Andorra is not a tax haven

Posted April 7, 2021 / No comments

The Council of the European Union has published on 22 February 2021 the revised list of non-cooperative jurisdictions for tax purposes, also known as tax havens. The changes to this list are based on the ratings published by the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes. For the purposes of

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Agreement to avoid double taxation between the Netherlands and Andorra

Posted January 4, 2021 / No comments

Since October 2020, Andorra has been an official member of the IMF. The member countries are organized in groups with mutual interests. Andorra applied to join the group led by Belgium and the Netherlands, due to the financial similarities they share. In November 2020, Eric Jover, Minister of Finance of the Principality of Andorra, met

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Have a company in Andorra while living in Spain

Posted December 3, 2020 / No comments

Thanks to new technologies, knowing what is going on in your company no longer depends on being there in person, but on having access to the information. Nowadays it is common to check bank accounts, sales reports, orders, accounts receivable, inventory, etc. from anywhere, simply by having a computer and an Internet access. For this

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Andorra becomes the 190th member of the International Monetary Fund

Posted November 5, 2020 / No comments

The Principality of Andorra becomes the 190th member of the International Monetary Fund (IMF). A process that began in January 2020, with the formal request of the Minister of Finance and Spokesperson for the Government of Andorra, Eric Jover, before this body. On the night of Friday, October 16, 2020, the instrument of ratification was

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Andorra increases the minimum wage for 2021

Posted October 27, 2020 / No comments

The Andorran executive has informed last Wednesday at a press conference, through his head of government Xavier Espot that the interprofessional minimum wage will increase by 3.5% as of January 1, 2021. This means that € 1121.47 will be paid per month / € 6.47 per hour. Espot has also indicated that this increase is

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Andorra advances with new agreements against double taxation

Posted September 16, 2020 / No comments

Andorra continues to work on foreign policy issues with new tax conventions to avoid double taxation. Andorran foreign affairs minister Maria Ubach has reported that the next agreements to be signed will be with the Netherlands, Belgium and Hungary. Currently the Principality of Andorra has signed agreements to avoid double taxation with the following countries:

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COVID19 – Residency in Andorra for professionals of the digital economy

Posted August 15, 2020 / No comments

COVID19 has the changed the lives of many. It is obvious that with the upcoming fall and winter months many are wondering how intense a potential second or ongoing wave will be and if lock-downs will be put in place once more. Andorra is no exception. This small country surrounded by mountain ranges with limited

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Foreign investment in Andorra on the rise

Posted July 21, 2020 / No comments

Andorra offers an interesting combination of attractive taxation with high quality of life. In recent years, Andorra has made important advances so that foreign investors see the Principality as a safe destination and in accordance with international laws for their business. Since the approval of Law 10/2012 on Foreign Investment in 2012, which allows 100%

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