Friday, March 25, 2011
Expatriate Spotlight on Andorra la Vella in Andorra
Andorra is famous for great skiing and shopping and some of the most dramatic scenery in the Pyrenees with over 300 days of sunshine a year. In the last five years, over €50 million has been invested in mountain cafés and restaurants, chairlifts and gondolas, car parks and snow-making machines.
Andorra has over 2000 shops – more than one for every 40 inhabitants and attracts over 12 million tourists annually.
Andorra’s cost of living is approximately 20% cheaper than Paris, France and has no sales tax. This means that you could earn 20% less salary in Andorra than Paris and still maintain a similar standard of living to that of Paris.
Andorra is a Tax Haven with no personal income or inheritance tax and has all the normal tax haven benefits without the high living costs.
Andorra is well located for expatriates wishing to escape from the big cities. It is within 3 hours drive by car of major cities in France and Spain.