{"id":6038,"date":"2023-02-03T10:58:33","date_gmt":"2023-02-03T09:58:33","guid":{"rendered":"https:\/\/www.augelegalfiscal.com\/andorra-in-search-of-qualified-foreign-investments\/"},"modified":"2023-02-03T11:30:15","modified_gmt":"2023-02-03T10:30:15","slug":"andorra-in-search-of-qualified-foreign-investments","status":"publish","type":"post","link":"https:\/\/www.augelegalfiscal.com\/en\/andorra-in-search-of-qualified-foreign-investments\/","title":{"rendered":"Andorra: in search of qualified foreign investments"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6038\" class=\"elementor elementor-6038\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-551fa94d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"551fa94d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2445a197\" data-id=\"2445a197\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-29c88c elementor-widget elementor-widget-heading\" data-id=\"29c88c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #8f2b2f;color:#8f2b2f\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #8f2b2f;color:#8f2b2f\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.augelegalfiscal.com\/en\/andorra-in-search-of-qualified-foreign-investments\/#Andorra_in_search_of_qualified_foreign_investments\" >Andorra: in search of qualified foreign investments<\/a><\/li><\/ul><\/nav><\/div>\n<h1 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Andorra_in_search_of_qualified_foreign_investments\"><\/span>Andorra: in search of qualified foreign investments<span class=\"ez-toc-section-end\"><\/span><\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3aab7492 elementor-widget elementor-widget-text-editor\" data-id=\"3aab7492\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThere is no doubt that openness to foreign investments, which began in Andorra in 2012, has had a highly positive evolution and today represents 18% of the country&#8217;s GDP. There are various reasons for this success, that are beyond the competitive and homologated tax system. The quality of life in the country is incomparable in many senses, and this factor has invited many to choose this little country to be the country of their new residence. Nothing could predict a few years ago that Andorra would even consider stopping the arrival of new residents because of the oversaturation of demands and the effects it produced on the Andorran market. The lack of housing supply became the most exponent that has caused the native population to see the problem of finding a place to live even more aggravated, apart from the obvious inflationary effect of the demand being much higher than the offer.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3594a037 elementor-widget elementor-widget-text-editor\" data-id=\"3594a037\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tConsidering the situation, the Andorran Government has seen the obligation to react and to renounce the arrival of new foreign investors, who still are highly valued for the positive effects they have had on the Andorran economy. As a result, the regulations have been modified in a double sense. On the one hand, for investors who arrive to develop the digital economy, entrepreneurship and innovation, the regulatory framework was created to provide facilities and legal security. On the other hand, minimum economic conditions for the remainder, both for businessmen and for foreign beneficiaries, were updated by increasing the AFA deposit up to <strong>50,000\u20ac<\/strong> and for the others by increasing the minimum level of investments up to <strong>600.000\u20ac.<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2956c87f elementor-widget elementor-widget-text-editor\" data-id=\"2956c87f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tSpecifically, two new types of residence are created. One is for <strong>digital nomads<\/strong>, who do not need a specific geographic location to carry out their work, either on their own account or on behalf of others. The other type is <strong>visas for entrepreneurs<\/strong> \u2014authorizations from the Ministry of Economy for those cases in which the specific program for entrepreneurs was promoted by said Ministry. In some cases, there is an <strong>exemption<\/strong> from the 50,000\u20ac deposit and the minimum residence time in Andorra is reduced to <strong>90 days.<\/strong>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-702086e0 elementor-widget elementor-widget-text-editor\" data-id=\"702086e0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tConversely, in the case of non-profit residences, the minimum investment obligation is increased to 600,000\u20ac. There is a one special aspect in this matter, that if you choose to invest in <strong>real estate<\/strong>, it should have a value of at least <strong>400,000\u20ac.<\/strong> Precisely, this measure is aimed at avoiding speculation in certain real estate assets of lesser value and to favor that they remain accessible for the rest of the population. Additionally, the minimum amount to be invested is allowed to be 400,000\u20ac in the case of allocating an investment in the <strong>government\u2019s Housing Fund<\/strong>. Its objective is to build or rehabilitate homes at an affordable price for that part of the population that demands it.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-747f07b0 elementor-widget elementor-widget-text-editor\" data-id=\"747f07b0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tFor practical purposes, there are changes, perhaps with the most noticeable consequences, that increase AFA deposit from <strong>15,000\u20ac to 50,000\u20ac<\/strong> and increase the percentage of minimum capital up to <strong>34%<\/strong> for the rest of the cases. Also, to fit into the official modality for self-employed residents, entrepreneurs or businessmen, if they choose to bet on Andorra, are obliged to immobilize 50,000\u20ac, what in some cases could have dissuasive effects.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-480eacd elementor-widget elementor-widget-text-editor\" data-id=\"480eacd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tIn any case, we must understand that despite the traditional welcoming spirit of Andorra, mechanisms such as those described can become useful to select those cases in which the commitment to successful Andorran scene is truly firm and provides a differential value. Meanwhile, the authorities must continue to strive to promote new real estate policies that improve access to decent housing for the country&#8217;s population that needs it. Who knows if in the end, whether it is the public initiative and\/or the private initiative, national or international, this lack of housing supply can be solved, but it is clear that we must continue to pay attention to the needs of a citizenry that deserves it, despite where you came from, everyone contributes to making this wonderful country even greater.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6ae27c79 elementor-widget elementor-widget-text-editor\" data-id=\"6ae27c79\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<b>The Management<\/b>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-628abc4 elementor-widget elementor-widget-text-editor\" data-id=\"628abc4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #a22d58;\">Aug\u00e9 Legal &amp; Fiscal<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be6fa11 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"be6fa11\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>There is no doubt that openness to foreign investments, which began in Andorra in 2012, has had a highly positive evolution and today represents 18% of the country&#8217;s GDP. There are various reasons for this success, that are beyond the competitive and homologated tax system. The quality of life in the country is incomparable in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6032,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-6038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auge"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/posts\/6038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/comments?post=6038"}],"version-history":[{"count":1,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/posts\/6038\/revisions"}],"predecessor-version":[{"id":6039,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/posts\/6038\/revisions\/6039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/media\/6032"}],"wp:attachment":[{"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/media?parent=6038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/categories?post=6038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/tags?post=6038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}