISCLAIMER: This video is not tax and/or financial and/or investment advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.