Smartinvestment. Investing money in Andorra

[Irina Rybalchenko]

Best business to do in Andorra

Smartinvestment. Andorra: investing money

After the adoption of the law 10/2012 “On Investments”, which allowed non-residents to become 100% owners of companies, Andorra joins the list of the best countries for doing business in. After only three years of the law being adopted, according to the International Living Index, Andorra is on the list of the 15 countries with best business conditions.

At present, the tax burden on businesses in Andorra is one of the lowest in Europe. Corporate income tax is 10% with the possibility of a reduction of up to 2%. In Andorra, there is a fixed VAT rate of 4.5% which is also one of the lowest in Europe.

The rate of income tax for the population in Andorra is fixed at 10%, which is also one of the lowest in Europe. If the taxpayer’s income per family is not more than 24,000 euros per year, he may NOT pay income tax.

The State Secretary of the Government of Andorra on economic development, Josep Maria Misse, reported to all-andorra.com: “by 2016 the Government of Andorra had already received 1,380 applications for investments in the amount of 193 million euros. Applications worth 175 million euros were approved”. Some companies have already been established and have started working, and by now about 91,000,000 euros have been invested in the Andorran economy. The main investments, according to Josep Maria Misse, in the amount of about 60% came from Spain and France for the first 5 years. However, 20% of investments of this size began to come from Switzerland and Germany in 2015. 

Look for more information: https://all-andorra.com/invest-in-andorra-100-liberalization/