For rent
Sant Julià de Lòria, Sant Julià de Lòria
To let – 447 m² of offices in Sant Julià de Lòria – Andorra
Offices
Andorra
ANDORRA BUSINESS
Andorra la Vella
3
Regions covered
Setting up a business in Andorra
Explore the unique opportunities Andorra offers for setting up your business. This rapidly growing microstate has transformed its economic model, attracting a growing number of investors from around the world.
Over the last decade, Andorra has undergone a major transformation, bringing its economic model into line with international standards of transparency. The country’s appeal lies in particular in its favourable tax regime, making it one of the world’s most attractive destinations for setting up a business.
By focusing its strategy on developing new, innovation-driven sectors such as sport, e-sports, biotechnology, healthcare, blockchain technology and digital technology, Andorra offers exceptional opportunities to businesses wishing to set up in the country. Andorra’s strategic diversification paves the way for fruitful partnerships and sustained growth for businesses ready to seize these innovative opportunities.
Living and Working in Andorra: An Exceptional Living Environment for Entrepreneurs
Andorra offers an exceptional living environment for entrepreneurs. This microstate, covering 468 km² and comprising 90% mountains, forests, rivers and lakes, stands out for its political stability, its multilingualism (Catalan, Spanish, French, Portuguese), and its unique social, cultural and natural environment, home to a cosmopolitan population representing over 100 nationalities.
With a strong international focus, Andorra is pursuing a programme of reforms aimed at opening up its economy to foreign investment, promoting tax cooperation and continually adapting its tax system. The growth of the expatriate community, up by 35% and including many artists and athletes, reflects the country’s growing reputation. With its membership of the International Monetary Fund and ongoing negotiations with the European Union, Andorra offers new economic opportunities.
The quality of life in Andorra is also reflected in its excellent education system, which offers free education across three different educational models, as well as international schools. The public health service is recognised for its efficiency, and public safety levels are amongst the highest in the world.
Ranked second in the world for the number of museums per square metre, Andorra offers a rich cultural life. With 5G coverage across all urban centres, 94% of households connected to fibre-optic broadband, and one of the lowest electricity prices in Europe, the country creates an economically attractive environment for entrepreneurs wishing to live and work in Andorra.
Andorra: Accessibility and International Connections
Andorra is situated between France and Spain, with good links to Barcelona (Spain) and Toulouse (France). Nestled in the heart of the Pyrenees, Andorra is accessible exclusively by road. From Spain, take the N-145; from France, choose between the N-22, N-20 or N-320 routes, passing through the Puymorens Pass and tunnel. These routes provide quick access to both countries thanks to an excellent road network.
The nearest railway station is in France, at L’Hospitalet-près-l’Andorre, just 11 kilometres from the border. Services from major French cities, notably Toulouse, ensure efficient connectivity. On the Spanish side, Lérida-Pirineus station offers high-speed train services from Madrid-Puerta de Atocha and Barcelona-Sants stations.
Although Andorra does not have an airport, several flight options are available to residents: Andorra-La Seu Airport (LEU), located in La Seu d’Urgell, offers flights all year round. The Spanish airline Air Nostrum operates commercial flights to various destinations in Spain, including Madrid, offering international and intercontinental connections.
In addition, Andorra is close to several international airports, all situated within a 200-kilometre radius. These include Toulouse-Blagnac (TLS), Carcassonne (CCF), Perpignan (PGF), Girona-Costa Brava (GRO), Barcelona-El Prat (BCN), Reus (REU) and Alguaire (ILD), all of which facilitate international travel.
Several agreements have been signed between Andorra and the European Union, including a customs agreement, in force since 1991 (excluding agricultural products), and an agreement on the automatic exchange of information on financial accounts, signed in February 2016, which incorporates the relevant OECD standards.
What are the advantages for companies in Andorra?
Andorra is attracting an increasing number of investors, with foreign direct investment (FDI) accounting for 12% of GDP in 2023. This success is attributable to several key factors. Firstly, the country’s favourable tax regime, ranked amongst the most attractive in the world, is a major factor. Indeed, with VAT at just 4.5% and tax rates capped at 10% for both corporate and personal income, Andorra offers a highly competitive tax environment.
Furthermore, the Principality benefits from extensive broadband connectivity and electricity tariffs that are among the most affordable in Europe, making it a prime choice for businesses looking to set up operations. The ongoing negotiations for an association agreement between the Principality of Andorra, Monaco and San Marino and the European Union, which began in March 2015, reinforce its plans to open up the country and are of significant bilateral importance.
In October 2020, Andorra joined the International Monetary Fund, leading to negotiations with the countries in its group to establish more favourable tax treaties. It is worth noting that Andorra belongs to the Belgian-Dutch group, the fourth largest in the IMF.
Ranked amongst the world’s best countries for investment, Andorra offers lucrative opportunities for setting up or acquiring businesses, with attractive returns across various sectors such as business, property, investment portfolios, etc. The average wage of €2,672.52 and the minimum wage of €1,568.67 also contribute to an attractive level of purchasing power, thereby strengthening the Principality’s overall appeal to foreign businesses and investors.
What are Andorra’s strategic projects?
Andorra is firmly committed to promoting the digital economy, entrepreneurship and innovation, thereby creating an environment conducive to the emergence of new ideas and the growth of technology-focused businesses.
One of Andorra’s major strategic projects centres on its ambitious goal of energy self-sufficiency. Currently standing at 22%, the plan for 2030 targets 33%, and by 2050, the aim is to reach at least 50%, or even 80%. This focus demonstrates the country’s commitment to sustainability and the responsible management of energy resources.
Furthermore, the country offers exceptional facilities for the storage and handling of goods under a duty-suspension regime. This approach facilitates the internationalisation of the commercial sector by offering flexibility in re-export.
Andorra is improving its accessibility with the construction of a national heliport currently underway, strengthening the country’s connectivity and facilitating business travel, which opens up new opportunities for companies wishing to establish a presence in the region.
Andorra is also fully embracing the digital age with the establishment of the Data Office, offering significant opportunities for businesses focused on data management and analysis. Furthermore, the Andorra Living Lab initiative provides a dedicated space for the coordination of innovation projects, research, design and validation, involving all stakeholders in the ecosystem. This collaborative approach fosters the development of new products and services whilst encouraging the adoption of new technologies and in-depth reflection on them.
Andorra recently unveiled the National Plan for Innovation and Diversification, a government-led strategy aimed at transforming the country’s economic model and reducing its dependence on traditional sectors by developing high value-added activities based on technology, research and knowledge.
The plan provides for a gradual increase in public investment in innovation, rising from around 1% of the national budget to some 7 to 8% over the next decade, with the aim of attracting talent, supporting start-ups and consolidating an innovation ecosystem that is competitive on an international scale. The plan centres on hyper-specialised sectors considered strategic for economic diversification, such as technology applied to healthcare and the life sciences, the nature- and sport-related economy, and sustainable construction, whilst fostering collaboration between the public sector, businesses, research centres and universities.
With its bold vision and ambitious strategic projects, Andorra is positioning itself as a place conducive to business growth and prosperity, offering a favourable environment for innovation and economic development.
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Key sectors in this territory
The industries where the territory concentrates talent, research and established companies. Select a sector for the detail.
Digital, blockchain & e-sports
Establishing a Digital Business in Andorra
In Andorra, there are vast opportunities for innovation and growth for businesses in the digital sector. Andorra is positioning itself as an ideal location for technology-focused businesses, particularly in the fields of blockchain technology, the digital economy and e-sports.
Digital Technology: A Catalyst for Economic Development
The Andorran Ministry of the Presidency, Economy and Business is committed to diversifying the country’s economy by attracting foreign investment focused on innovation and disruptive technologies. Andorra promotes innovation and entrepreneurship within the context of the digital economy, notably through the Digital Economy Act. This law creates an environment conducive to the development of tech start-ups by introducing measures such as support for remote working, entrepreneurial visas, and the creation of sandboxes and special economic zones.
Andorra Living Lab: Hub for Innovation and Collaboration
Andorra Living Lab is a dedicated space for the coordination, research, design and validation of innovative projects. This laboratory serves as an exceptional platform for fostering synergies within Andorra’s entrepreneurial ecosystem. Operating in line with the National Strategic Plan for the United Nations 2030 Agenda, Andorra Living Lab focuses on key research areas such as tourism, innovation, energy, the environment, mobility and dynamic urban planning.
The objectives of this ambitious organisation include the development of big data platforms to understand, utilise and capitalise on these vast sets of information. It also aims to devise innovative concepts designed to make Andorra an international hub for innovation. Andorra Living Lab is committed to developing strategic initiatives to enhance the tourist experience, encouraging visitors to return more frequently, extend their stays and increase their spending.
Blockchain in Andorra: A Framework Conducive to Opportunities
The Andorran ecosystem offers a highly attractive tax environment for activities related to blockchain technology. The absence of wealth, inheritance or gift taxes, combined with a favourable capital gains tax rate of just 10%, makes Andorra an exceptional opportunity for businesses in the sector. This favourable framework covers a wide range of operations, from the use of digital assets to the creation of programmable sovereign digital currencies and smart contracts.
This favourable tax regime extends to a wide range of activities, including the use of digital assets and tokens, the issuance of programmable sovereign digital currencies (DDSPs) or central bank digital currencies (CBDCs), decentralised finance, stablecoins as units of digital value, smart legal contracts, and governance systems. To centralise the buying and selling of these assets, the creation of AndorraDex or the Andorra Digital Exchange (ANDEX) plays a crucial role by establishing licences and permits, offering businesses the opportunity to obtain prior authorisation from the government, thereby enhancing security and transparency for end customers.
eSports: An Ambitious Strategy for a Rapidly Growing Sector
Andorra is positioning itself as a pioneer in Europe by adopting a specific law on eSports, recognising them as a driver of economic diversification. The country is developing a structured ecosystem that fosters the creation of leagues, clubs and events, and supports the internationalisation of projects through subsidised programmes.
The video game culture is booming there, with initiatives such as the Esports City League attracting talent, businesses and investors. Andorra also stands out for its fusion of physical and digital sports, exemplified by the success of ACA eSports, which integrates sim racing and sim cycling within a federation-based structure.
Thanks to its natural landscapes and technological ambition, the country is organising hybrid events combining nature and digital sport, thereby cementing its role as a global leader in digital sports innovation.
Health & biotech
The Health and Biotechnology Sector in Andorra
Andorra is establishing itself as a leader in innovation in the fields of healthcare, biotechnology and immunology. Its internationally recognised healthcare system contributes to one of the highest life expectancies in the world, underpinned by excellent air quality for most of the year. Through major initiatives and investments, the country offers an environment conducive to the development of innovative projects in these sectors, supported by comprehensive infrastructure, including a main hospital, 11 primary care centres, as well as centres specialising in sports medicine, clinical analysis and aesthetics.
The Health and Wellbeing Sector in Andorra
Andorra offers a wide range of wellness and spa treatments. From yoga classes to massages, osteopathy and sports medicine, the range of services is aimed at both individuals and businesses in the sector wishing to thrive in this dynamic region. The wellness offering is also centred around iconic venues and more than ten hotels with spas, which complement an ecosystem conducive to health and wellbeing, even though the hotel and spa sector is excluded from the contract.
Andorra’s innovation-friendly environment, combined with its international clientele and modern facilities, provides fertile ground for businesses in the health sector. This dynamic environment, coupled with an innovation-focused approach, offers unique opportunities for business development.
Andorra Health Destination: An Integrated Hub for Health and Wellbeing
Beyond its research-friendly environment, Andorra Health Destination stands out as a dynamic consortium of Andorran businesses dedicated to wellbeing, sports tourism and family enrichment. This pioneering association has developed a varied range of services, tailored to a wide range of needs, to deliver services in a synergistic manner.
The centres affiliated with this initiative bring together leading experts and qualified staff, covering fields ranging from medicine to beauty and wellbeing. The services on offer range from regenerative medicine to sports medicine and holistic therapies, ensuring harmonious experiences for visitors.
Andorra, Centre of Excellence in Biotechnology and Immunology
Positioned at the heart of innovation in biotechnology and immunology, Andorra offers an attractive environment for investors seeking to contribute to and thrive in the field of cutting-edge scientific research. The Andorran biopharmaceutical company Cellab CDMO, certified as a manufacturer of advanced therapy medicinal products in accordance with GMP (Good Manufacturing Practice) standards, benefits from a competitive tax regime and innovation support schemes provided by the Government of Andorra. The exceptional quality of life, the stability of the healthcare system and the high-performing infrastructure make the country a partner of choice for ambitious projects in these sectors.
For further information: https://cellab.com/
Sport & leisure
Setting up your business in the sports sector in Andorra
Sport plays a central role in Andorran identity, being recognised as a sector of national interest and contributing 7.7% to GDP. It is now a dynamic sector, comprising 105 companies generating more than 2,250 jobs, with an estimated turnover of between 210 and 230 million euros.
High-quality facilities and high-altitude training conditions attract elite sports teams and renowned professionals, who make full use of the country’s infrastructure to prepare for their seasons. The Andorra Sports Cluster, established in 2018, brings together 80 members from the public and private sectors with the aim of improving the country’s competitiveness and fostering innovation in the sports sector.
By choosing to establish your business in Andorra, you will benefit from a dynamic, well-structured and innovative environment, conducive to the development of your activities in the sports sector.
For further information: https://www.andorrasportshub.com/
An international calendar and a direct economic impact
Andorra is making its mark on the international stage by regularly hosting major sporting events such as the MTB World Cups and stages of the Tour de France and the Vuelta a España. These competitions have an estimated economic impact of 15 million euros and attract over 80,000 visitors, boosting the country’s international profile.
Modern facilities enable a wide range of winter sports to be practised, whilst the summer climate offers opportunities for hiking, horse riding, trail running and mountain biking.
An ecosystem connected to global innovation
Far from being limited to traditional sports, Andorra is developing a unique ecosystem with strong international links: partnerships with Microsoft’s Global Sports Innovation Centre (GSIC), EPSI EU and Lahti Sports Hub, as well as the establishment of the Andorra Living Lab.
The Andorra Living Lab is a hub for coordinating innovative projects, research, design and validation. It involves all stakeholders in the ecosystem to foster the development of new products and services, encourage the adoption of new technologies and promote in-depth reflection on their use. This framework fosters synergy between social, technological and entrepreneurial innovation, facilitating the creation of networks of talent and forward-looking solutions.
A fertile ground for sports medicine companies
Andorra also offers an ideal environment for the development of sports and health-related activities, with the presence of specialist clinics and recognised sports medicine experts. The services on offer range from state-of-the-art diagnostics to innovative treatments and rehabilitation programmes.
Thanks to an integrative approach combining traditional medicine, physiotherapy, osteopathy and chiropractic, the country provides a favourable environment for the development of cutting-edge technologies in the field of musculoskeletal health and wellbeing.
Andorra: A prime gateway for investment in European eSports
eSports, regarded as a strategic sector by the Andorran government, are experiencing rapid growth. Andorra is the first European country to have officially regulated this sector through an eSports Act, which recognises it as a driver of economic diversification for the country. This pioneering stance reflects a clear commitment to becoming a global leader in digital innovation applied to sport.
The country is establishing a dynamic and structured ecosystem that supports the creation of local leagues, clubs and events, and offers subsidised support programmes to help projects expand internationally (for example via 4YFN or OWN Valencia).
The video game culture is growing rapidly there, with initiatives such as the Esports City League helping to make Andorra a magnet for talent, businesses and investors.
At the same time, Andorra stands out for its ability to blend physical and digital sport, epitomised by ACA eSports, a success story in the integration of sim racing and sim cycling within a genuine federative structure. This organisation is developing a platform for training, competition and talent scouting with international visibility.
With its landscapes ideal for traditional sports (cycling, trail running, skiing) and its ambition to link these with digital sports, Andorra is paving the way for the creation of hybrid events combining nature and technology.
Support and incentives
Public schemes and support available on this territory. Select a scheme for the detail.
Tax benefits
Favourable tax regime and economic appeal in Andorra
Andorra is emerging as a prime destination for investors, with foreign direct investment accounting for 12% of GDP in 2023. The country offers one of the most favourable tax regimes in the world, which is a key factor for businesses considering setting up operations there.
Competitive tax regime
Andorra’s tax appeal is based on a VAT rate of just 4.5% and corporate and personal income tax rates capped at 10%. This unique feature, combined with an exceptional social and natural environment, as well as a well-established economic and financial model, makes it a highly competitive environment.
Openness to foreign investment
Andorra actively encourages foreign investment, with a programme of reforms focused on opening up its economy. Tax coordination and cooperation are at the heart of these reforms, fostering a business-friendly environment. Furthermore, the country promotes innovation through collaborative projects with internationally recognised organisations.
Tangible tax advantages
The country offers a favourable tax framework with no wealth tax, inheritance tax or gift tax. Capital gains are subject to personal income tax (IRPF), and tax rates on corporate and personal income do not exceed 10%.
Tax treaties and exchange of information
Andorra has established eight double taxation agreements, a crucial factor in attracting new investors. These agreements facilitate the establishment and operation of a business by preventing the same tax from being paid twice. Negotiations are currently underway to extend these treaties.
International partnerships
Andorra has entered into tax treaties with several countries, including the United Arab Emirates, Spain, France, Luxembourg, Croatia, Belgium, Liechtenstein, Malta, San Marino, the Czech Republic, Monaco, South Korea, Portugal, Cyprus, Hungary, the Netherlands and Iceland.
Exchange of tax information
The Principality of Andorra is fully committed to the exchange of tax information. Since 2009, it has signed agreements on the exchange of tax information with 24 countries, including Germany, Argentina, Australia, Austria, Belgium, Denmark, Spain, Finland, France, Italy, Liechtenstein, Monaco, Norway, the Netherlands, Poland, Portugal, the Czech Republic, the Republic of Korea, San Marino, Sweden and Switzerland.
Closer ties with the European Union
Andorra is currently negotiating an Association Agreement with the European Union, which represents a significant step towards closer ties with the European market and the EU framework.
Andorra offers a favourable tax environment, underpinned by international treaties and a strong commitment to tax transparency, positioning the country as a prime destination for businesses seeking to establish themselves in a framework conducive to growth.
Innovation grants (R&D&I)
Innovation grants in Andorra: a boost for your R&D projects
Andorra Business supports the establishment in Andorra of high value-added businesses whose projects contribute to the country’s economic diversification. The programme targets innovative investment projects that utilise new technologies and skilled human resources, and which represent a step forward, a new development or an innovation compared with existing knowledge and practices.
For the 2026 round, the available budget amounts to€1,000,000.
Which companies are eligible for funding?
The programme is aimed at companies and entrepreneurs based abroad who wish to carry out a new strategic, high-value-added investment project in Andorra.
Projects must have an impact on the country’s economic diversification and relate to an innovative activity or a technological innovation.
In particular, applicants must be up to date with their tax obligations in their country of origin, must not be in a state of bankruptcy or insolvency, and must comply with the conditions set out in the programme’s regulatory framework.
Priority sectors
The sectors identified as priority, strategic or hyper-specialised are:
- health and wellbeing;
- biotechnology;
- sport;
- audiovisual;
- digital entertainment;
- digital technologies;
- sustainable construction.
What expenditure is eligible for funding?
Funding may cover expenditure directly related to the project, including, in particular, research, development and innovation (R&D) activities.
- Labour costs: technical or research staff involved in the project.
- Machinery and equipment: production tools, laboratories or technologies required for the development of new solutions.
- Intangible assets: software, patents or licences related to the project.
- Consumables: items used during the R&D phase.
- Infrastructure: specific spaces or facilities intended for carrying out innovative activities.
- Other expenditure: expenditure directly related to the project.
All expenditure must be duly justified, itemised in the budget and clearly aligned with the project’s objectives.
What is the amount of the grant?
The amount of the grant is determined by the Board of Directors of Andorra Business, based on the project submitted.
The entire available budget may be allocated to a single company. Where the final cost of the project is lower than the budget initially submitted, the amount of the grant is reduced proportionally.
What are the selection criteria?
Grants are awarded through a competitive selection process.
Projects are assessed according to several criteria:
- their impact and contribution to Andorra’s economic diversification;
- their relevance to strategic and hyper-specialised sectors;
- the quality of the jobs created or safeguarded;
- the volume and quality of direct and induced investment;
- the level of innovation and the project’s competitive impact;
- the technical, economic and financial capacity to carry out the project;
- cooperation developed with companies or entities based in Andorra;
- the use of local suppliers.
To be eligible for funding, the project must score at least 300 points.
How to apply?
Applications must be submitted via the online form provided by Andorra Business and signed using a digital signature issued by the Government of Andorra.
The deadline for applications is 15 September 2026.
The application must include the information and documents requested in the form, as well as a sworn statement confirming, in particular, compliance with the eligibility criteria and that no other funding has been applied for or received for the same expenditure.
If the application is incomplete, the company has five calendar days from the date of notification to submit the missing information.
For further information on these grants, please visit the Andorra Business website
Available sites with ANDORRA BUSINESS
For rent
Escaldes-Engordany, Escaldes-Engordany
To let – Offices in a co-working space in Andorra
Coworking spaces
For rent
Andorra la Vella, Andorre-la-Vieille
To let – Offices in a 1,000 m² co-working space in Andorra
Coworking spaces
For rent
Andorra la Vella, Andorre-la-Vieille
To let – Offices in a 1,600 m² co-working space in Andorra
Coworking spaces
For rent
Andorra la Vella, Andorre-la-Vieille
To let – Offices within a 1,000 m² co-working space in Andorra
Coworking spaces
For rent
Andorra la Vella, Andorre-la-Vieille
To let – Offices and co-working spaces in Andorra: from shared desks to private offices
Coworking spaces
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