Having decided to set up business in Andorra or get Andorran residency, a foreign Investor might need the following government agencies, so they will come in handy.
Ministry of Foreign Affairs
This department is responsible for all foreign legislation, especially for foreign investors. They deal with;
-Legislation of documents
-International organizations
-International Cooperation and development.
Included are the following departments;
-Department of Cooperation (Direccio d’Afers Multilaterals I Cooperacio),
-Department of Bilateral and Consular Affairs (Direccio d’Afers Bilaterals I Consulars);
Ministry of Finance and Public Cooperation
The government body is in charge of all financial affairs, here are some of the departments under the ministry;
-Finance Department
-Department of Licenses
-Department of Statistics
-Department of Financial Control
-Department of Corruption Resistance
Ministry of Commerce
The Ministry of Commerce encourages economic developments by facilitating entrepreneurship, commerce and a protection of consumers. As a foreign investor, any legislation and regulation of your business will be done in this department.
Investment Promotion Agency
It is Andorra’s economic promotion and development agency. Promoting key sectors for the diversification of the economy, attracting and accompanying foreign and local investment, supporting Andorran companies to become more competitive, and facilitating the arrival of new companies in the country.
The Andorran Financial Authority
It is the supervisor of the financial, insurance and reinsurance system of the Principality of Andorra. The AFA is a public entity with its own equity, its own legal personality and has full capacity to act both publicly and privately, independently of the General Administration, in order to carry out the functions assigned to it in accordance with those established in the legislation in force.
Statistics Office
The body in charge of official statistics is to manage the Andorran statistical system. Through the planning, coordination and regulation of statistical activity, it provides objective, impartial information to public authorities, policymakers, economic and social agents and all other citizens.
$350,000
$1,400,000
$395,000
$375,000
$165,000
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