investing in Andorra

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Is Andorra a sovereign country or does it belong to Spain or France?

In the heart of the Pyrenees, sharing borders with Spain and France, lies Andorra, one of the smallest countries in the world. Its area is only 468 km2, but it has managed to preserve its autonomy. One of the recurring questions when talking about Andorra is whether it belongs to Spain or France. Let’s quickly find out: Andorra is an independent country, often described as “a little jewel in the mountains”. Contents: 1.- Andorra, the only co-principality in the world …

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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 …

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Tax-system

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

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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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 …

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

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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Foreign-investors

Foreign investment in Andorra grew in 2019

In July, the statistics department of the Andorran government will present its annual report on foreign investment and the conclusions drawn from it will be positive. In 2019, the volume of declared initial investment hit 337 million euros, representing growth of 88.1%. However, submitted requests decreased by 13%. Positive foreign investment requests 584 applications for foreign investment were submitted to the administration, 541 of which were accepted. Even though this is 73 less requests than in 2018 (-11.8%), investments were …

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Te ayudamos a crear una sociedad en Andorra

How to create a company in Andorra

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

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 …

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Sicav

SICAVs in Andorra: an alternative for tax savings

SICAVs, which are very attractive for substantial fortunes, are collective investment institutions which facilitate tax savings. Even if these companies with variable capital are not exclusive to Andorra, they are very interesting tax-saving vehicles, as they are taxed at 0% for corporate income tax. Moreover, dividends paid to Andorran shareholders are also exempt from tax. Types of SICAV in Andorra These investment vehicles are authorised and regulated by the Andorran Financial Authority (AFA), the supervisor of the financial system in …

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Living in Andorra

If you have got this far, it is because you have heard about our little principality and you are contemplating the possibility of coming to live in Andorra. Andorra, a country that is unique in the world Andorra, officially the Principality of Andorra, is Europe’s largest microstate; an independent country covering 468 km2 with around 75,000 inhabitants. Just 5% of our territory is covered by urban areas and infrastructures, leaving the rest as nature intended. Andorra has a unique political …

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