foreign investment

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Horitzó 23||andorra-horitzo-23

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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Foreign-investors

Requests from foreigners to invest in Andorra have increased

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Andorra has piqued the interest of foreign investors who want to establish themselves in the country during this very unusual year. So far in 2020, around 400 applications for foreign investment have been registered.   Remote working triggers requests The new situation caused by the coronavirus pandemic has resulted in the need to adopt new ways of working due to social distancing. A consequence of this is that remote working is becoming increasingly common, which, along with a more competitive …

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Foreign-investors

Foreign investment in Andorra grew in 2019

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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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tax-haven

Andorra is no longer a tax haven, but it still retains its investment appeal

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The days when Andorra featured on the EU list of tax havens are long gone. The legal tax reforms introduced in Andorra and the creation of a tax system that is equivalent to the European one have helped to remove the country from the black list. Nevertheless, our country is still a highly attractive option for foreign investment. Simple foreign investment If a company wishes to base itself in Andorra, it can be very easy to accomplish. Although companies must …

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Te ayudamos a crear una sociedad en Andorra

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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Sicav

SICAVs in Andorra: an alternative for tax savings

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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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Double taxation conventions

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Also known as DTC, double taxation conventions are agreements established between countries with the aim of preventing double taxation of the same taxable event in the same tax period. Andorra and the DTCs In 2013 Andorra signed its first bilateral double taxation agreement with France, which entered into force on 1 July 2015. The DTC with Spain was signed at the beginning of 2015 and entered into force on 26 February 2016. Andorra currently has eight international agreements to avoid …

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vivir-andorra

Living in Andorra

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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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