Comunicacio

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suspensio-temporal

Temporary suspension of foreign investment in property                               

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The Andorran Government has announced the temporary suspension of foreign investment in property. This initiative, which has already been approved by the Andorran parliament, is intended to alleviate the national problem of a lack of affordable housing for renting. It has been introduced as a transitional measure pending the introduction of the tax on foreign investment in property, which is expected in the autumn. Table of contents: Moratorium on approvals for foreign investment in property Draft law reforming the law …

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GGI-Global-Alliance

Our experience as part of the GGI Global Alliance

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In an increasingly interconnected world, companies face major challenges in providing their services. For this reason, belonging to an international group of companies that face the same challenges as we do has become a strategy for business success. Since 2019, we have been part of an international network of companies and professional people: the GGI Global Alliance. For us, it is the perfect alliance to promote growth in the provision of services to clients from all over the world who …

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nulidad-sanciones-modelo-720

The nullity of Spanish Tax Form 720 fines is now a reality    

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The Spanish Tax Agency has at last accepted the annulment of the penalties imposed on residents who are liable for Spanish tax for late declaration or non-declaration of their assets abroad. The European Court of Justice has ruled that such penalties were contrary to EU law, and the Spanish Council of State has ratified that decision. Table of contents: Steps taken to cancel penalties under Tax Form 720 Refund of penalties For whom is Tax Form 720 intended? The points …

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startup-andorra

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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residencia-pasiva

Residence in Andorra: apart from lucrative activity

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Passive residence without gainful activity is a type of residence that allows you to live in Andorra without carrying out any economic or professional activity there. In other words, it is a residence permit for people who have sufficient income to support themselves without having to work. In this article, we explain what the passive residence permit without gainful activity in Andorra is, and also the requirements for obtaining it, and the advantages. Table of contents: Conditions of application for …

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fitch-ratings

In its latest rating, Fitch Ratings gives Andorra an A-

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Despite the global geopolitical context, Fitch Ratings has maintained Andorra’s A- rating with a stable outlook – the same rating and outlook that the Principality received in July 2022. In its latest assessment (at the end of April), the agency positively assessed factors such as last year’s growth in GDP, efficient debt management and the resilience of Andorra’s banking sector, among others. And in some cases, Andorra outperforms other countries rated at the same level, as we show below. Table …

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banca-andorrana

How Andorra’s banking system works: the keys to understanding Andorran banking

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One of the most interesting aspects of our country is the way in which the Andorran banking and financial system works. For this reason, in this article we are going to explain the most important characteristics of that system. You will certainly find it useful to know about them if you are thinking of moving here. Table of contents: Information about banking in Andorra Activities and services offered by banks in Andorra Andorra is part of the SEPA zone Bodies …

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How much tax do you pay in Andorra?                       

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If you’ve been considering investing in Andorra, one of the factors that probably made you choose our country is the low tax burden compared to your place of residence. The good quality of life, natural surroundings and ideal geographical location between Spain and France are just some of the other aspects that are most attractive to people looking to invest in our small country. Table of contents: Taxation in Andorra Corporate tax in Andorra Personal Income Tax IGI: Andorran VAT …

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acord-duaner

CUSTOMS UNION AGREEMENT BETWEEN ANDORRA AND THE EUROPEAN UNION                

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Andorra is one of the smallest states in Europe and the only country in the world with a parliamentary co-principality. But these are not the only peculiarities of the Principality. Its small size, its geographical enclave, its political tradition and other historical factors have given Andorra a special relationship with the European Union. Table of contents Before and after 1990 Customs Union Agreement and TEC (Common External Tariff) Customs Union and Consumption Tax Agreement Customs Union Agreement and travellers’ duty-free …

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economia-digital

Law governing the digital economy, entrepreneurship and innovation

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El 1 de diciembre el parlamento andorrano aprobó la ley 42/2022, sobre la economía digital, el emprendimiento y la innovación. El objetivo de esta ley es proporcionar los medios que permitan desarrollar y fomentar nuevas oportunidades de negocio en el sector digital y de las nuevas tecnologías en Andorra. Pretende también favorecer las condiciones para que inversores locales y extranjeros puedan impulsar sus actividades, creando un marco legal fuerte, seguro y que genere confianza. Tabla de contenidos: Regulación de espacios …

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