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Foreign-investors|

Increase in the number of foreign investment applications in Andorra in the first half of 2021

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After an atypical year 2020, in which economic activity was also strongly disrupted by the coronavirus pandemic, the number of foreign investment applications in Andorra increased strongly during the first half of 2021. Data presented by the Minister of Economy a few days ago reveal an increase in direct investment authorisations: 535 authorisations have been granted, 93% more than the same period in 2019 and 254% more than in 2020. These figures show that the 2020 slowdown does not represent …

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e-sports-Andorra

Andorra presents a strategic plan that will position the country as a world leader in eSports

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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 …

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convenio-seguridad-social||vivir-Andorra||

Social Security Agreement between Andorra and Spain, France and Portugal

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If you’re considering changing your country of habitual residence and coming to live in Andorra, you’ve most likely already considered the range of advantages such as the language, the quality of life, the lower tax burden, the high standard of state schools, the quality of the healthcare system, the safety, and more besides. An aspect that is of particular interest to those planning to permanently or temporarily relocate to Andorra is the agreement that currently exists between Andorran Social Security …

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tasa-ocupación

Andorra is second in Europe in terms of its employment rate

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A study on the main indicators of the Europe 2020 strategy was presented by Andorra’s statistics department at the end of March. Andorra has the second highest employment rate of any European country This report shows that in 2019 the employment rate of the workforce aged 20-64 was 84.9%. This was almost the highest in Europe, second only to Iceland with 85.8%. Moreover, this percentage is almost 10 points higher than the European indicator, which sits at 75%. This study, …

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Centro-investigación-grifols

Andorra will welcome a pioneering research centre from Grifols

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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 …

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aeroport-andorra-La-Seu

Andorra a little closer and better connected, thanks to the airport

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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 …

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medidas-económicas

Andorra receives positive assessments from the rating agencies

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Despite the crisis caused by the pandemic, thanks to the economic measures implemented by the Andorran government, international agencies have given a positive assessment of the country’s credit rating. According to Standard & Poor’s and Fitch Ratings, the country’s credit rating is BBB/A-2 and BBB+, respectively, with a stable outlook, and it is also believed that the principality can weather the negative effects of the pandemic.   Fitch Ratings emphasised that the increase in unemployment has been modest despite the …

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impuestos-andorra

Taxes in Andorra compared to other countries

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Most investors are attracted to Andorra for its low tax rates, which are much more competitive than France, Spain and other European countries. Below, you can find the differences between the main taxes in Andorra and the United Kingdom. If you’re considering moving your company to the principality, this article will tell you everything you need to know. Andorran VAT While VAT in Spain is 21%, in France is 20% and the average for European countries is almost 21%, in …

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yotubers-andorra

Why are Spanish YouTubers moving house to Andorra?

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This article has been revised and updated in accordance with the latest amendments to Andorran regulations. Updated August 2023. At the time, there was a lot of talk about the expatriation from Spain of El Rubius, a Spanish Youtuber, for tax reasons. What other attractions do youtubers find in Andorra apart from the lower tax burden? We talked about it at the height of the controversy in 2019 with Josep Garcia, co-founder and director of Advantia Assessors.  Why are YouTubers …

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residir-andorra

What benefits are there for new investors who want to live in Andorra?

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Andorra continues to be a hot and trending topic in the Spanish media, after Spain’s biggest YouTuber, El Rubius, announced he was moving his residence to the principality. The possibility of living in Andorra is also attracting increasing interest from other types of foreign investors, not just content creators and digital nomads. New investor demographics In the last year, interest in permanently relocating to Andorra has increased by 15 to 20%, according to data from the Diari d’Andorra. Two main …

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