Wealth management consultant in the Principality of Andorra: Clickand’s strengths
The Principality of Andorra is an attractive destination for wealth management, offering advantageous taxation, a pleasant living environment and proximity to France and Spain. To take full advantage of these benefits, it is crucial to surround yourself with qualified professionals. Clickand, a wealth management consulting firm, has established itself as a key player in the Principality.
Heritage in Andorra
Patrimony, which includes all of a person’s assets and rights, can be movable (bank accounts, securities, etc.) or immovable (real estate, etc.). Wealth management aims to preserve and enhance these assets.
In Andorra, wealth taxation stands out for its advantageous nature. The wealth tax (ISF) was abolished in 2015, and income from assets is subject to preferential taxation. For example, dividends are taxed at 10%, compared to 30% in France.
Regulations in Andorra
Wealth management in Andorra is governed by various regulations, including the creation of asset management companies, the management of investment funds and inheritance taxation.
The creation of a property company in Andorra requires compliance with the following conditions:
- The registered office must be established in Andorra.
- Shareholders must be natural or legal persons domiciled or having their registered office in Andorra.
The management of investment funds in Andorra is subject to strict regulations, requiring the approval of the Financial Market Supervisory Commission (CMF).
Important questions are often highlighted, with an important comparison according to your country of origin, we are here to answer all your questions. For example, on the issue of taxes:
What are the property taxes in Andorra?
In contrast to neighboring countries such as Spain or France, Andorra is distinguished by the absence of property taxes. In France, for instance, property tax applies to income from movable assets and real estate assets exceeding 1.3 million euros.
Regarding real estate transactions, Andorra applies a property transfer tax (ITP) rate of 4 to 4.5%, depending on whether it is an individual or a legal entity. In comparison, in France, this rate varies between 19 and 25%. This difference in rates between Andorra and France can be significant for those considering real estate transactions and is one of the attractive aspects of the Andorran tax framework.
How much does it cost to pay inheritance tax?
Which logically leads to a whole series of elementary questions!!
- How is inheritance tax calculated?
- What is the tax rate for inheritance tax?
- For the kids?
- For the spouse?
- For a person not directly related to the deceased?
- How long does it take to pay inheritance tax?
In Andorra, there is absolutely no inheritance tax, just as there is no inter vivos gift tax. As a result, there are no problems of calculations, rates, deadlines and others to consider on this point…. But you will definitely have other questions…. We are at your disposal to provide you with all the advice and facilitate your installation in Andorra.
Clickand’s Tax Experts
Our wealth management consultancy firm specialises in the Principality of Andorra and has a team of experts in taxation, law and finance. Our professionals have in-depth knowledge of Andorran regulations and are able to offer customized solutions to each client.
Some of our strengths:
- Recognised expertise: We have been a recognised wealth management consultancy firm in the Principality of Andorra since 2007. We have many years of experience in supporting individual and professional investors. We currently manage more than 3500 clients.
- A Personalized Approach: We are committed to providing you with a personalized approach that meets your specific needs. We take the time to understand your financial situation and goals to offer you tailored solutions.
- Full transparency: We are committed to providing you with clear and transparent information about our services and products. We explain the pros and cons of each solution in detail so that you can make an informed decision.
If you aspire to exploit the advantages of the Principality of Andorra for the management of your assets, Clickand is the ideal partner. Our team will assist you in designing a wealth strategy that meets your needs and objectives.