Comunicacio

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residencia-pasiva

Residence in Andorra: apart from lucrative activity

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Passive residence without gainful activity is a type of residence that allows you to live in Andorra without carrying out any economic or professional activity there. In other words, it is a residence permit for people who have sufficient income to support themselves without having to work. In this article, we explain what the passive residence permit without gainful activity in Andorra is, and also the requirements for obtaining it, and the advantages. Table of contents: Conditions of application for …

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fitch-ratings

In its latest rating, Fitch Ratings gives Andorra an A-

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Despite the global geopolitical context, Fitch Ratings has maintained Andorra’s A- rating with a stable outlook – the same rating and outlook that the Principality received in July 2022. In its latest assessment (at the end of April), the agency positively assessed factors such as last year’s growth in GDP, efficient debt management and the resilience of Andorra’s banking sector, among others. And in some cases, Andorra outperforms other countries rated at the same level, as we show below. Table …

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banca-andorrana

How Andorra’s banking system works: the keys to understanding Andorran banking

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One of the most interesting aspects of our country is the way in which the Andorran banking and financial system works. For this reason, in this article we are going to explain the most important characteristics of that system. You will certainly find it useful to know about them if you are thinking of moving here. Table of contents: Information about banking in Andorra Activities and services offered by banks in Andorra Andorra is part of the SEPA zone Bodies …

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How much tax do you pay in Andorra?                       

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If you’ve been considering investing in Andorra, one of the factors that probably made you choose our country is the low tax burden compared to your place of residence. The good quality of life, natural surroundings and ideal geographical location between Spain and France are just some of the other aspects that are most attractive to people looking to invest in our small country. Table of contents: Taxation in Andorra Corporate tax in Andorra Personal Income Tax IGI: Andorran VAT …

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acord-duaner

CUSTOMS UNION AGREEMENT BETWEEN ANDORRA AND THE EUROPEAN UNION                

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Andorra is one of the smallest states in Europe and the only country in the world with a parliamentary co-principality. But these are not the only peculiarities of the Principality. Its small size, its geographical enclave, its political tradition and other historical factors have given Andorra a special relationship with the European Union. Table of contents Before and after 1990 Customs Union Agreement and TEC (Common External Tariff) Customs Union and Consumption Tax Agreement Customs Union Agreement and travellers’ duty-free …

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economia-digital

Law governing the digital economy, entrepreneurship and innovation

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El 1 de diciembre el parlamento andorrano aprobó la ley 42/2022, sobre la economía digital, el emprendimiento y la innovación. El objetivo de esta ley es proporcionar los medios que permitan desarrollar y fomentar nuevas oportunidades de negocio en el sector digital y de las nuevas tecnologías en Andorra. Pretende también favorecer las condiciones para que inversores locales y extranjeros puedan impulsar sus actividades, creando un marco legal fuerte, seguro y que genere confianza. Tabla de contenidos: Regulación de espacios …

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abrir-negocio-andorra

Guide to opening a business in Andorra in 2023                                                     

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The Principality has become a magnet for foreign businessmen wishing to set up in Andorra and take advantage of its many benefits. These include its excellent taxation conditions, its high quality of life and its geographical location between France and Spain, with good communications. In 2021 alone, 916 applications for foreign investment were approved and formalised. This demonstrates the Principality’s great potential. If you are thinking of opening a business in Andorra from abroad, this article is for you. Table …

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crecimiento-economico

Andorra will prove to be Europe’s second-fastest growing country, according to the IMF   

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The International Monetary Fund (IMF) forecasts that growth in Andorra will prove to be the second-fastest in Europe in 2022, after Ireland. It also points out that its progression will be higher than that of our neighbouring countries France and Spain, and will be above the average for the Eurozone. Table of contents: Forecast growth Annual Meeting of the IMF Measures that have strengthened Andorra’s position Investing in Andorra Forecast growth Every year, the IMF report assesses the prospects for …

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digital-assets-law

New law governing digital assets and blockchain in Andorra                                                    

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Andorra has approved the digital assets law that regulates cryptocurrencies and blockchain technology. More specifically, it is Law 24/2022, of 30th June, governing the digital representation of assets by means of cryptography, distributed ledger technology and blockchain. The purpose of this law is to position the country as a reference in new technology and as an attractive place for foreign companies and investors who want to establish themselves with projects connected with this area. To that end, the Government has …

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Draft law to modify the law governing foreign investment in Andorra                            

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The draft to modify the 2012 law governing foreign investment in Andorra has been presented. The main aims of this reform are to conform to other countries’ standards in this field and to streamline the procedure for certain investments. Apart from this major change, the new regulatory framework also provides for a system of subsequent control and for a penalty system, neither of which existed previously. It is worth noting that foreign investment currently represents 18.7% of Andorra’s GDP, and …

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