News Andorra

Andorra has registered the highest labor force employment rate in the last 10 years. The employment rate is 83.0% of the population between 15 and 64 years of age, being the highest labor occupation rate in Andorra in the last 10 years. This represents an increase of 0.6 points when compared to the previous year or Q1 2023.

The growth of the last 3 years has led the Abast – ANDORRE INVEST group to move to larger premises in line with its volume of work, staff and clients. The new, modern offices are located in “La Torre” in Escaldes-Engordany.

As a matter of urgency, the Andorran government has approved the temporary suspension of investments in real estate with foreign capital. The measure is aimed at addressing the lack of affordable rental housing and preventing property speculation in the country. The new tax is expected to be ready in autumn, before the end of 2023. By the first quarter of 2024, the update of the law on foreign investment in Andorra should be presented.

El nuevo proyecto de ley de la lengua oficial en Andorra afectará alrededor de 3.000 personas con permiso de residencia y trabajo. Tendrán que acreditar conocimientos del idioma catalán al realizar la primera renovación de su permiso de residencia. Quedan fuera de esta obligación las personas con residencia por cuenta propia entre los que se encuentran los empresarios y Youtubers. Tampoco afectará a los que tengan residencia pasiva sin actividad lucrativa.

The residence permit for digital nomads in Andorra is a reality from 2023. There is an annual quota and requirements that the applicant must meet to opt for this type of residence in Andorra. Consult our advisors if you are interested in living and working in Andorra.

Each year, the Ministry of Finance of Andorra creates a Fiscal Control Plan, which groups together the actions to be carried out through the different government entities to ensure that taxpayers’ tax obligations are met.

The Andorran government increased the minimum income required to apply for family reunification in Andorra by amending the Regulations of the Immigration Service. The Andorran resident will have to prove that he/she has at least a monthly income equivalent to 100% of the salary for him/herself, 100% for each adult he/she wants to reunite and 70% for each minor.

From the summer of 2023, Abast – ANDORRE INVEST will serve its customers and collaborators at its new corporate headquarters, located in one of the most exclusive areas of Andorra, in the parish of Escaldes. Its new facilities will include an outdoor space for corporate events.

The minimum interprofessional wage in Andorra for 2023 increases, with respect to the second wage increase in May 2022, by 7%, bringing the minimum monthly wage to 1286.13 euros. With respect to the December 2021 wage, the increase for 2023 is 14%.