Your Free Guide to Andorra property, tax and residency.
Real Estate of the Week
This week we have chosen a four bedroom, two bathroom garden apartment in Arinsal.
If you want nature with modern living this one is definitely worth viewings as that's exactly what it offers, and the current owners have maintained this Andorra property for sale to an excellent standard throughout.
This could be the ideal apartment for anyone looking for residency, and if you would like some more photographs just let us know.
Contact us for photographs and details. And don't forget if this one's not your ideal that we have another fifty apartments and houses we can send you with up to date prices which you won't see anywhere else.
A Complete Residency Service
As well as offering a first class service in Andorra we also have a UK office and can meet UK clients before they visit, so they can have any questions answered, their residency application papers and bank account details ready to take to the residency office and banks, and be fully informed before visiting if they wish.
Many of our clients are referred to us by recommendation from those who have bought property and personally experienced our friendly helpful advice and professionalism.
Others have seen Tribune quoted as a source in the media, including the financial media (we were the only property experts who offer Andorra to be invited to show real estate on the flagship BBC financial series The Money Programme when they reported on the available European tax havens).
Our years of successful experience benefits YOU. We are able to help you before, during and after applying for residency.
The Daily Express in the UK have published a travel article about Soldeu, which can be seen here
Soldeu and Arinsal are popular for ski apartments, and there's some information which has been published on how global warming might affect the ski season - to read it visit this article by Tim Radford
A first time visitor from Australia writes a review for an online newspaper here
A little closer to home and the Irish Independent has a look at the winter ski season. It can be read here.
UN Secretary-General Visiting
The Secretary General of the UN is to visit five European countries next week, including Andorra, Spain and Monaco.
Best Broadband In Europe - March 1
Netindex.com's recent global survey of which countries offer the fastest download times makes for interesting reading for those looking at the possibility of applying for Andorra residency as it comes top in Europe, while worldwide it is third. First and second places go to Hong Kong and Singapore respectively.
Three More Properties For Sale
The latest three apartments and houses we can send you details of are:
A 2 bedroom apartment in Incles
A 2 bedroom house in the centre of historic Ordino
A 4 bedroom detached house in Erts
Full details with photographs are included when the real estate details are requested above.
Barcelona Flight Deals - September 24th
easyJet have flights from the UK to Barcelona on offer at the moment, with prices starting at £28 a person. For more details visit easyJet
The Latest News
Tax Haven Andorra Back In Favour
Andorra has been a favoured European tax haven for many over the last thirty years, but over the last two years the number of property sales and people taking residency declined dramatically.
With taxes rising across Europe recently and more likely to come in the near future, it would appear on the surface to be an odd state of affairs that a previously popular tax haven has seen a drop in interest.
But the fall in popularity was due to an eighteen month period while the country's Parliament decided on how to ensure a favourable tax climate for the future, with one eye on those who make the move and the other on governments who might have considered residency criteria for new entrants just too easy and tempting to fulfill for their citizens who wanted to legally reduce their tax bill in future years.
Before the recent changes were introduced gaining residency was indeed a very straightforward affair, and inexpensive.
A property could be rented and a 30,000 returnable non interest bearing deposit be paid into a government account, and as long as police certificates from a home country could be produced along with some basic documents such as a birth certificate, residency would be granted. A cheap and effective way of living in a European country with no income tax.
After the changes, new rules mean that if someone wants to rent to gain residency they will also have to buy 400,000 Euros of Government Bonds, or make a similar investment in the country.
Or they can buy a house or apartment to the value of 350,000 Euros and a deposit to the government of 50,000 - so either way the new minimum investment in the country either via real estate or bonds or investment is a minimum of 400,000.
And it this which is currently driving the Andorra property market, with the most popular choice being two and three bedrooms between 350,000 and 450,000 Euros, but also a good number of houses changing hands again since the new rules took effect last year.
The level of activity in the housing market isn't far off the levels seen in the run up to the banking crises in 2008, according to Tribune Properties who have been selling Andorra property and providing a residency service there since 1997.
And they think that prices could be on the rise again soon, with taxes rising across Europe and the allure of a low tax environment becoming more tempting to the financially aware.