Real Andorra lifestyle

Real Andorra lifestyle
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P RO P E RT Y
S E RV I C E S
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P R I N C I PAT
D ’ A N D O R R A
Real Andorra lifestyle
Invest in Andorra
NEW OPPORTUNITIES
Andorra opens its economy to foreign investment,
with the possibility since July 2012 of creating
societies with a 100% of foreign capital.
In this framework of economic opening, the mission
of MASSANDOR is to carry out the economic
promotion of Andorra to attract and welcome
foreign investors, as well as to diversify the national
economy via new sectors with added value.
Andorra is a country of opportunities when it
comes to business and life.
Real Andorra lifestyle
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A ndorra , openin g itsel f to
t h e econo m y, real estate and
international a g ree m ents .
A ndorra ,
t h e door to E u rope .
A ndorra ,
t h e w innin g option .
A ndorra ,
e x pandin g t h e econo m y
I f yo u w ant to live in
A ndorra
Even though it isn’t a member state, Andorra is
a strategic enclave inside the European Union,
as well as an ideal place to implant companies
willing to do business with Europe or the
whole world.
The Andorran taxation system has a more
advantageous direct taxation compared to that
of the neighbouring countries when it comes to
its reach and its tax rates.The direct taxation is of
about 10%.
Nowadays a foreign company can invest, place
delegations or set up corporate headquarters
with 100% of the capital. The guarantee of being
a neutral country without an army allows us
to welcome the new entrepreneurs and the
business world.
Any legal person can establish his or her principal
and effective residency in the Principality of
Andorra.The first authorization is for one year, it
can be renewed for two 3-year periods and then
every 10 years.
A ndorra and t h e real estate : a rare g ood .
R e q u ire m ents f or a passive residency :
75% of the Andorran territory is of public ownership and usage, and thus the non-edificability of the
land keeps the private value in a safe and lasting warrantee level.
• Provable economic autonomy, no criminal records and good practices.
• 50.000€ deposit at the INAF (Andorran Finance Institute) for the main resident + 10.000€ for each
person in charge.
• 400.000€ investment in assets located in the country.
Real Andorran lifestyle
Q u ality o f li f e
Very few countries can compete
against Andorra’s economic and natural
advantages, especially in terms of quality of
life for the people and the families.
Andorra offers:
• Security for all citizens
• Three educational systems (Andorran, French and
Spanish) to choose
• The highest life expectancy rate in the world
• A quality health system
• The country of ski and nature-related leisure
• Caldea, the biggest thermoludic centre in southern
Europe
• The richness of its historical and cultural heritage
• Natural heritage at the heart of the Pyrenees
• Shopping: the most profitable shopping area in Europe all
year long
• Quality traditional and international gastronomy
• A good climate
• A per capita income higher than the EU average
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A co u ntry f u ll o f si m plicity
M A S S A N D O R carries out a useful program which offers the
following services for entrepreneurs:
Due to the several advantages in the economy, the tax system
and the quality of life, Andorra is a country of opportunities for
entrepreneurs.
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The Andorran government has currently established a series of
legislative measures to encourage investment and the creation of
businesses. These measures include:
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- the new Company Act (Llei de Societats), which regulates
the behaviour of companies in the Principality in each modality
(Limited company or Corporation)
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- the new Accounting Act (Llei de Comptabilitat), which establishes
the accounting requirements of Andorran companies, as well as the
resulting responsibilities.
- the new Foreign Investment Act (Llei d’Inversió Estrangera), which
establishes the possibilities for foreign capital investment in the
companies and activities of the Principality
In order to support these legislative changes, the Andorran
government has established a welcoming plan so as to guide
investors in their creation of new companies in the Principality.
Sectorial research: MASSANDOR will carry out a sectorial
study for the entrepreneur; this will allow him to visualise
the opportunities and alternatives of his business model in
Andorra.
Visit program: MASSANDOR offers to manage some visit
days and meetings to allow the entrepreneur to get to know
the economic and social agents of Andorra so as to create
synergies.
Advising service: once the commercial society is created,
MASSANDOR proposes an advising service to tackle all the
questions that might affect the everyday life in the business.
FA C I L I T Y S E RV I C E S M A S S A N D O R
There is a network of professional consultants who can offer you::
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legal services
financial services
international business services
fiscal services
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human resources services
intellectual property services
customs services
real estate services
Real Andorra lifestyle
A ndorra ,
the country of the Pyrenees
Andorra is an independent state located in southwest Europe between Spain
and France, with an area of 468 km2 and a history that goes back more than
a thousand years.
Famed around the world for its ski resorts, shops with very low taxes and
modern hotel and service infrastructure, as well as its international brand
center and nature-related activities, Andorra receives around eight million
visitors every year.
Andorra is also a paradise for nature-lovers: 90% of the country is occupied
by forests.
C L I M AT E
Geo g rap h ic sit u ation
Andorra has a dry high mountain climate,
with low temperatures in winter and mild
in summer. Thanks to its proximity to the
Mediterranean Sea, days are usually sunny.
FRANCE
Ordino Canillo
La Massana •
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• Encamp
Pas
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de la Casa
• • Escaldes-Engordany
• Sant Julià de Lòria
ESPAÑA
P op u lation
According to the 2012 census, Andorra has
a population of 78,000, with an average age
of 39.6 years.
Capital: Andorra la Vella
AREA: 468 km2
TIME ZONE: GMT + 1
C u rrency
The official currency is the euro (€).
Andorra will start minting euros in 2014.
L an g u a g e
The official language of Andorra is
Catalan. However, Spanish and French
are all commonly used due to geographic
proximity and cultural, historical and
economic exchanges. English is spoken in
the commercial and financial areas.
R eli g ion
Andorra is a lay state. The Constitution
enshrines the rights of religious freedom.
Nonetheless, most of the population is
Catholic.
A ndorra in f i g u res
PoPULATION: 78.000 habitants.
Hotel beds: +39.000.
Hotel establishments: 315.
Ski slopes 300 km balizades.
Shopping: +1.000 botigues
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Andorra is also known for having the biggest
thermoludic centre of southern Europe, as well as the
Inúu centre.
A ndorra , a h erita g e
After a thousand years of history, Andorra has known
how to preserve a rich architectural heritage and also its
ancestral traditions, which identify our country and help
to prove its origins.
Located at the heart of the Pyrenees, Andorra has
an extraordinary natural richness. A paradigm can be
found at the Madriu valley, which was declared a world
heritage site by the UNESCO in 2004 as a cultural site.
There are also several routes for the whole family, via
ferrata routes and a network of free mountain shelters
throughout the country which are open all year long.
Andorra also possesses the two most important skiing
resorts in the Pyrenees, Grandvalira and Vallnord, as well
as a cross-country resort in La Rabassa. The combination
of natural heritage, skiing resorts and the commercial
sector, with more interesting prices compared to
neighboring countries attracts more than 11.5 millions of
visitors every year.
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A ndorran instit u tions
These are the Andorran institutions:
CO-PRINCES.......................................................................Head of State
GENERAL COUNCIL............................................................Parliament
GOVERN..........................................................................Executive power
MINISTRIES
T h e General C o u ncil
It’s the most important representative organ. It has the
legislative power, approves the budget of the Government and
it impulses and controls the latter’s political action. The General
Council is composed of 28 members, chosen by universal
suffrage for a 4-year term.
T h e Govern m ent
It has the executive power and is composed of the Head of
Government and the ministers. The Head of Government is
chosen by the General Council and controls Andorra’s national
and international politics, as well as the State’s administration
and exercises the regulatory authority.
E L S C O MU N S
Andorra is divided into seven parishes, which have political and
administrative powers. By order of protocol, the seven parishes
are: Canillo, Encamp, Ordino, La Massana, Andorra la Vella,
Sant Julià de Lòria and Escaldes-Engordany. The administrative
building is known as the Commune (which acts by the means
of its Council). Each Commune has the power to represent
and administrate the interests of the parishes, approving and
executing their budgets, establishing and implementing public
policies and managing and administrating their assets.
Real Andorran lifestyle
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VA L U E S
Over the years, we have managed to
cover practically all the needs that the
changing world of the property market
has presented.
We have expanded from providing
accommodation to supplying and
managing all our clients’ needs within the
property world.
Our motto is to provide excellence in
treatment and service.
Gaining our clients’ trust, guaranteeing a
return on their investment, maintaining
their properties in impeccable state and
managing all their requirements, including
taking legal measures on their behalf…
We are located in the parish of La
Massana, but our property world
embraces the entire Principality and our
client portfolio is international.
We have expanded from operating on
the domestic market with clients who
came to Andorra with specific business in
mind to opening up our entire country, in
all its sectors, to the diverse, international
market embodied by the new Andorran
society.
Our clients can rest easy, as we are an
integrated service company, pioneers in
the sector in Andorra and unique in the
full range of services we provide.
Nowadays, real estate per se has become
just a small part of our business.
Our sincere concern for our country and
the environment and for people requires
us to take an ever more professional
approach and to ensure constantly higher
standards of transparency, rigour and
efficiency.
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We b elieve in co m m ittin g
to o u r o w n clients
Our straight, simple approach, based on the search for excellence and client recognition,
is the main achievement that the whole team at Massandor strives to achieve in our
day-to-day activities. Transparency and security are the two basic pillars on which we
seek to reassure our clients and build their loyalty.
EXPERIENCIE
• Administration
• Purchase and sale
• Renting
• Development
• Marketing
• Insurance
• Habitability
• Feasibility studies (urban
development plans)
• Procedures
P u r c h ase an d sale ( inte g r ate d se r vice )
The commercial department strives constantly to adapt supply to demand, satisfying the
needs of all parties as far as possible.
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Intermediation and guidance to choose the best option in each case
Simplifying administrative bureaucracy by managing all requirements
Search throughout the market according to client demands
Cooperation with internal and external property companies
Our own and other marketing channels, based on the virtual property tools
Optimal yield from property for different uses: commercial, administrative,
tourist, etc.
Free property valuation
Technical and legal support throughout the purchase or sale process
Investment in leased properties
Study of purchasing expectations on the property market
Feasibility studies for sites
Personalised management to help secure mortgages
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total S E R V I C E
F A M I LY O FF I C E
Massandor is the leading rent management company
in the Principality.
R eal estate :
We have our own, varied portfolio of properties (flats and
apartments, business premises, warehouses, etc.), as well as a
large portfolio built up over time, thanks to the trust placed in
us by many clients.
As a property investment, renting is made even more
attractive by the services we provide for our clients:
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Regular property inspections
Search according to client needs and requirements
Negotiation of administrative formalities
Provision of permits and compliance with official
requirements
Portfolio of flats and apartments throughout the
Principality
• Property management
• Accountancy
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management
Presentation of tax
statements
Accounts closing
Processing all official
documents
C ons u ltin g
and control
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Property investment
Yield on property
Investment purchases
Diversification of real
estate portfolio
We are yo u r
m ana g ers f or :
• Legal services: lawyers
• Document processing:
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the public administration
Architectural services:
architects
Interior decoration
services: interior
decorators
Rehabilitation services:
building companies
We are yo u r
ad m inistrators
f or :
• Rental management
• Community
management
• Property management
• 24-hour home assistance
• Our own maintenance
service
• Online advice (coming
soon)
• Your insurance
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P RO P E RT Y M A N A G E M E N T
I nte g rated m aintenance service
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We are t h e ans w er to yo u r needs
• There is a breakdown during the weekend.Who can we phone?
• We can smell gas, there is a leak or the light or heating has gone off.
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Who should we call?
If a window is broken, who can get it repaired immediately?
The entry phone is not working.Who should we inform?
We’ve lost the house keys.What can we do?
The garage door won’t open.Who will help us to get our car out
quickly?
The blinds won’t come down? What can we do?
It’s Christmas day and we have run out of fuel oil. Will we freeze to
death?
Who clears the ramp when it snows?
Monthly readings of heating and hot water meters
Replacement of electrical supplies
Control of cleaning services and supply of products and materials
Employment of cleaning staff and management of Social Security payments
Control of lift and heating maintenance companies
Control of fuel supply (such as fuel oil), always seeking the best price
Regular visits to ensure that the property stays in optimum condition
Provision of estimates for any rehabilitation needs
Control and management of any works
Coordination and management of companies carrying out ordinary and
extraordinary repairs of a community nature
Emergency telephone line outside office hours
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T H E G L O B A L R E A L E S TAT E I N A N D O R R A
(+376) 737 222 | Avda. St. Antoni, 25 Baixos | AD400 La Massana | PRINCIPAT D’ANDORRA
www.massandor.com