Economic sectors

These regulations have allowed Andorra to adapt to the new innovation and digital transformation models and have made the country more competitive at an international level, therefore, more attractive to entrepreneurs.

Andorra has been studying its potential for growing cannabis for some years as a way to diversify the agricultural sector and its economy. The project on the cultivation of cannabis for therapeutic use will be completed by the end of 2022.

The annual report published by the Basel Institute of Governance positions Andorra as the country with the lowest risk of money laundering in the world

Electronic sports are going through their best moment in terms of notoriety, investment and followers. In this regard, Andorra is a great place for this type of business, with great Internet connectivity and an attractive fiscal framework.

Blockchain has become a keystone in the world economy and Andorradoes not want to be left out of this technological breakthrough that can bring much added value to the country. It is in this sense that…

During the second quarter of this year 2019, the Andorran economy has grown by 2.3%, above the growth rates recorded for France and Europe and on a level with the Spanish economy. These positive overall results are the result of strong dynamism in the service sector, the country’s economic pillar which, according to official data, represents 80% of the GNP.

From 1 July people of Andorran nationality and residents of the country with a nautical card issued in Andorra can crew vessels that are not registered in the Principality, whether private or hired. Through a decree-law, the Government has ended the obligation of crewing exclusively vessels with registration under the Andorran flag.

The film sector in the Principality of Andorra has grown in recent years, enabling Andorra to be presented abroad as an ideal location for audiovisual projects, among other opportunities. Conscious of the media coverage of these productions, the Government of Andorra has decided to offer a grant of €100,000, to be awarded to one film project.

Tax benefits of Andorra.