New foreign investment authorised since the introduction of the new law accounts for 2.24% of GDP

Andorra la Vella - Source "Agència de Notícies Andorrana"

The Secretary of State for Economic Diversification, Josep Maria Missé, has stated the success of the Foreign Investment law (10/2012) approved on the 21st of June 2012 by stating that it represents 2.24% of the country’s GDP.

Mr. Missé went on to remind everyone that the new law allows foreigners to own 100% of their Andorran company. He also mentioned the hard work performed by all those involved. He detailed the role of the Actua initiative and how their “clusters” have motivated and informed those in attendance. These “clusters” are in “Health & Wellness”, “Innovation and New Technologies” and “Education”. It is understood that soon there will be one for “Sport and activities”.

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