It gives us great pleasure to present our first edition of "Investment in Andorra", a practical guide describing the steps to follow to invest in Andorra; a country which, in recent years, has undergone important changes and adaptations to the reality and setting of Europe, which have allowed our small co-principality to be considered on the most interesting financial centres for investors and entrepreneurs.

Its geographical position in Europe, highly skilled workforce that easily adapts to the constant changes of a global environment, (a multilingual country where French, English, Spanish and Catalan are spoken) and important investments in R&D, new technologies and information systems and its investor-friendly government make Andorra an important potential centre of foreign investment.

The Principality of Andorra is currently identified as a strategy state for centralising and managing investment in Europe, in which we are immersed in a continuous process of modernising our institutions and enterprises, with a view offering all investors a legal, accounting and tax system that is comparable to those of neighbouring states.

It should be borne in mind that Andorra has economic, financial ans legal stability and a transparent institutional management system that allows it to offer investors a safe, stable setting. In particular, Andorra's economic and business sector is currently involved in a process of expansion and diversification, in which the tertiary and professional services sectors are the most relevant, along with tourism, trade and solvent financial system.