PurgatoryEurope
Andorra
10%effective individual rate
10% flat tax on income. Andorra is a popular destination for crypto entrepreneurs with low taxes and high quality of life.
FATCA Partner
No
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Capital Gains Tax10%
Income Tax on Crypto10%
Corporate Tax10%
VAT on Crypto4.5%
Activity Taxes
Staking
10%
Mining
10%
DeFi
10%
NFTs
10%
Taxable Events
Crypto → Fiat
Taxable
Crypto → Crypto
Taxable
Holding Period
No holding period benefit
None
Regulation & Residency
Regulatory Body
AFA
Residency Requirement
Investment residency EUR 400K+
Reporting Requirements
Annual tax return
Citizenship & Residency Path
Passive residency via €600K+ investment; no path to citizenship
Notable Conditions
- →10% flat rate (one of EU area's lowest)
- →High quality of life
- →Not EU member
- →Crypto-specific regulation 2022
- →Very low VAT 4.5%
Living & Lifestyle
Cost of Living
High
Banking Access
Good
Quality of Life
Very High
Lifestyle Scores
Safety10/10
Healthcare8/10
Institutions8/10
Business Ease6/10
Int'l Schooling5/10
Privacy5/10