Investing in The Principality of Andorra
This section provides information for current and potential foreign investors in Andorra. Andorra approved a new foreign investment law (PDF 122K) in 2012 in attempts to attract more investment into the country. This is the first time that Andorra has opened its economy to foreign investment and trade. The new law allows for 100% ownership of any company or trading enterprise by foreign residents and non-residents alike.
Potential Investors: Getting Started
If you are considering investment in Andorra, here are some steps you may wish to consider as you get started:
Visit U.S. Government Resources on Andorra
- U.S. Relations with Andorra Page
- U.S. Department of State Andorra Page
- CIA Factbook on Andorra
- Andorra Investment Climate Report
- U.S. Census Bureau Foreign Trade Statistics
Visit Andorran Government resources for foreign investors:
- Government of Andorra
- Andorra Development and Investment Agency
- Government of Andorra-Ministry of Foreign Affairs
- Government of Andorra – Customs (including tax information)
- Government of Andorra-Department of Statistics
Visit other Andorran resources for foreign investors:
- Andorran Chamber of Commerce, Industry, and Services (CCIS)
- The CCIS produces several economic reports on Andorra. Click here to read the latest reports.
- The Andorran Financial Authority (AFA)
- Andorran Financial Intelligence Unit (UIF)
- The Association of Andorran Banks (Andorran Banking). The Andorran Banking produces a yearly financial report. Click here to read the latest published report
- Andorra Business Confederation
Contact the Embassy of the Principality of Andorra in the United States for further information or help regarding business in Andorra. Subscribe to our U.S. Consulate in Barcelona Facebook page or Twitter feed. Register with the U.S. Embassy through the Smart Traveler Enrollment Program (SMART).
Current investors: Staying Connected
If you are a current U.S. investor in Andorra, the U.S Consulate in Barcelona wants to stay in touch. Here are a few steps you can take to keep the channels of communication open:
- Set up a meeting with the U.S. Consulate in Barcelona to discuss any issues that arise.
- Add us to your mailing lists – we are always happy to stay informed
- Subscribe to our Consulate Facebook page or Twitter feed
- Register with the U.S. Embassy through the Smart Traveler Enrollment Program (SMART).
Working in Andorra
In this section you will find information on business visas, travel advisories, tourism, and anti-corruption tools.
For information on obtaining a visa to visit Andorra, visit the Andorra Government Ministry of Foreign Affairs for a list of the necessary documents.
Make sure to check the current State Department travel advisory for Andorra.
For information on overall activities available in Andorra, visit the Andorran Ministry of Tourism. To discover more information about accommodations, congresses, conference centers, and business services, visit the Andorran Convention Bureau.
The Foreign Corrupt Practices Act (FCPA) is an important anti-corruption tool designed to discourage corrupt business practices in favor of free and fair markets. The FCPA prohibits promising, offering, giving or authorizing giving anything of value to a foreign government official where the purpose is to obtain or retain business. These prohibitions apply to U.S. persons, both individuals and companies, and companies that are listed on U.S. exchanges. The statute also requires companies publicly traded in the U.S. to keep accurate books and records and implement appropriate internal controls. More information on the DOJ opinion procedure can be found here.
More information on the FCPA can be found here.
A party to a transaction seeking to know whether a proposed course of conduct would violate the FCPA can take advantage of the opinion procedure established by the statue. Within 30 days of receiving a description of a proposed course of conduct in writing, the Attorney General will provide the party with a written opinion on whether the proposed conduct would violate the FCPA. Not only do opinions provide the requesting party with a rebuttable presumption that the conduct does not violate the FCPA, but DOJ publishes past opinions which can provide guidance for other companies facing similar situations.