Jurisdictions - Andorra

2008 - Foreign Investment Law allows the opening up of 200 sectors of the Andorran economy to businesses and entrepreneurs from other countries. This was a step by the governments to aid Andorra's programme of reforms which are aimed at opening, modernising and diversifying the national economy.

Previously the limit was 33% however now foreigners can now hold 100% of a business in one of the 200 designated economic sectors, including industrial, e-commerce, and education and training.

2007 -  the parliament unanimously approved the business accounting law. The new law makes accounting obligatory for all companies.

Any business that generates more than EUR100,000 annually will have to file accounts with the government.

2004 -  Andorra was obliged to accept the EU's Savings Tax Directive.

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