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

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 …

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

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? …

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

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 …

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

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 …

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Tax burden

What is the tax burden in Andorra?

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 …

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The economic performance of Andorra in 2022

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 …

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Temporary suspension of foreign investment in property                               

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 …

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Our experience as part of the GGI Global Alliance

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 …

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The nullity of Spanish Tax Form 720 fines is now a reality    

The Spanish Tax Agency has at last accepted the annulment of the penalties imposed on residents who are liable for Spanish tax for late declaration or non-declaration of their assets abroad. The European Court of Justice has ruled that such penalties were contrary to EU law, and the Spanish Council of State has ratified that decision. Table of contents: Steps taken to cancel penalties under Tax Form 720 Refund of penalties For whom is Tax Form 720 intended? The points …

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Start-up : what is it, and how does this type of company work in Andorra?

In the digital age, start-ups are driving innovation and economic growth on a global scale. These emerging companies, driven by creativity and technology, have become an attractive sector for investors seeking new business opportunities. However, until the end of last year, Andorra had no specific legislation for this type of economic activity. With the approval of the new law on the digital economy, innovation and entrepreneurship, a section has been created to regulate the creation, operating conditions and characteristics of …

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