Living in Andorra

Economy

The economy of Andorra is largely based on tourism and banking. The country has been

successful in attracting visitors to its ski resorts and casinos, making it a popular

destination for travelers from all over the world. The country boasts a number of

attractions, from the ski resorts in the Pyrenees to the picturesque landscapes and

quaint villages.

Visitors flock to the country for its outdoor activities and unique cultural experiences. In

addition to tourism, Andorra also benefits from its close proximity to France and Spain,

allowing it access to both countries’ markets. The unemployment rate in Andorra is

relatively low, at around 3%.

Banking is another important sector of the economy. Andorra is known for its lenient

banking regulations, making it an attractive place to set up offshore accounts. The

country has a well-developed banking system, and many banks in Andorra offer

international services.

Many expats from neighboring countries choose to set up businesses in Andorra due to

the low tax rate offered for international companies. Starting a business here is not

particularly difficult, and the government is supportive of foreign entrepreneurs.

Language

Andorra’s culture is heavily influenced by its Catalan heritage. The official language of

Andorra is Catalan, but Spanish and French are also widely spoken.

increasingly becoming more common as a second language among the locals, making

it easier for expats to communicate with the locals.