Establishing Your Business in Andorra

Establishing Your Business at the Heart of Andorra's Digital Landscape

In Andorra, a realm of boundless prospects awaits businesses venturing into the digital sector. The principality positions itself as an optimal destination for technology-driven enterprises, particularly those delving into blockchain technology, the digital economy, and electronic sports (eSports).

Digital Prowess: A Catalyst for Economic Advancement

Committed to the diversification of its economy, the Andorran Ministry of the Presidency, Economy, and Business actively seeks foreign investments in innovation and disruptive technologies. Anchored by the Digital Economy Law, Andorra cultivates an environment conducive to technological startups. The law facilitates telecommuting, entrepreneurial visas, and the establishment of sandboxes and special economic zones.

Andorra Living Lab: A Nexus of Innovation and Collaboration

At the forefront of innovation, the Andorra Living Lab serves as a dedicated space for coordinating, researching, designing, and validating cutting-edge projects. Aligned with the United Nations' National Strategic Plan for the 2030 Agenda, the lab focuses on critical research themes, including tourism, innovation, energy, environment, mobility, and dynamic urban planning.

This ambitious initiative aims to develop big data platforms, harnessing vast sets of information to position Andorra as an international innovation hub. With a commitment to strategic interventions, Andorra Living Lab seeks to enhance the tourist experience, encouraging longer stays and increased spending.

Blockchain in Andorra: A Propitious Framework for Opportunities

The Andorran ecosystem offers an enticing fiscal environment for blockchain-related activities. A lack of wealth, inheritance, or gift taxes, coupled with a favorable capital gains tax rate of only 10%, renders Andorra an exceptional opportunity for businesses in this sector. This advantageous framework extends to various operations, from utilizing digital assets to creating programmable sovereign digital currencies and smart legal contracts.

Facilitating these operations, the establishment of AndorraDex or Andorra Digital Exchange (ANDEX) is pivotal. Through licenses and permits, it provides businesses with government pre-approval, enhancing security and transparency for end customers.

eSports: An Ambitious Strategy for a Thriving Sector

Pioneering legislation on electronic sports, Andorra stands as the first European country to do so. The government aims to establish itself as a global eSports reference by fostering the creation of businesses, leagues, and local clubs. Opportunities span from investments in professional training to the development of infrastructure capable of hosting international events.