The ISO code of Andorra is AD according to the ISO 3166 standard. The local name of the country is the same as its English name. Andorra capital city is Andorra la Vella. People in Andorra speak the Catalan language. On 7 September 1278, Andorra emerged as a sovereign political entity. In the year 09/07/1278, Andorra emerged as a sovereign political entity. The largest cities in Andorra are Andorra la Vella, Escaldes-Engordany, Encamp.
Andorra is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for Andorra is .ad. The International dialing code for Andorra is 376. People in Andorra drive on the right side of the road. Total land area of Andorra is 468 km² (approx. 181 mi²). Andorra is a landlocked country.
Andorra is located in Europe. Andorra is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Andorra faces various issues, including deforestation, overgrazing of mountain meadows that contributes to soil erosion, air pollution, wastewater treatment and solid waste disposal.
Doing business in Andorra
We offer various corporate services in Andorra jurisdiction. These services can serve both, people coming from Andorra and foreigners. If you plan on doing business in Andorra you might be interested in contacting us.
To find out about starting your business in Andorra click on company formation in Andorra.
To find out how to open a bank account in Andorra and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Andorra.
Choose preferred service below or continue reading to find out more about Andorra.
Demographics of Andorra
The total population of Andorra is 76,953 people. In Andorra, the population density is 179.8 people per square kilometer (468 per square mile). Because of this statistic, this country is considered to be densely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Andorra is 0.7139. Andorra has approximately 42082 foreign immigrants. The median age is approximately 42.4 years. In Andorra, 86.43 in every 100 people use internet. Andorra has a Human Development Index (HDI) of 0.83.
The majority religion of Andorra is Christianity, Andorra is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Andorra.
Culture of Andorra
People in Andorra speak the Catalan language. According to data on inbound tourists in Andorra, 2,335,000 tourists arrive in the country each year. The first McDonalds in Andorra was opened on 29 June 1984, and it was located in Andorra la Vella. One of the most popular national dishes of Andorra is escudella. To read more click on culture of Andorra.
Geography of Andorra
Andorra is considered to be a large nation because of its total area. Its total land area is 468 km² (approx. 181 mi²). Andorra is located in Europe. Its capital city is Andorra la Vella. Andorra has 2 neighbouring countries. Its neighbours include France, and Spain. Total length of land borders of Andorra is 118 kilometers (~46 miles).
The highest point of Andorra is Coma Pedrosa, with its official height being 2942 m (9,653 ft). Including land mass and EEZ, the total area of Andorra is approximately 468 km² (~181 mi²). The most notable natural resources found in Andorra are hydropower, mineral water, timber, iron ore, lead.To read more click on geography of Andorra.
Economy of Andorra
The currency of the country is euro. The symbol used for this currency is €, and it is abbreviated as EUR. 1.7% of population in the country are unemployed. The total number of unemployed people in Andorra is 1,308. Each year, Andorra exports around $0.07 billion and imports roughly $1.43 billion. The Gini Index of the country is 27.21. Andorra has a Human Development Index (HDI) of 0.83.Andorra has a government debt of 53.5% of the country's Gross Domestic Product (GDP), as assessed in 2012. Andorra is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are tourism (particularly skiing), banking, timber, furniture.
Each year, consumers spend around $2,118 million. The ratio of consumer spending to GDP in Andorra is 47%, and the ratio of consumer spending to the world consumer market is 0.0061. The corporate tax in Andorra is set at 10%. Personal income tax ranges from 0% to 10%, depending on your specific situation and income level. VAT in Andorra is 4.5%. To read more click on economy of Andorra.
Infrastructure of Andorra
In Andorra, 100% of the population has access to electricity. There are 28,383 internet hosts in Andorra.
To read more click on infrastructure of Andorra.
Politics of Andorra
Andorra, is a unitary parliamentary diarchy. With regard to political and civil freedoms, Andorra is 1. Citizens in Andorra experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Emmanuel Macron.
According to the World Bank Group, the government effectiveness index of Andorra is 1.68. This indicates that the government of Andorra is very effective. Citizens enjoy highly effective social, public, and civil services, and the overall morale in Andorra is high. Government actions are efficient and expeditious, and dangerous situations are highly unlikely as a result.In Andorra, the legislative power is vested in a General Council of Andorra. To read more click on politics of Andorra.
Environment of Andorra
Andorra emits 6 metric tons per capita of CO2. 160 km² of Andorra's territory is covered in forests. and forest land comprises 34% of all the land in the country. To read more click on environment of Andorra.
Company formation in Andorra
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Andorra.
When establishing a company in Andorra, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Andorra that will affect the establishment and growth of one's business. Contact us or click on company formation in Andorra to read additional information when setting up a business.
Bank account opening in Andorra
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Andorra. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Andorra, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Andorra or contact us.