Acquiring passive residency status in Andorra, Incorporation of a holding company in Andorra

On request of our client we had prepared several proposals of countries for changing of personal tax residency.

To accumulate assets in the economically attractive country of the World, in which it is convenient to live with the family and conduct business.

Create a holding company in one of the European countries with subsidiaries in different countries of the world, including Ukraine.

1. Analysis of tax systems in European countries and selection of two eligible countries.
2. Analysis and calculation of the tax burden in Andorra for the gross income of the client, taking into account international agreements on avoidance of double taxation, as well as internal tax legislation.
3. Determining the cost and timings of the citizenship acquisition for all the members of the family of our client. Determining the cost of incorporation and maintenance of companies in each jurisdiction. Legal and financial requirements for companies.
4. Analysis of the requirements to be applied to our client for incorporation of companies and opening bank accounts and analysis of the banks’ ability to conduct transactions with offshore and onshore companies.
5. Outline of business structures and financial transactions.

We have presented a conclusion with a set of accompanying materials for obtaining tax residency in Andorra, as well as managing business with the holding company incorporated in Andorra, and proposed business structure in general.