Investing in Andorra
In addition to the purchase, sale, and rental of exclusive properties in Andorra, another essential service that underpins And.immo’s business model is the management and coordination of real estate investment projects in Andorra. In this regard, our real estate agents are fully equipped to advise all investors looking to diversify their businesses by investing in the Andorran real estate sector, once the initial priorities have been defined. At And.immo, you will find the best real estate specialists who will provide expert advice with a commitment to service and a rigorous, personalized approach to identify the investment option that best suits your preferences.
Why Invest in Andorra?
In recent years, Andorra has continued its commitment to diversifying and firmly consolidating the country’s activities beyond its borders. The Principality is currently undergoing a process of expansion and international openness, which attracts various investors from around the world. By highlighting the economic, fiscal, financial, and quality-of-life advantages that Andorra offers, many high-level real estate investment projects have been realized within the country. Among the distinctive features that make Andorra an ideal country for real estate investment are the following:
1
Andorra, an Ideal Country for International Investment:
With the latest tax reform promoted in 2010, Andorra has achieved a new tax framework that allows the signing of double taxation agreements with major states. This measure has consolidated Andorra as an ideal country from which to operate internationally.
2
One of the Most Favorable Tax Policies in the World:
With highly competitive tax rates, Andorra’s current fiscal framework is now comparable to that of any European Union country. With the lowest VAT rate in Europe (4.5%), combined with an income tax rate ranging from 5% to 10%, and a corporate tax rate of 10%, along with deductions of up to 80% for strategic investments, it is undeniable that Andorra has one of the most favorable tax policies in the world.
3
Political and Legislative Stability:
Andorra, one of the world’s oldest countries, has historically maintained notable political and legislative stability. This is a fundamental factor for those interested in residing in Andorra to initiate an investment project.
4
An Unparalleled Environment:
With a privileged location nestled in the heart of the Pyrenees, between Spain and France, Andorra enjoys an exceptional natural environment with over 2,000 hours of sunshine per year. Additionally, the country boasts exemplary public safety and a high quality of life, with competitive wages (the average salary exceeds €1,900 per month) and top-tier healthcare and education systems.
5
A Country Open to Investors:
In recent years, Andorra has implemented several economic reforms to attract foreign investment and encourage companies to establish themselves in the country. This openness to investment is evident in the creation of businesses, which can now be 100% foreign-owned.
Investing in Andorra
As Europe gradually recovered from the economic crisis that occurred between 2008 and 2013, Andorran real estate agents have witnessed a significant increase in investment inquiries from both companies and individuals.
This improvement in the sector has led to a steady rise in property prices, particularly in the high-end market, making it an even more attractive proposition for investors. As prices increase, any investment made becomes further appreciated in value. Contrary to what one might think about a country with a surface area of 460 km², Andorra offers a wide range of investment opportunities. These range from investments in land and plots to new construction developments, restored traditional farmhouses (bordes), luxury ski-in apartments, and commercial properties located in the country’s main shopping districts.