Andorra

Andorra maintains a competitive tax environment with a top personal income tax rate of 10% and a corporate tax rate of 10%. These low rates position the country as an appealing base for entrepreneurs and remote workers. Capital gains are taxed at a relatively low rate of 10%, making Andorra reasonably attractive for investors and those with portfolio income. Andorra taxes residents on their worldwide income, including foreign-sourced earnings. This means income from overseas employment, investments, and business activities is subject to domestic tax rates, though double taxation treaties may provide relief. Notable tax incentive: No tax on foreign income; max 10% PIT on domestic income. This regime can significantly reduce the effective tax burden for qualifying individuals or businesses and is worth exploring with a qualified tax advisor. Andorra does not permit dual citizenship. Individuals acquiring citizenship here may be required to renounce their existing nationality, which has significant implications for tax residency planning and global mobility.