Andorra’s history shows that it is a country that has always managed to evolve and successfully reinvent itself. The country has gone from a society of 3,600 inhabitants during the interwar period, having an economic model based on agriculture and livestock, to becoming a prosperous country of approximately 70,000 inhabitants whose growth is based on trade, tourism and the financial sector.
Western world is facing a slow economic recovery and Andorra is no exception. The country has enjoyed from many decades of prosperity and now is going through a period of transformation. The liberalization of foreign investment, tax and trade harmonization with Europe and greater financial transparency and legal security are milestones that arerepositioning Andorra as a competitive international destination for investment projects and business. As far as foreign investment is concerned, figures are promising since the value of investments authorized in 2014 represented 4,5% of the Andorran GDP (official source: Actua).
In the current economic climate, and despite recent financial setbacks, interesting business opportunities arise from Real Estate, Retail, Health & Wellness to Business Acquisitions. Beyond the strong local market fuelled by 8 million of tourists each year, Andorra is a great window to invest and to operate abroad. It is also important to point out that the country is a perfect destination for those considering retirement, for rentiers or even families. The fiscal framework is very attractive indeed, together with a moderate cost of living, wonderful mountains, shopping, stability, safety and quality of life.
This is therefore a clear message to the international community encouraging investors, companies and individuals to bet for Andorra.
Andorra is looking forward to hearing from you.
Àngel Espar Bentanachs
