The recent Esland awards organized by streamer TheGrefg have once again put Andorra and its management of the dozens of content creators who have chosen the Pyrenean country to emigrate and enjoy its tax advantages.
In recent years, the small state located between Spain and France has been an image for these professionals, who have seen that they could maintain their way of working from home with a high-quality connection and first-class services, saving the taxes they have. to respond in our country.
However, this march of YouTubers and streamers to Andorra has also led to an explosion in the real estate investment market, one of the favorites for these professionals to safeguard their money and invest in relatively safe securities so that if one day they run out their main livelihood maintain benefits and savings.
What at first seemed like a great plan for these individuals and for Andorra as a way to promote itself globally has ended up being a headache for the small country’s economy, which has led to immediate measures being taken.
The Andorran government has already announced that it is temporarily suspending the authorization of foreign investments in these types of assets to give time to modify the legislation and avoid a speculative bubble that comes from the hand of these same youtubers.
The beginning of this problem began in the middle of the pandemic, when in 2020 the streaming phenomenon increased with the great explosion of Twitch and its desire to have a fixed residence in Andorra with the prior payment of 47,500 euros or with the obligation to invest 400,000 euros in a real estate property.
For this reason, the country’s executive is already planning to establish a 10% tax specifically intended to tax foreign investments in Andorran housing to prevent its own citizens from having to emigrate to Spain or France, prey to the rise in prices generated by these same creators. of content.
The latest episode of this controversial bet by these content creators in Andorra has been the one starring TheGrefg and an 82-year-old woman who refuses to leave a home despite pressure from the company Grefito SLU, the streamer’s company in the country. neighbor, which has reached the point of leaving the woman without windows and with frozen and blocked pipes.
With all this, a real pulse has been generated between the Andorran state and the YouTubers and streamers, who initially saw mutual benefit in their union and who have now known their first major mutual problem that has raised expectations among specialists with training in the subject.
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