About Andorra

Andorra offers a reliable banking system, a resilient economy and political stability. A moderate tax system and a high level of personal safety create a comfortable environment for living and doing business.


LIFE IN ANDORRA
  • Safety and quality of life. Andorra offers a high quality of life in a safe, stable and well-organised environment. The country combines modern infrastructure, high-quality public services and close proximity to nature, creating comfortable conditions for both living and working.
  • An international and multilingual environment. Andorra is a cosmopolitan country with a multilingual population and a strong international outlook. Catalan is the official language, while Spanish, French and English are widely used in everyday life, business and education.
  • Education. Andorra offers several education systems, including Andorran, Spanish, French and British schools. Education is compulsory from the age of 6 to 16, while private international schools provide additional educational options. Skiing is also integrated into the school curriculum as part of physical education.
  • European location. Located between France and Spain, Andorra provides convenient access to major European cities and international airports. Barcelona and Toulouse can be reached within a few hours, while the Mediterranean coast and major French and Spanish destinations are also easily accessible.
  • Nature and active lifestyle. The country’s mountainous landscape and natural environment create exceptional opportunities for outdoor activities throughout the year. Skiing, hiking, cycling and other mountain sports are an integral part of life in Andorra.

BUSINESS
  • A stable and diversified economy. Andorra has a stable and diversified economy based primarily on tourism, trade, financial services, construction and other service sectors. The country continues to develop its infrastructure and business environment while strengthening its integration with the European economy.
  • A competitive tax environment. Andorra maintains a competitive tax environment. The general corporate income tax rate is 10%, while the maximum personal income tax rate is also 10%. The general IGI rate is 4.5%. The effective tax burden depends on the applicable tax base, deductions and individual circumstances.
  • International business environment. Andorra provides a regulated and increasingly international business environment, with access to European markets and a legal framework designed to accommodate both local and international businesses.

POLITICS AND FINANCE
  • An independent European state. Andorra is an independent European state and is not a member of the European Union. At the same time, the country maintains close institutional and economic relations with the EU and is moving towards a special partnership framework through the Association Agreement with the European Union.
  • A modern banking system. Andorra has a modern and regulated banking sector offering services for individuals and businesses, including current accounts, wealth management, investment services and financing. Andorran banks are integrated into the European SEPA payment system and operate under national and international regulatory standards.
  • International tax transparency. Andorra applies international standards of tax transparency and the automatic exchange of financial account information. The country’s financial sector operates within an increasingly integrated European and international regulatory framework.
  • A regulated investment environment. Foreign investment in Andorra is subject to a specific regulatory framework. Depending on the type of investment, non-residents may be required to obtain prior authorisation, including for certain investments in companies and real estate.
  • International compliance standards. Andorra applies international standards in the areas of anti-money laundering and counter-terrorist financing and cooperates with relevant international institutions in maintaining the transparency and integrity of its financial system.