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Investing in Andorra

The advantages of investing in Andorra

A modern, prosperous and dynamic country

Andorra has more to offer than just one of the highest per capita incomes of any country in the world, it also enjoys a high level of public safety and one of the world’s best healthcare systems. An ideal country in which to invest, and also to live.

Un entorno de negocios competitivo

Since 2012, a legislative change has permitted corporations with 100% foreign capital to be incorporated in Andorra. The standardisation of the Andorran tax system with those of European countries, but with a lower tax burden, has allowed Andorra to remove itself from the list of tax havens while retaining excellent competitiveness.

Investing and living in Andorra

A country that is open to foreign investment
Recent changes in Andorran legislation have been geared towards facilitating the admission of foreign investors, the executives of whom will find all the facilities they need to live in the country. Thanks to the approval of Law 10/2012, of 21 June, on Foreign Investment in the Principality of Andorra, corporations with 100% foreign capital may now be created.
An idyllic place to live
Are you contemplating a move to Andorra? The per capita income in our principality is one of the highest in the world, and we also have a high safety index and one of the lowest crime rates. This intriguing combination is also complemented by excellent healthcare, a multilingual and virtually free education system (with the exception of a few fee-paying schools) and high-speed fibre optic broadband throughout the country.
Taxes that are among the lowest in Europe
In Andorra, companies benefit from some of the lowest rates of corporation (from 2% to 10%) and income tax (between 5% and 10%). There are no taxes on successions or inheritance, and social security contributions are also some of the lowest in Europe. IGI, a value added tax on sales (equivalent to IVA in Spain or TVA in France), is only 4.5%, the lowest across Europe.
Strategic location
Andorra is situated in the heart of the Pyrenees, nestled strategically between France and Spain. Road links are good, allowing the journey from Barcelona or Toulouse to be completed in less than 3 hours.
A country with tax benefits that is not a tax haven
More than 20 tax information exchange agreements have been entered into with Spain, France, Portugal, Switzerland, Germany, Austria, Belgium, the Netherlands, Liechtenstein, San Marino, Monaco, Poland, the Czech Republic, Norway, Finland, Iceland, Sweden, Denmark, Greenland, The Faroe Islands, Argentina and Australia. These agreements have marked the end of Andorra as a tax haven and facilitated its removal from the OECD (Organisation for Economic Co-operation and Development) black list. Meanwhile, double taxation agreements have been signed with Spain, France, Portugal, Luxembourg, Liechtenstein and the United Arab Emirates, to avoid double taxation between Andorra and these countries.
10 % (max.)
Corporation tax
0 %
Inheritance/succession tax
4.5 %
IGI (equivalent to VAT)

Andorra, a secure country for your investments

The Andorran economy boasted a GDP of 2,584 million euros in 2016 (+1.9%). Average annual growth of 3.2% has been maintained since 2000. Total imports equalled 1,226.1 million euros in 2016.

The economy is focused on the service sector, with considerable importance also being placed on financial activities (20.1%) and trade (14.8%).

The evolution of foreign investment legislation

2010
Law 95/2010 on Corporation Tax + Law 94/2010 on Income Tax for Non-Residents
2012
Law 9/2012 on Immigration + Law 20/2012 on Foreign Investment + Law 11/2012 on General Indirect Tax (IGI)
2013
Signing of the Double Taxation Agreement (CDI) between France and Andorra
2014
Law 5/2014 on Income Tax for Natural Persons (IRPF) + Signing of the Double Taxation Agreement (CDI) between Luxembourg and Andorra
2015
Signing of the Double Taxation Agreements (CDI) with Spain, United Arab Emirates, Portugal and Liechtenstein
2016
Signing of the Double Taxation Agreement (CDI) between Malta and Andorra
2018
Andorra is removed from the most recent list of European Union tax havens

Noteworthy services that will help you to invest in Andorra

We advise you on the legal forms of companies in the Principality of Andorra and the procedures required to open a corporation within the country.
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If you need to establish your residence in Andorra, be it through active or passive residency, we will assist you with the procedures for procuring the permit.
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We supply you with an Andorran address that will enable you to benefit from corporation tax of less than 10%, with tax benefits of up to 80%.
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