In accordance to the Department of Statistics of Andorra for the last 12 months the amount of cars, registered in Andorra has increased by 25.8% in comparison to the given period of the previous year (2986 and 2374 automobiles correspondingly). In particular the amount of cars, registered in October of this year was 290 passenger …More
The Financial Intelligence Department (FID) of Andorra has published a report on the results of its activity in 2013. Particularly, the FID notes 141% growth of the amount of requests—from 305 in 2012 up to 802 in 2013. In accordance to the preliminary data of 2014, this index may increase twice. This is, first of …More
The level of unemployment in Andorra keeps on decreasing; it has diminished by 26.8% in comparison to 2013. Currently 750 persons in the Principality have got the status of unemployed, though in October 2013 this index was estimated to be 1024 persons. As the Minister for Finances Jordi Cinca puts it, such results evidently demonstrate …More
Next year FEDA (Forces Electriques d’Andorra) intends to invest 24.9 mln euro into modernizing of its services. This is by 3.7% more than the preplanned sum for 2014. 7.3 mln of this money will be invested in the reconstruction of old and building of new overhead electric lines; 4.2 mln will be spent for the …More
The Minister for Finances of Andorra Jordi Cinca announced the emission of new bonds for the sum of 100 mln euro. The deadline of filing the applications for bond purchasing (in any bank of Andorra) is December 1. The period of circulation is 18 months up to June 3, 2016.
It should be recalled that the …More
According to FT, British magazine “The Banker” named AndBank the best private bank of Andorra. In accordance to the statement of AndBank, the choice of the magazine was determined by such factors as “80 years of experience in private banking business, huge experience in asset management, growth and international expansion together with group diversification”.
In 2013 …More
After signing the agreement on double taxation exemption (CDI) between Andorra and other countries, huge perspectives will be opened for Andorran companies that decide to work abroad. First of all it will touch upon the countries that work with new technologies. Such opinion was expressed in the joint statement made by the President of Tax …More
Alfa Capital Advisors and Assessors—a company that provides consulting and audit services—conducted the research by the order of Banca Privada d’Andorra (BPA) concerning the implementation of income tax for individuals (IPRF) from 2015. This tax comes into effect on the territory of Andorra from 1st January, 2015.
The Director and partner of Alfa Capita Vladimir Fernandez, …More
“For the recent years Andorra has attained a significant progress in the issues of budget transparency”, claimed Pascal Saint-Amans, the Director of OECD (Organization for Economic Cooperation and Development) Tax Policy and Administration Center in his speech to the journalists. In accordance to his forecasts, Andorra will manage to start cooperation in the sphere of …More
Andorra and the Republic of Korea completed the agreement on tax information exchange between two countries at the ceremony that took place at Chinese embassy in Spain. The corresponding document was signed by the embassador of Andorra in Spain Jaume Gaytan and the embassador of Korean Republic in Andorra Park Hee Yeon.
The parties noted the …More