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The amount of cars, registered in Andorra, has increased by 25.8% in comparison to the corresponding period of the previous year

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 …

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Financial Intelligence Department of Andorra: after a new law “On Investments” was adopted in 2012, 26 out of 802 of analyzed requests were put to “black” list

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 …

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Within the bounds of Smart Country program Andorra intends to spend 1.5 mln euro to equip the territory of the Principality with rechargers for electric cars and bicycles

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 …

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“The Banker” magazine names AndBank the best private bank of Andorra

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 …

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The experts consider that after signing the agreement on double taxation exemption between Andorra and other countries, huge perspectives will be opened for the companies that decide to work abroad

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 …

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The tax model of Andorra after the implementation of income tax will remain maximum compatible in reference to other European countries, consider the specialists of Alfa Capital Advisors & Assessors consulting company

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, …

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OECD consider that the cooperation of Andorra with EU on the issues of tax info exchange can start from 2018

“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 …

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