Warning About Misuse of Autonomous Permits for Residents in Andorra
Recently, a problem has been detected in Andorra related to certain scams in the area of residency and taxation. A tax expert, Marc Urgell, explained in a recent interview that there are people who, in order to avoid complying with certain legal requirements, use autonomous permits irregularly when they are actually passive residents.
The Trap of the Autonomous Permit to Avoid Legal Deposit
One of the obligations to access passive resident status in Andorra is to make a minimum deposit of €600,000, a measure that ensures compliance and seriousness of the migration process. However, some individuals attempt to evade this requirement by fraudulently using the autonomous permit. This involves arriving in Andorra with an autonomous permit, even though in reality they are in the country fulfilling the conditions of a passive resident.
Indicators and Repercussions
Marc Urgell indicates that there are “indications” that this practice is occurring. Some of these individuals even promote this type of scam through social networks to attract new residents who choose this route. Although it is presumed to be residual cases, the actual impact is still unknown.
Recommendations and Legal Measures to Prevent Frauds
Given this situation, the main proposal offered by the expert is to pursue such conduct through legal modifications and stricter controls. In particular, it is mentioned that the current law on living with dignity already includes mechanisms for investment control and should be reinforced to prevent these scams from recurring.
Key Aspects to Control These Practices
- Pursuing those who facilitate and benefit from this irregularity.
- Amending legislation to cover current legal gaps.
- Implementing rigorous controls on investments made for passive residence.
- Properly informing those seeking residence in Andorra about the legal requirements.
What Does This Mean for Those Wanting to Relocate Their Residency to Andorra?
If you are considering transferring your residence to Andorra, it is essential that you understand the obligations involved and avoid fraudulent practices that could jeopardize your process. For this, we recommend thoroughly informing yourself about current regulations and obtaining professional guidance specializing in residency and taxation in Andorra.
At Andorraway.com, we offer comprehensive advice to facilitate each step of your transfer, ensuring you meet all legal requirements to reside, work, and invest in Andorra safely and legally.
Advantages of Following a Proper Legal Process
- Avoiding penalties or expulsion due to non-compliance.
- Gaining access to all fiscal and social benefits with full validity.
- Having expert support during the management of permits and documentation.
- Making informed decisions about your new life in Andorra.
Conclusion
The taxation and residency in Andorra require rigour and transparency. Attempts to bypass established requirements, such as the €600,000 deposit for passive residents, can lead to serious legal consequences and harm the image of the Andorran migration system. Therefore, vigilance and legislative updates are necessary to protect both the country and future legal residents.
Learn more about making a legal and successful move to Andorra by visiting our page on moving to Andorra, and discover all the key aspects of living in this unique country.