Andorra presents a strategic plan that will position the country as a world leader in eSports
A new strategic plan has been developed to boost eSports in Andorra, a sector that is experiencing non-stop growth worldwide. Alongside the eSports law approved in April (Llei 8/2021, del 29 d’abril, d’esports electrònics), this project is essential for driving the sector and attracting new companies to the country. As a result, new business opportunities are emerging for companies and individuals who want to become self-employed and thrive in eSports. This project will be a catalyst that will help to diversify and strengthen the Andorran economy through innovation and attracting new markets – a key government objective for continued growth, …
Andorra will welcome a pioneering research centre from Grifols
Grifols will be creating a pioneering complex for scientific and health research in Andorra. The Andorran government and the pharmaceutical holding company have announced an agreement to develop a research centre that will begin operating in 2023. A new project that will position Andorra at the cutting edge of scientific research Pharmaceutical company Grifols has chosen Andorra as the location for an immunology research centre that will focus on finding new therapies and cures for immune system conditions. Location is the key, as this will be the only centre of its kind in southern Europe. The Andorran government, through the …
Andorra a little closer and better connected, thanks to the airport
Establishing good connections to improve access to the principality and reduce distances is a top priority. Despite the enclave being set in the heart of the Pyrenees, which doesn’t make things easy, Andorra is working tirelessly to improve communications. For this reason, Andorra-La Seu Airport is already well on the way to becoming a reality, as part of the efforts to increase the country’s connectivity. Andorra-La Seu Airport, a continuity project It is important for Andorra to have an airport so it can benefit from better connections. This infrastructure will improve connectivity thanks to air mobility, which will not only …
New business opportunities for launching a company in Andorra
Andorra is well on its way to becoming a benchmark for mountain sports innovation thanks to the agreement signed with technology company Global Sports Innovation Center powered by Microsoft (GSIC). The GSIC focuses on providing coverage and helping companies in the world of sport to promote their projects globally and create tech-based business opportunities. This new agreement will allow Andorra to attract international companies and startups that are interested in developing tech projects in the snow, mountain and cycling sports sectors. An agreement designed to attract and create new companies in Andorra This agreement was signed with the aim of …
Blockchain in Andorra: increasingly close to regulatory law
Andorra is working on a regulatory framework for blockchain technology that will open the door to the regulation of cryptocurrencies. As there are currently no regulations in force to legislate this type of activity, the principality could be one of the first countries to have its own legislation. Andorra and blockchain: another step towards digital transformation This is one of the 77 initiatives proposed by the government in Horitzó 23, Andorra’s economic plan. The digital transformation section includes a modification of Law 35/2014 to qualify blockchain as an electronic trust service in Andorra. This amendment is intended to be submitted …
Dropshipping in Andorra: a highly profitable business model
What is dropshipping? Thanks to the facilities it offers, dropshipping has without doubt become a very profitable internet business model. All you need to do is create an online shop to sell third-party products, without the need to store or buy them in advance. This translates into savings on stock and logistics that can be invested in the design, and positioning of your e-commerce or in the promotion of your products. This business model means that you simply act as the intermediary between the customer and the supplier. Advantages of dropshipping The presence of these types of shops on the …
Holding in Andorra
Creating a holding company in Andorra is a way of optimising the taxation of the return on your investments. Holding companies in Andorra are subject to specific taxation that is different to normal companies, with more benefits and fiscal attractiveness. It should be noted that a holding company is considered as such when, in addition to holding shares in other companies, it is viewed as having proper economic substance. If the company does not meet this requirement, we would be dealing with joint ownership of property. How can you optimise the taxation of your investments? One of the best ways …
Latest News
