๐Ÿ‡ฆ๐Ÿ‡ฉ Andorra vs ๐Ÿ‡น๐Ÿ‡ญ Thailand

Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs

Quick Comparison

Factor๐Ÿ‡ฆ๐Ÿ‡ฉ Andorra๐Ÿ‡น๐Ÿ‡ญ Thailand
Tax SystemLow TaxTerritorial (changing)
Income Tax (Foreign)0-10%0-35% (local income)
Capital Gains Tax0-10%0% (foreign, if not remitted)
Corporate Tax10%20%
Residency Requirementโ‚ฌ50k deposit + โ‚ฌ400k investmentLTR Visa ($80k/year income)
Minimum Stay90 days180 days for tax residency
Cost of LivingModerate ($2,000-3,500/mo)Low ($1,200-2,500/mo)

๐Ÿ‡ฆ๐Ÿ‡ฉ Andorra

Highlights

  • โœ…Very low taxes
  • โœ…Safe country
  • โœ…Mountain lifestyle
  • โœ…Near Spain/France
  • โœ…Growing crypto scene

Considerations

  • โš ๏ธNot EU member
  • โš ๏ธSmall country
  • โš ๏ธLimited services

Best For

  • ๐Ÿ‘คSkiers
  • ๐Ÿ‘คLow-tax EU access
  • ๐Ÿ‘คCrypto

๐Ÿ‡น๐Ÿ‡ญ Thailand

Highlights

  • โœ…Amazing lifestyle
  • โœ…Low cost of living
  • โœ…Great food and culture
  • โœ…Digital nomad friendly
  • โœ…Good healthcare

Considerations

  • โš ๏ธTax rules changing in 2024
  • โš ๏ธVisa can be complex
  • โš ๏ธLanguage barrier

Best For

  • ๐Ÿ‘คLifestyle seekers
  • ๐Ÿ‘คDigital nomads
  • ๐Ÿ‘คRetirees

Which Should You Choose?

Choose Andorra if: You prioritize very low taxes and safe country. Ideal for skiers, low-tax eu access, crypto.

Choose Thailand if: You prioritize amazing lifestyle and low cost of living. Ideal for lifestyle seekers, digital nomads, retirees.

Not Sure Which is Right for You?

Take our free eligibility assessment to see which tax residency program fits your situation.