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informe-economic

The economic performance of Andorra in 2022

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

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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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Foreign investment grows for another year in Andorra

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The number of foreign investment applications in Andorra and the volume of initial investment declared grew substantially in 2021. Figures have improved compared to the pre-pandemic period, with results well above those of 2020. These are the conclusions after analysing the figures that the Government’s statistics department has shown in its report. All the relevant data are summarised for you here. Table of contents 1. Growth in the number of applications submitted 2. Nearly 1,000 foreign investment requests were approved …

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New business opportunities for launching a company in Andorra

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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 …

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Tax-system

The Andorran tax system: ranked 20th on a list of 190 countries

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According to the Paying Taxes analysis carried out by the World Bank as part of a larger study called Doing Business, Andorra’s tax system has been ranked 20th among a list of 190 assessed countries. The principality received a good rating in the field of taxation, above Switzerland and below Canada.   Assessment of the tax system The method used by the Paying Taxes indicator is based on the assessment of the total taxes that companies must pay as well …

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Horitzó 23: Andorra’s economic plan for meeting the challenge of COVID-19 recovery

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Andorra is preparing to deal with the consequences of the crisis caused by the COVID-19 pandemic. As a result, the Andorran government has unveiled a new action plan entitled “Horitzó 23 (H23)”, which outlines a series of measures for reactivating the country’s economy. What does “Horitzó 23” include? This strategic plan comprises 77 actions, spread across 20 initiatives, which are based on three main pillars: social welfare, the economy and innovation, and other measures focused on digital transformation and internationalisation. …

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How to create a company in Andorra

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The benefits of Andorra’s tax system are obvious when compared to the vast majority of European countries, which makes it an incredibly attractive location for the creation of companies and corporations. In addition, Andorra boasts a very high level of personal safety (it has one of the lowest national crime rates worldwide), a superb health and education system, and a per capita income that is among the highest in the world. Andorra is the perfect country for investment and business, …

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Geneva International Group

Advantia Assessors, a new member of Geneva Group International

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Advantia Assessors has joined Geneva Group International (GGI), a global alliance of independent professional firms, which has been represented in Andorra since September. Expert advice on a global scale As a member of GGI, Advantia Assessors can supplement their current knowledge and experience with world-class international resources, enabling better advice on a global scale.The significant international presence of Geneva Group International ensures constant support from local experts in operations that require internationalisation.This high-level contact network allows us to offer effective …

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Holding

Holding in Andorra

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This article has been revised and updated in accordance with the latest amendments to Andorran regulations. Updated August 2023. 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, …

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ARE YOU DECIDING WHETHER TO INVEST IN ANDORRA?

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This article has been revised and updated in accordance with the latest amendments to Andorran regulations.Updated August 2023. Andorra is a country of benefits and opportunities. Besides the obvious economic, financial and fiscal perks, investing in Andorra offers several advantages, such as a quality of life that is among the best in the world. The country welcomes more than 8 million visitors each year, has a GDP per capita of over €39,068 a year, in 2022 (compared to €27,870 in …

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