Comunicacio, autor en Advantia Consultoría y gestoría Andorra

An Association Agreement between Andorra and the European Union

Andorra is a microstate in Europe. It is neither part of Spain nor part of France, although it shares cultural characteristics with its neighbours due to its geographical proximity. Like other countries of its type in Europe, it does not belong to the European Union or the European Economic Area. However, it has had agreements with the EU since 1990. The country is currently negotiating an association agreement to widen relations with the EU, and to give it access to …

New law affecting the tax on foreign investment in real estate

by Comunicacio

If you are interested in investment opportunities in Andorra, or have already taken the first steps, you are probably aware that there has been a significant change affecting the acquisition of Andorran property by foreigners. We refer to a new tax on foreign investment in property. Announced in September last year, this measure brings to an end a temporary moratorium and marks a turning point in the conditions for those wishing to take advantage of the country’s potential.Find out how …

How does one implement an EoR in one’s business strategy?

by Comunicacio

When a company wants to make the leap to the international level, it can either establish itself in the host country or perform its activities through an Employer of Record (EoR), an option that offers numerous advantages. In this article, we discuss how to effectively implement the Employer of Record in one’s business strategy. Table of contents: How does an Employer of Record work?When does one need the services of an EOR?Incorporating the EoR strategy into one’s business strategyThe benefits …

What is an Employer of Record and how can these help you?

by Comunicacio

When a company wants to expand beyond its borders, it faces the challenge of managing employees in different countries. This is where the concept of the Employer of Record (EoR), also known as the legal or local employer, comes in. The EoR has become an essential figure for companies that decide to grow in countries in which they have no headquarters. Table of contents: What is an Employer of Record (EoR)?What can an Employer of Record do for your business? …

How has the opening of Andorra-La Seu d’Urgell Airport affected the country?

by Comunicacio

Last Update: 5/01/24 Until recently, the only way to reach the Principality was by road. If you wanted to get there by air, you had to fly to Barcelona or Toulouse, which were the closest airports. However, they are about three hours away by car or public transport. To make itself more accessible, Andorra launched its first airline, connecting the Pyrenees with Madrid, at the end of 2021. Table of contents: The Andorra-La Seu d’Urgell Airport A new start for …

The Andorran economy will grow by 2.1% in 2023, according to the IMF

by Comunicacio

The International Monetary Fund’s (IMF) latest Annual Report provides global economic forecasts, highlighting broad trends and offering in-depth analysis of individual economies. It serves as a guide to understanding and anticipating economic movements on a global and regional scale.Andorra, as the 190th member of the organisation, is also included in this analysis. The report provides a detailed overview that lets us paint a clearer picture of what the economic future may hold for our country. Table of contents: Improvement of …

What is the tax burden in Andorra?

by Comunicacio

Andorra stands out for its fiscal competitiveness and its tax system, which is comparable to that of other countries. Its economic stability, underpinned by a sound fiscal policy, makes it an attractive location for investors looking for new opportunities abroad. Much of the available information focuses on what taxes are paid and at what rate, but less attention has been paid to the way in which they are collected. In this article, we discuss the tax burden in Andorra, another …

The economic performance of Andorra in 2022

by Comunicacio

In 2022, the global economy experienced several changes and challenges. It was a year marked by changes in government policy to deal with the consequences of rising inflation, increases in interest rates and rising prices. As elsewhere, Andorra’s economic outlook was varied and dynamic. This is reflected in the 2022 Economic Report presented by the Andorran Chamber of Commerce, which analyses last year’s growth situation and the prospects for the future. Table of contents: The country’s growth reaches the level …

Temporary suspension of foreign investment in property

by Comunicacio

The Andorran Government has announced the temporary suspension of foreign investment in property. This initiative, which has already been approved by the Andorran parliament, is intended to alleviate the national problem of a lack of affordable housing for renting. It has been introduced as a transitional measure pending the introduction of the tax on foreign investment in property, which is expected in the autumn. Table of contents: Moratorium on approvals for foreign investment in property Draft law reforming the law …

Our experience as part of the GGI Global Alliance

by Comunicacio

In an increasingly interconnected world, companies face major challenges in providing their services. For this reason, belonging to an international group of companies that face the same challenges as we do has become a strategy for business success. Since 2019, we have been part of an international network of companies and professional people: the GGI Global Alliance. For us, it is the perfect alliance to promote growth in the provision of services to clients from all over the world who …