Why live in Andorra?
Life in Andorra, advantages and benefits
Andorra is one of the best places in the world to live
STRATEGIC POSITION IN EUROPE
Exceptional location
The Principality of Andorra has a privileged location in the Pyrenees, a natural paradise with all the advantages of a great city, offering residents a quality of life that is hard to beat.
With an area of 468 km2 and a population of around 79,000, Andorra is located between France and Spain, a strategic position on the European continent. This enables residents from Europe to stay close to their home countries, within easy reach of dynamic cities such as Barcelona, Toulouse or Gerona, and the Mediterranean Sea.
Moreover, the recent opening of the first direct route between the airport in La Seu d’Urgell (a few km from Andorra) and Madrid airport creates a direct connection to Spain’s capital, one of the busiest airports in the world.
Why live or settle in Andorra?
A safe, multicultural country
Andorra is one of the safest countries in the world, with one of the lowest crime rates on the planet. Moreover, its peaceful character and identity are evident in the fact that it has never had an army or war within its territory, in over 700 years of uninterrupted history.
It is a neutral, welcoming country where citizens of more than 100 nationalities and different religions live together in harmony, with the cultural wealth that implies. Besides Andorrans, the largest national groups are the Spanish, French, Portuguese, British, German and Dutch.
The official language of the Principality of Andorra is Catalan, but most Andorrans also speak Spanish, French and English, as the Andorran education system reflects the geographical location of the country. Andorra’s proximity to Spain and France and an increasing number of English-speaking tourists have led the schools to prioritise language learning from a young age. Moreover, there are private schools that offer a bilingual curriculum with total immersion in Spanish and English. In Andorra, there are more than thirty language schools that provide traditional classes or private classes at home, with the option of online learning.
Reasonable cost of living
In Andorra, overall, the cost of housing, education, health care, transport and shopping are not high, being similar to those of other countries in the region, making Andorra an affordable destination to start a new life.
Andorra uses the Euro as legal tender, with all the benefits of one of the most important and stable currencies in the world. Equally, the average monthly wage of €2,078.42 is remarkable in comparison with neighbouring countries, allowing residents of Andorra to maintain a high standard of living with per capital income of €36,335.
Moreover, with an employment rate of almost 80%, Andorra is a good place to find work, enabling residents to grow and develop on a professional and personal level.
The Andorran economy
Andorra is a country in the process of opening up its economy, with no limits on foreign investment and negative inflation of -0.2% in 2020 (1% in 2019).
For this reason, and due to the solvency of the Andorran economy, the rating agencies Fitch and Standard & Poor’s rated Andorra BBB+ and BBB, with a stable outlook.
The Principality received 8.2 million visitors in 2019, of which 3.1 million were tourists and 5.1 million were same-day visitors.
Quality of life
The Andorran climate is Mediterranean, so it has four seasons with numerous sunny days, even in winter.
Equally, the air quality is high for 91% of days, with more than 2,000 hours of sun annually. Added to this, the territory of Andorra is exceptional, with more than 90% covered by mountains, woods, rivers and lakes, waiting to be explored on more than 60 mountain trails.
World Heritage
Replete with Romanesque art, 10% of Andorra’s territory is recognised by UNESCO as World Heritage and we are currently working to become the first country to be entirely classified as a Biosphere Reserve.
With its enchanting landscapes and ski slopes, Andorra is surrounded by the exceptional natural beauty of the Pyrenees. It has valleys, rivers and numerous lakes to discover on foot, skiing or by bike.
FAQs
This is one of the safest countries in the world, with one of the best health systems, an exceptional natural environment, one of the highest life expectancy rates and a very attractive tax system.
Andorra can be reached by car or bus, with convenient connections to nearby airports and trains.
It is recognised as being among the top countries for health, with one of the best health systems in the world.
The standard rates of personal income tax and corporate tax are 10%, and IGI (VAT) is 4.5%, with various exemptions and rebates available. (See Taxes section)