The principal objectives of the economic reform are to attract investment and businesses which can contribute most to Andorra’s economic development, offering greater diversification and contributing higher added value. Prior to 2008, when the first law on investment was approved, Andorra offered limited foreign investment opportunities largely due to concerns about the impact of foreign firms on such a small economy. As a consequence, non-citizens were allowed to own no more than 33% of a company. Only after residing in the country for a minimum of 20 years were foreigners entitled to own 100%.
Agriculture Products
small quantities of rye, wheat, barley, oats, vegetables, tobacco; sheep, cattle
