{"id":183274,"date":"2021-02-19T21:54:10","date_gmt":"2021-02-19T18:54:10","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-andorra-is-the-new-silicon-valley-for-youtubers\/"},"modified":"2021-02-19T21:54:10","modified_gmt":"2021-02-19T18:54:10","slug":"why-andorra-is-the-new-silicon-valley-for-youtubers","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-andorra-is-the-new-silicon-valley-for-youtubers\/","title":{"rendered":"#Why Andorra is the new ‘Silicon Valley for YouTubers’"},"content":{"rendered":"

“#Why Andorra is the new ‘Silicon Valley for YouTube<\/a>rs’<\/strong>”<\/p>\n

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A tiny, isolated nation in the mountains of Europe is the hottest new destination for social media stars, it was revealed on Friday.<\/p>\n

Andorra, a principality of 77,000 that\u2019s sandwiched between Spain and France in the Pyrenees mountain range, is typically thought of as a ski destination and tax haven for the wealthy but it\u2019s turning into a creative hub filled with YouTube stars and other influencers from across Europe.\u00a0<\/p>\n

\u201cThis is like the Silicon Valley of YouTubers \u2014 everyone is here,\u201d Victor Dominguez, the host of the Wall Street Wolverine business and innovation channel on YouTube, told Bloomberg<\/a>.<\/p>\n

He chose Andorra last year as a means to escape the pandemic and because of how easy it is to produce content when \u201cthere\u2019s another YouTuber five minutes away,\u201d he told the outlet.\u00a0<\/p>\n

While Dominguez, a Spanish native, didn\u2019t cite tax breaks as his reason for leaving, it surely is an added bonus. The mountain nation\u2019s top-rate income tax rate is just 10%, compared to Spain\u2019s 54%, the outlet reported.\u00a0<\/p>\n

Andorra is happ<\/a>y to have the new residents, which include famous Spanish game<\/a>rs aLexBY11, Willyrex, Vegetta, The Grefg, Lolito and Staxx. The principality has been suffering from a declining population and skiing industry due to climate change, the outlet said.\u00a0<\/p>\n

\"An
An empty street in Pas-de-la-Case, Andorra, is seen on Nov. 17, 2020. <\/figcaption>
GEORGES GOBET\/AFP via Getty Images<\/span><\/figcaption><\/figure>\n

\u201cWell-known people can have a very normal life in Andorra. They can go shopping, do any activity without being the focus of media or any social pressure,\u201d Andorran Economy Minister Jordi Gallardo told Bloomberg, adding his government never recruited social media stars.\u00a0<\/p>\n

He said they came because they saw the nation\u2019s many benefits \u2014 solid health and education, a balmy climate, fast fiber-optic broadband and of course, low taxes.\u00a0<\/p>\n

Pau Auge, a local tax lawyer in the microstate, said when it comes to registering a business, entrepreneurs have had the ability to put \u201cYouTube\u201d as the company\u2019s purpose since 2019.\u00a0<\/p>\n

\"People
People using the ski resort in El Tater, Andorra. The nation is known for its high standards of living, fast internet speeds and low taxes.<\/figcaption>
LIONEL BONAVENTURE\/AFP via Getty Images<\/span><\/figcaption><\/figure>\n

Auge told the outlet he has YouTubers as clients and his numbers are growing \u2014 influencers from France and the Netherlands are now jumping on the bandwagon as well.\u00a0<\/p>\n

Back in Spain, they haven\u2019t been taking the exodus so well \u2014 one of the country\u2019s biggest celebrities, Ana Rosa Quintana, recently called the moves \u201cunsupportive\u201d on her Telecinco morning show.<\/p>\n

\u201cRailroads and pensions have to be paid for,\u201d Quintana said.\u00a0<\/p>\n

When YouTube gaming star ElRubius told his 39 million acolytes he was headed to Andorra last month, national media in Spain lambasted the move, calling it cynical and unpatriotic as the country struggles with a sluggish economy and high unemployment, Bloomberg reported.\u00a0<\/p>\n

\"Spanish
Spanish journalist and celebrity Ana Rosa Quintana slammed the mass exodus to Andorra. <\/figcaption>
Europa Press via Getty Images<\/span><\/figcaption><\/figure>\n

ElRubius later took down the video where he cited Andorra\u2019s tax haven as a \u201cplus\u201d and posted a letter explaining he wanted more anonymity and to live in a place where he could hang out with his friends as opposed to being cooped up at home.\u00a0<\/p>\n

\u201cWhat I am going through these days in the mainstream media and in social media only shows how rotten the climate of debate is in Spain,\u201d the gamer wrote in the letter.\u00a0<\/p>\n

Despite the backlash, business hasn\u2019t been affected, the outlet reported. Engagement data for ElRubius, The Grefg and aLexBY11 is continuing to grow \u2014 even after their moves, the outlet found.\u00a0\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Why Andorra is the new ‘Silicon Valley for YouTubers’” A tiny, isolated nation in the mountains of Europe is the hottest new destination for social media stars, it was revealed on Friday. Andorra, a principality of 77,000 that\u2019s sandwiched between Spain and France in the Pyrenees mountain range, is typically thought of as a ski…<\/p>\n","protected":false},"author":1,"featured_media":183275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/andorra-53.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[94145,28340,74480,46483,49],"class_list":["post-183274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2-19-21","tag-europe","tag-influencers","tag-taxes","tag-youtube"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/183274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=183274"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/183274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/183275"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=183274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=183274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=183274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}