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New legal context in Andorra favours foreign investment
Real Estate Market AndorraRadical changes to economic policy in the Principality of Andorra make this offer an irresistible opportunity for investing in a market with huge potential for expansion. Since 2011, Andorra is no longer regarded as a fiscal paradise by European authorities, Spain in particular. Andorra is therefore no longer on the so-called “black list” and has been opened up to foreign investment. Company tax stands at 12%, considerably lower than in other European countries.

The new legal framework favouring investment in Andorra was put in place last summer by law 10/2012, of 21 June, on foreign investment in the Principality of Andorra and published in the official bulletin (BOPA 33, 2012, 2842).

For the very first time, this new law on foreign investment enables:

- Direct investment of foreign capital in the Principality of Andorra. This means that the previous requirement of acting through a fiduciary is now obsolete.
- Restrictions on building new hotels and tourist projects are in place, BUT it is possible to purchase and invest in existing tourist establishments. The possibility of attracting foreign investment to Andorra opens up new markets and enables new businesses to be set up in the Principality.
- This development also means that potential investors may now make Andorra their place of residence.
posted by Marcelo Rolland
on February 15, 2013

     New legal context in Andorra favours foreign investment  New legal context in Andorra favours foreign investment  
Real Estate Market Andorra Real Estate Market Andorra:

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