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Best place to live. 21 “PROS” for Andorra

Best place to live. 21 “PROS” for high living standards in Andorra:

Direct taxes 10% — minimum in Europe. VAT remains at the level of 4.5%.

In accordance to International living index, Andorra takes the 12th position in the world for its living standards. The GDP per capita index is higher than in the USA, Japan, Germany, France and Spain. It takes the 5th position in the world, outscored only by Monaco, Lichtenstein, Luxembourg and San‑Marino. The banks of Andorra are included in the top‑20 of the most reliable banks in the world. The clients have an opportunity to open digital accounts. VIP banking is presented for the sums, starting from 3 mln euro. The tax burden on businesses in Andorra is one of the lowest in Europe. Companies’ profits are taxed at 10% with an opportunity to reduce to 2% (if the relevant requirements are met). Andorra is listed among the 25 best countries in the world for business, according to the International Living Index. The opportunity of legalizing a family and obtaining active residence with labor permit on the “ turnkey” basis, investing no more than 15 000 euro. There is a guarantee of getting a residence permit in Andorra with the full package of documents in contrast with similar applications for a residence permit in other countries of Europe, USA and Canada.

A place in the sun: Andorra. Why rich people do relocate to Andorra?

A place in the sun: Andorra

Andorra is the country with the highest life expectancy, according to the rating of the American Institute for Health Research and Assessment.

Andorra is the best medicine in the world. According to the HAQ index of the leading medical journal The Lancet, Andorra has the “best healthcare system in the world”, the second — is Iceland, the third — is Switzerland.

Andorra is one of the safest countries in the world. According to the World Bank’s report, Andorra ranks fifth in the world in terms of “political stability” and “no criminal situation” (index 1.32). For example, neighboring Spain is on the 31st place (index 0.01).

Andorra, being a place ion the sun, is STILL has the best private banking system. Despite the accession of Andorra to the Treaty on the automatic exchange of tax information, the service of opening a “numbered” bank account is maintained in the Principality.

5. Andorra is in the TOP 5 richest countries. Andorra’s GDP is lower only in Monaco, Liechtenstein, San Marino, Luxembourg. Standard of living: according to the International Living Index, Andorra ranks 12th in the world in terms of level and quality of life.

Best places to retire. Retirement in Andorra

Best places to retire. Retirement in Andorra: 14 “PROS”

Andorra is an increasingly popular destination for tax residence purposes, especially in the case of people with “high added value”, such as ex‑directors of large companies right after their retirement.

Why is this so?

Andorra is an attractive destination to reside, both due to its proximity to Spain and France, as well as for its standard of living, its natural environment and security, and recently, for its fiscal framework.

Article 18 of the OECD Model CDI (the Double Taxation Avoidance), which corresponds to Article 17 of those subscribed by Andorra, as could be the case of France and Spain, grant exclusive taxation powers to the State of residence to tax retirement pensions. This implies that if a new resident in Andorra receives a pension from the Spanish Social Security, they will only be taxed according to the Personal Income Tax (IRPF) of Andorra, without withholding taxes.

Highest paying jobs: salary comparison in Andorra

Highest paying jobs: salary comparison in Andorra

Salary in Andorra. Indicators after taxation

The most highly paid employees in Andorra (highest paying jobs) are representatives of the financial sector — the average salary of such a specialist is 5,083 euros per month.

Second place is occupied by employees of industries (3,361 euros per month), third place is occupied by the employees in the sphere of production and distribution of energy (monthly salary is 2,948 euros), and fourth by administrative and social service employees (monthly salary is 2,364 euros).

The average salary of a medical worker is 2,158 euros per month, teachers — 2,047 euros per month.

The minimum wage in the principality in 2017 is 991 euros.

The salary of the head of the government of Andorra, Antoni Marti, is 5,942 euros per month (before taxation). Meanwhile, the previous prime minister had 6,603 euros per month (before taxation). This information is contained in the response to the official request of the Secretary‑General of the party “Liberals of Andorra” Ferran Costa.

The salary of the Cabinet of Ministers, which is more than 10 ministers, 7 state secretaries, about 30 directors of departments (55 political positions) — in total 246.000 euros per month (before taxation). Thus, the average salary of government officials is about 4,500 euros per month (before taxes). The average salary of ministers is 5,103 euros per month.

A painting named “Mata Mua” by Paul Gauguin is one of the gems of Baroness Thyssen’s collection today, it’s one of the most expensive paintings in the world

A painting named “Mata Mua” by Paul Gauguin is one of the gems of Baroness Thyssen’s collection today, it’s one of the most expensive paintings in the world, 400 mln US dollars, thinks Guillermo Cervera, Art director of the new Thyssen museum in Andorra. On 16th March a new museum of arts by Baroness Thyssen opens in Andorra, Escaldes. All‑Andorra.com is talking to the Art Director of the museum, Guillermo Cervera about the first exhibition’s content and his vision of the modern art market today

Travel websites: Andorra

The Principality of Andorra is a small country that could be attributed to the group of European diminutive states together with Liechtenstein, Monaco and San‑Marino. Alongside with that, Andorra is the biggest out of this group. The area of Andorra makes up 468 km2.

Annualy more than 8 mln tourists visit Andorra.

How to get to Andorra and save on the purchase of tour packages? What are the best andorran travel websites?

1. Visa. If you are not a citizen of US, UK and EU, you can get visa to Andorra issued in the consulates of Spain and France (Schengen) in your country.

2. Air tickets: The optimal way to reach Andorra — through Spanish border. The nearest international airport from Andorra — airport “Prat” in Barcelona. The cheapest air company that operates in Prat — is VUELING. In July 2015, the airport in La seu D’ Urgell was put in service (Spain, 10 km from the border with Andorra), which started accepting commercial flights.

3. Hotels: You can book any hotel in Andorra here through direct web links to all hotels without intermediaries.

4. Spain — Andorra. Closest to Andorra major cities in Spain — Barcelona and Lleida (Lleida), about 200 and 150 km, respectively.

Cheap ski vacations. 14 “PROS” for winter vacations in Andorra

Cheap ski vacations. 14 “PROS” for winter vacations in Andorra

Andorra cheap ski vacation

1. Ski resorts of Andorra have more than 320 km of slopes with a high level of training. In Andorra regularly sports (including the final steps) events at the highest level take place: World and European Championships in Alpine skiing, World Cup Alpine skiing, World Cup “Flying kilometer”, the Freeride World Tour (FWT), Total Fight Masters of Freestyle, and many others.

2. Ski resorts in Andorra is the maximum percentage of concentration of ski lift systems per sq. m in the world with a capacity of 160 thousand people per hour. Grandvalira and Vallnord are included in the TOP 20 best resorts in the world according the World Ski Awards.

3. Andorra is the sunniest ski resort of Europe. Winter vacation in Andorra — it is more than 300 sunny days a year. Deeply below zero the temperature drops at night, the daytime average temperature in December–March ranges from -5 to +5 degrees.

4. Ski vacations in Andorra gives you the daily opportunity to combine during a day skiing with an evening visit to the thermal baths of Caldea INUU (the largest in Sothern Europe).

5. Ski vacations in Andorra in cheap hotels. Andorra closes the list of TOP 10 cheapest hotels of European cities made by the world’s largest hotel search systems in 2016. Luxury ski vacations are also available in Andorra at the 5 stars hotels in El Tarter and Soldeu just right near the slopes.

Best wine. European wine: winery of Andorra

Celler Mas Berenguer is a small family winery located in Sant Julia de Loria. The history of this family goes back to the past. It is known that the production of wines of this family was suspended in the 18th century. However, in 2011 wine tradition was resumed since then the Andorran wine makers producing wine from high altitude vineyards Pinot noir, Chardonnay and Sauvignon blanc.

Casa Beal — winery of family Visa — Tor resumed its activity in 1988, after more than a century of interruption. After years of experiments and research, in 2004, were replanted with new vines. In 2006, the winery introduced its first wine of the 21st century. The grape variety Gewürztraminer is ideally suited for loamy soils Andorra, which are formed due to decomposition of the shale. One of the secrets of Casa Beal is in the approach to the cultivation of grapes — it clearly corresponds to the phases of the moon. Location also plays an important role — the vineyard is located at an altitude between 1050 and 1100 metres above sea level. Winery Casa Beal focused on the production of white wines.

How to get married in Europe? Marriage. Registration in Andorra

How to get married in Europe? Marriage. Registration in Andorra

Official registration of marriage in Andorra is possible only between citizens or residents of the principality or if at least one of the future spouses has the citizenship or residence of Andorra. In order to become husband and wife, you must apply to the Registre Civil (Civil Registry Office), and then, about a month after the application is submitted, you need to return to the office and pick up the official marriage certificate. As well as this, according to the law of marriage (Llei qualificada del matrimoni), within six months (after the expiry of this period the permit becomes invalid) it is necessary to go to the official registration in one of the seven administrations (Andorra la Vella, Escaldes- Engordany, Encamp, Sant Julia de Loria, Canillo, La Massana, Ordino) — in Andorra they are called Comús. Those who marry can choose any of the seven administrations.

Registration is conducted by the mayor of the parish in the administration building, after which a certificate confirming the registration of the marriage will be issued. The whole ceremony takes no more than 20 minutes. Marriage in Andorra is called matrimoni.

The documents necessary for marriage for Andorrans and foreigners are more or less the same: you need a passport, a certificate of birth, a certificate of civil status, a certificate of residency (for foreigners — a residence permit issued by the Immigration service of Andorra) — Autorització de residència del Servei d’Immigració.

Spain taxes

IPRF.Calculated in accordance to the 6-level progressive tax percentage rate from 21% to 52%. A greater part of it goes to the federal budget, a smaller part—to the autonomous budget. That is why the rate varies from one province to another. From 1999 a declaration can be filed only by the person that has got only one source of income, and less than 22 000 euro of income. The declaration should be filed no later than June, 20 of the year that follows the tax year. The amount of tax is determined by different factors: family membership, the amount of dependents, mortgage loan payments, educational expenses, etc.

From September 1, 2012 the rates of this tax in Spain make up 21%, 10%, 4% and 0%. 10%– major alimentary products, medicines, transport, the majority of hotel services and the building of new objects. 4% is for essential foodstuff (vegetables, bread, milk, and fruit). 21 % rate exists for the goods and services that do not come under any other tax rates. VAT is paid while doing shopping or getting services on the territory of Spain.

IDS. This tax in Spain is periodical, proportional, direct and personal. This tax is imposed on the incomes of corporations and other legal persons. This tax is imposed all over the country except Basque Provinces and Navarra. The rate makes up 25 % (preferential rates can be 20% and 15%), in Basque Provinces—28%, in Navarra—30%. All types of institutions, regardless of form and name have a status of legal persons, except civil society.

France taxes

IR tax is imposed on the comprehensive incomes, obtained by a natural person from the sources both in France and abroad. Tax payer fiscal item is a family (spouses and dependents under 18, unmarried children under 21 and children‑students under 25). Lonely people make a fiscal item themselves. Income tax is levied in accordance to 6-grade progressive scale. At that different coefficients are taken into consideration in calculations. Family size coefficient for unmarried citizens without children is 1, for spouses without children –2, for spouses with 1 child—2,5, with 2 children—3, for widows with under‑age children—3, for one divorced parent (not living in civil marriage) with 2 under‑age children—2,5 etc. The tax calculated in the following way: the total sum of income is divided by corresponding coefficient; then the tax is deducted in accordance to the rate, presupposed for certain type of incomes and then the obtained sum is multiplied by the same coefficient. Retired and disabled people as well as the categories of citizens that get meal allowances have the right for tax remissions. The rates: under 5900 euro per year—0%; from 5900 to 11900 euro—5,5%; from 11900 to 26400 euro—14%, from 26400 to 70800 –30%, from 70800 to 150000 euro—41$, over 150000—45%

TVA. It is one of the most important budget revenues of French taxation. From 2014 the basic rate makes up 20% (previously 19.6%); intermediate rate –10% (previously –7%) is valid in reference to restaurants, transport, repairs, technical servicing and firewoods. The reduced rate remains at the same level of 5.5% (alimentary, soft drinks, gas and electricity, equipment and services for disabled people, books; cinema, museum and concert ticketsas well as new energy saving technologies in building (used to be 7%). 2,1% rate is valid for medical prescriptions, TV and other media license. VAT tax is not imposed on education, medical services, exports within euro‑zone, waste recovery and recycling as well as sea fishing.

Financial planning. How to pay less taxes? Andorra: 2% profit tax, 4.5% VAT, 10% income tax

Financial planning. How to pay less taxes? Andorra: 2% profit tax, 4.5% VAT, 10% income tax

Principles of the Andorran tax haven and its advantages for private and corporative financial planning

The Principality of Andorra is a small country, which, along with Liechtenstein, Monaco and San Marino, are referred to as the “small states” of Europe. Andorra is the largest out of this group with an area of 468 square meters. km.

Andorra: how to pay less taxes or not to pay taxes at all

1. The taxation of individuals and residents — currently at 10% — is the lowest in Europe. If you have an income per household of no more than 24,000 euros per year, you do NOT pay income tax. Indirect taxes such as VAT are fixed at 4.5%.

2. While Andorra is a tax haven, the country ranks 12th in the world in terms of quality of life, according to the International Living index

3. The level of Andorran’s gross domestic product per capita is higher than in the most developed world countries and Europe, including Germany, France, Spain, as well as the United States and Japan. Andorra has been 5th in the world, according to the World Bank, for the last few years. Andorra follows after Monaco, Liechtenstein, Luxembourg and San Marino.

Font-Romeu, France

Font‑Romeu is located in the Languedoc‑Roussillon region of the Eastern Pyrenees (Pyrénées‑Orientales) on the Cerdagne plateau, 40 km from Andorra, 87 km from Perpignan (France) and 170 km from Barcelona (Spain, Catalonia). The city is “the heart of the Catalan Pyrenees” with panoramic views, clean air, and bright light. It is located at an altitude of 1800 m above sea level.

Font Romeu is known as “the land of champions”. The city is famous for the fact that outstanding athletes lived and trained here: Martin Fourcade, a French biathlete who won four Olympic medals (two gold and two silver), 10 world champion titles, 10 crystal globes and 63 individual victories; Kilian Jornet, who is known as a “heaven rider”, a professional mountaineer and athlete, a long distance runner who made history thanks to the fastest ascent and descent of the Matterhorn, Mont Blanc, Denali, and Everest; the famous French swimmer Camille Lacourt, French athlete Colette Besson.

In 1920–1930, Font‑Romeu was called the “Winter Sports Palace”, where the world elite loved to come, as it was here that one of the first and most prestigious ski resorts in France appeared. At present, it has 103 km of cross‑country skiing tracks (22 runs: 7 “green”, 10 “blue” and 5 “red”), 41 downhill ski slopes (15 “green”, 10 “blue “, 7” red “and 9” black “). It is about 50 km in total. The slopes are maintained by 500 snow cannons, and the resort has one snow park and four ski schools. The resort also has three separate slopes for slalom skiers and a stadium for biathlon. The resort also provides the opportunity to go night skiing — both for amateurs and for competitors with the participation of, as a rule, the Northern European countries.

Ski deals. Best skiing in Andorra without buying ski packages

Ski deals. Best skiing in Andorra without buying ski packages

You can reach Andorra simply and quickly, without buying ski packages:

Ski deals: air tickets: the cheapest air tickets from many cities of Europe and Africa to Barcelona PRAT airport are available via VUELING airlines: vueling.com.

Barcelona — Andorra la Vella, Toulouse — Andorra la Vella, Madrid -Andorra la Vella: You can buy bus tickets from Barcelona, Madrid and Toulouse to Andorra without needing to book in advance (the approximate cost is 34 euros from Barcelona and Toulouse).

Ski deals: hotels: you can book any hotel at a cheap price directly through Andorra’s official hotel sites here

Lift tickets. You can purchase a ski pass at the Grandvalira and Vallnord cashiers without booking in advance at a great price.

Europe best ski: Andorra

Andorra is one of the safest countries in the world for tourism and living. Andorra ski infrastructure is included in the top 15 rating in the world. Andorra’s ski system has the maximum percentage of ski lift systems per square meter in the world, with a capacity of about 160 thousand people per hour.

Andorra’s ski map contains 182 ski slopes (340 km) in total, as well as several other areas for winter sports and extreme activities. Thus, the area offers ski for both beginners and for the more experienced.

Annually, on the slopes of Andorra, the most important international sporting ski events take place : the stages of the World and European Championships in alpine skiing and snowboarding, the World and European Cups in Alpine skiing, Total Fight Masters of Freestyle, the Freeride World Tour, the Cup “Flying kilometer”. According to experts, the Andorran slopes are one of the best in the world for such events.

Being the cheapest in Europe, Andorra is one of the most popular too. This is not because of low quality services, but because it has the the lowest VAT in Europe (4.5%). That’s why prices for accommodation, ski equipment, restaurants, services and entertainment in Andorra are 15–20% lower than similar offers in the Alpine resorts. The low rate of VAT makes Andorra a European shopping centre.

At the weekend. Why DO more than 5 mln Spaniards and French go to Andorra to have a best weekend?

Weekend. Why more than 5 mln Spaniards and French go to Andorra for a weekend?

How to spend a weekend? All Andorra for 2 days

In 2017 Andorra, according to the World Bank, has become the most visited country in the world. Why? Because, the Spaniards and the French think that Andorra is the BEST place where you can spend a weekend.

Passenger traffic from France and Spain to Andorra is approximately 5 million people per year

How to spend a weekend? Andorra: the cheapest alcohol for a weekend in Western Europe

1. Andorra, along with Liechtenstein, Monaco and San Marino, is referred to “small states” of Europe.

Andorra today — is the most visited country in the world, according to the World Bank. The area of Andorra is 468 sq.km. It is possible to see all Andorra within 2 days.

2. The capital of Andorra is Andorra la Vella — the highest capital of Europe (about 1030 m above sea level).

3. Andorra has almost a “zero” level of crime.

4. Andorra is the center of European shopping. This is the lowest VAT in Western Europe (4.5%) and the absence of excise taxes and charges on imports of many goods. Prices for luxury goods, some food stuff, alcohol, tobacco, sports equipment are lower than in other European countries by 10–30%.

Flights to Andorra

Flights to Andorra

Andorra has no airport but the roads to Spain and France allow getting to the airports of Barcelona and Toulouse within approximately 3 hours.

In winter the major roads are quickly cleared of snow and are completely passable; however, the road from Andorra to France (RN‑20–22) is sometimes closed because of risk of avalanche. When there is a prediction of high snowfall, it is preferable to enter or leave Andorra via Spanish border.

The optimal way to reach Andorra is through Spain from international airport of Barcelona ¨El Prat¨. Spanish low cost air company VUELING offers the cheapest flights to Barcelona from main European cities and Africa.

The airport of La Seu d’Urgell (Spain, 10km from the border with Andorra) was opened for commercial flights in the beginning of 2015. Howewer, the airport is still in the process of getting all permits to operate international flights.

The company El Teu Soci Aeri (TSA) also offered air taxi service from the airport. TSA has a Cessna Citation II, with a capacity up for to 8 people with 3 members crew. Its operating radius is about 3,000 km away. The service now can reach Canary Islands or Northern Europe. The company has received about 15 requests to fly to destinations including Italy, England, North Africa and Spain. Prices are around € 300 to fly to Madrid and € 150 to fly to Barcelona. The TSA company considers the cost of renting of the aircraft not to be expensive and to be perfectly competitive with the prices of regular flights (or taxi services).

Abandoned places of the world: The Torre Blanca fortifications of Castellciutat in La Seu D’Urgell

Abandoned places of the world: The Torre Blanca fortifications of Castellciutat in La Seu D’Urgell

The Torre Blanca, or White Tower, was one of the advanced fortifications for the Castle of Castellciutat. This fortification protected the defensive complex from the southern flank.

Originally its defenses seem to have been limited to an artillery tower surrounded by polygonal fortifications for the infantry. In 1720, the greatest of the Bourbon military engineers, Alexander de Retz, was in charge, of reconstructing the defenses. The tower was completely rebuilt and a powerful horn work was built in front, as well as complementary facilities that made the area almost as strong as the Castle. The White Tower, along with the whole fortified complex, suffered the ravages of the war and the sieges of 1822 and 1875.

In the 1950s, the Spanish army chose this site to build large modern barracks that housed the Regiment de Caçadors de Muntanya Arapiles 62 (the 62d Mountain Light Infantry Regiment “Apariles”). Serving the garrison had a negative impact on the daily life of the people of La Seu D’Urgell and its economy.

In 1993, the military installations (being not finished) were given over to the municipality of La Seu D’Urgell.

The fortification complex is now abandoned and closed for visitors.

Around the world in 80 days: why visiting Andorra is a must?

Around the world in 80 days: why visiting Andorra is a must?

The population of the Principality of Andorra is just over 70 thousand people, but more than 8 million tourists visit Andorra annually, which made it, according to the World Bank, “the most visited country in the world in terms of the number of tourists per inhabitants in 2016”.

The Principality of Andorra is a country, along with Liechtenstein, Monaco and San Marino, which is referred to as one of the “midget states” of Europe, and is in fact the largest out of this group. The area of the Principality of Andorra is only 468 sq. km. Andorra is located in the southwest of the Eurasian continent, between Spain and France, in the eastern part of the Pyrenees Mountains. The country has no access to the sea as the majority of the country is in a mountainous area, at an altitude exceeding 900 meters above sea level. The capital of Andorra is Andorra la Vella — the highest capital in Europe, situated at an altitude of about 1100 metres.

The beauty and uniqueness of the country’s landscapes and resorts, around the world and mountain skiing, thermal springs, trade, low tax system and no trade excise, the absence of crime, excellent ecology, and the low cost of living in comparison with neighboring France and Spain all contribute to attracting about 8 million tourists a year.

Places to visit: Andorra

Places to visit: 9 “PROS” to visit Andorra

The Principality of Andorra is a small country that can be viewed in a similar way to the group of European diminutive states like Liechtenstein, Monaco and San‑Marino. A minor difference being that Andorra is the biggest out of this group. The area of Andorra makes up 468 km2.

More than 8 million people visit Andorra every year. Andorra — is the most visited country in the world for tourists per capita, according to World Bank.

Andorra is one the safest countries in the world for living and tourism.

Visiting Andorra ski resorts have the maximum percentage of ski lift systems per square meter in the world, with a capacity of about 160 thousand people per hour. According to the World Ski Awards, Andorran ski resorts are in the top 15 best ski resorts in the world.

Water is one of Andorra’s natural resources. Besides lakes and rivers, there are sulfur rich thermal springs in Escaldes‑Engordany. With a surface of 30,000 m2 at the height of 1,100 m CALDEA INUU SPA centre presents a real oasis in Andorra; a thermal resort, where the interconnection of ancient civilizations with water is evidently visible. Caldea is the biggest center of mountain thermal waters in Europe.

The nature of Andorra — rolling peaks, steep cliffs, canyons, and tumultuous mountain rivers dodging through the valley’s mountains. The geographical landscape of this part of the Pyrenees goes back to Paleozoic and Mesozoic eras. As for the different lakes, they have glacial origin. More than 30% of Andorra’s territory is a natural park under UNESCO protection.

Best holiday destinations: Andorra

Best holiday destinations

Minimum VAT rate in Europe (4.5%) makes Andorra the most visited country in the world (tourists per capita), according to World Bank

Travel destinations in Andorra

The Principality of Andorra is a small country that is attributed to the group of European diminutive states (Liechtenstein, Monaco and San‑Marino). Andorra is the biggest out of this group. The area of Andorra makes up 468 km2.

The inseparable beauty of landscapes and resorts, skiing, thermal spa springs, duty and excise free trade, low level of criminal activity, excellent ecological conditions, a relatively low cost of living and tourism services in comparison with France and Spain make Andorra the best holiday destination!

Roman arquitecture is visible everywhere and could be found in most small churches and medieval bridges. The majority of festivals and popular traditional holidays correspond to the religious events and natural cycles of the Earth.

It’s easier now to get to Andorra even for a weekend — Andorran company El Teu Soci Aeri (TSA) offered air taxi service from the Spanish airport La Seu D’Urgell (10 km from the border between Andorra and Spain) to many cities in Europe.

5 amazing facts: Andorra

Fact 1. The Principality of Andorra is a small country that could be attributed to the group of European diminutive states together with Liechtenstein, Monaco and San‑Marino. Alongside with that, Andorra is the biggest out of this group. The area of Andorra makes up 468 km2.

Fact 2. Andorra — is 14th oldest country in the world. The first settlements in the territory of what would later become Andorra began in the Ice Age, but there were no large groups inhabiting this territory until after the retreat of glaciers. Archeological excavations demonstrate that from 3500–2000 BC small groups of people lived in valleys near the Rio Valira and in caves in what would later become known as Andorra.

Fact 3. Historically, Co‑princes of Andorra as well as the Head of the State possess general and inseparable power and can represent the Principality at the highest level. In accordance to different versions of “Pariatge” decree the title of co‑Princes of the State is personal and inseparable and belongs to Urgell bishop and to the President of France. In accordance to the same decree Urgell bishop and the President of France guarantee the stability of political system of Andorra. Co‑Princes are also in a position to solve controversial issues of the Principality and participate in the process of taking decisions by the governmental and constitutive power.

Fact 4. The capital of Andorra — Andorra la Vella — is the highest capital in Europe. Altitude above sea level: 1013 m.

Fact 5. Andorra — is the only country in the world where 3 systems of preschool and school education function officially: French, Spanish and Andorran. All amazing facts on Andorra

Taxes in Europe

A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.[1] A failure to pay, or evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent. Most countries have a tax system in place to pay for public/common/agreed national needs and government functions: some levy a flat percentage rate of taxation on personal annual income, some on a scale based on annual income amounts, and some countries impose almost no taxation at all, or a very low tax rate for a certain area of taxation. Some countries charge a tax both on corporate income and dividends; this is often referred to as double taxation as the individual shareholder(s) receiving this payment from the company will also be levied some tax on that personal income.

Taxes in Europe. Comparative characteristics of tax systems of EU countries, Andorra, San Marino, Monaco and Liechtenstein (corporate taxation)

Where to buy cheap clothes? Cheap fashion in Andorra

Of course, the best place to buy clothes is a place with a lot of choice and low prices. Better still, where you can not only buy it but also combine the shopping with doing some sport too.

An ideal place for shopping and recreation — both in winter and in summer, is Andorra. The main advantage of this country in comparison with other European countries is the low taxation rate. The Principality has one of the lowest VAT rates in Europe (4.5%) and the absence of import taxes makes shopping in this country the most profitable within the borders of Western European countries.

Therefore, every year almost 5 million Spaniards and French go to Andorra to buy cheap clothes, including the clothes made in Spain and France. Cheap clothes produced in France and Spain are cheaper in Andorra, encouraging people from many European countries to go shopping in Andorra

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