A scale that starts at zero
0% up to €24,000, ≈5% up to €40,000, then 10% — never more. Example: €120,000 of realised gains, €8,800 of tax (≈7.3% effective) — full details in our Andorran taxation guide.
→ (income − €24,000) × 10% − €800
Andorra · Traders & investors
Andorra for traders.
Day trading, swing, crypto, funded accounts: your gains are taxed at 10% maximum, and your capital is never taxed simply for being held. One Andorra-based firm runs your entire relocation.
0%Up to €24,000 of income
10%IRPF cap
≤10%Capital gains & crypto
0€Wealth · inheritance
Why Andorra
What Andorra changes for your gains.
A tax scale you can compute in your head, contained capital gains, and wealth that is never taxed merely for existing.
Capital gains & crypto contained
Securities gains and crypto gains fall under the 10% cap — holding is never taxed (Law 24/2022). France’s 2026 flat tax takes 31.4% of the same gains.
→ Roughly three times less than in FranceHold and pass on, frictionless
No wealth tax, no inheritance or gift tax. Your capital is never taxed for merely existing — and it passes on intact.
→ Your wealth can breathe
The 2026 figures
Same gain, two realities.
For an identical gain, here is what France and Andorra take in 2026 — general case, before any structuring.
| Levy | France | PrincipalityAndorra |
|---|---|---|
| Securities capital gains | 31.4% (flat tax) | ≤10% |
| Crypto capital gains | 31.4% (flat tax) | ≤10% |
| Professional trading (activity) | Scale up to 45% | ≤10% |
| Dividends (Andorran source) | 31.4% (flat tax) | 0% |
| Wealth tax | IFI up to 1.5% | None |
| Inheritance tax | Up to 45% | 0% |
| Rates in force in 2026, general case. Measure the gap on your own numbers with the tax simulator or the tax comparator. | ||
Your trading style
Each profile has its regime.
Each profile has its regime.
All stay under 10%.
The Andorran administration distinguishes the private investor from the professional operator. The right qualification is prepared in advance — that is our job.
Swing
Active investor & swing trader
- Realised gains: IRPF ≤10%, first bracket at 0%
- Holding and portfolio rotation: untaxed
- Andorran-source dividends: exempt
Day trading
Day trader & scalper
- Habitual activity: professional regime, still ≤10%
- Personal capacity or company, depending on volume
- Qualification framed from day one, no forced reclassification
Crypto
Crypto & derivatives
- Law 24/2022: holding untaxed, disposals ≤10%
- Spot, futures, staking: qualification refined per activity
- Every case is detailed in our crypto taxation guide
Prop firms
Funded accounts & prop firms
- Payouts = activity income: 10% maximum
- Invoicing, IGI and agreements properly framed
- An expertise few firms can offer
The exact treatment depends on your profile.
Volumes, instruments, status: we quantify it during the assessment — or compare Andorra and France with our simulator.
Andorra
The right framework
Residency, company:
Residency, company:
in the right order.
Three decisions shape your relocation. Taken in the right order, they make your setup unassailable.
- Passive residency: 90 days/year, from €1M invested (€800,000 in real estate)
- Active residency if you work on the ground, through a company or self-employed
- SL or holding: 10% corporate tax, Andorran dividends exempt from IRPF
- French exit tax (Art. 167 bis, from €800,000 in securities): anticipated before departure
- 2013 tax treaty: your Andorran residency recognised at 183 days
Your relocation
Four steps, one dedicated adviser.
Confidential assessment
Trading profile, volumes, instruments: we model your Andorran taxation and the real gap with your current situation.
Framework chosen
Passive or active residency, possible company, a calendar that accounts for the exit tax: every decision is settled with numbers.
Full relocation
Immigration, housing, bank account, coordination with your brokers: one adviser drives it all.
Ongoing peace of mind
IRPF and corporate filings, compliance, adjustments as your activity evolves: your framework stays solid over time.
Frequently asked questions
Traders in Andorra: your questions.
How are trading capital gains taxed in Andorra?
Securities gains fall under the IRPF and its 10% cap, with a first bracket at 0%. Holding your portfolio is never taxed. The precise regime depends on your profile: we quantify it during the assessment.
What about cryptocurrency gains?
Law 24/2022 governs digital assets: mere holding is untaxed, and disposals are taxed at 10% maximum through the IRPF — versus a 31.4% flat tax in France in 2026. A habitual crypto trader may see the activity qualified as professional, still within the 10% cap. See our crypto taxation guide.
Do I need a company to trade?
Not necessarily. Trading your own capital often remains in the private sphere. A company (SL, holding) becomes relevant for an organised activity or substantial wealth: 10% corporate tax, Andorran-source dividends exempt. We compare both scenarios for your case.
Are funded accounts (prop firms) treated well?
Yes. Prop firm payouts remunerate a service: they are activity income, taxed at 10% maximum. Depending on your volumes, we structure the invoicing personally or through a company, with IGI and agreements properly framed.
What happens to the French exit tax if I move to Andorra?
Article 167 bis of the French tax code targets taxpayers holding more than €800,000 in securities (or at least 50% of a company): their latent gains fall within the scope of a departure levy. Payment deferral, disposal calendar and documentation are prepared before leaving — the topic is covered in our exit tax guide.
How much time must I actually spend in Andorra?
The passive residency card only requires 90 days per year, but tax residency — the one that matters to the French administration — is built on 183 days and the centre of your interests. The 2013 tax treaty secures that recognition; we calibrate your relocation so it is unassailable.
Can I keep my international brokers?
Generally, yes: most international platforms accept Andorran residency once your file is updated. Andorran banks complete the setup (multi-currency accounts, securities custody) within a transparent, treaty-based framework (CRS). See opening a bank account in Andorra.
Structure your trading activity.
A confidential conversation to assess your situation, quantify the gap and choose the most advantageous framework.
Contact us
