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Offshore Banking In Andora |
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Written by OffshoreWorld
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Monday, 03 August 2009 |
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Information On Andorra's Offshore Banking System And Links
Country name: Andorra
Geographic location: Andorra, also known as the Principality of the Valleys of Andorra, is a small landlocked country 181 sq miles in size, located in western Europe bordered by Spain and France. Andorra la Vella is the country's capital city.
Official language: Catalan, while smaller portions of the population speak Spanish and French.
Languages commonly spoken in offshore banks: French and Spanish are the common languages used in the banking system.
Population: estimated population of 84,484 in 2008
GDP per capita: $38,800
Currency: Andorra uses the Euro as its currency.
Summary: Andorra is a better choice for sheltering personal income, than it is for businesses looking for offshore investment opportunities used to minimize their corporate tax burden.
Infrastructure and economy: Andorra has an abundance of hydro-electric power, supplying over 40% for its own electrical needs. Tourism and the status it has attained as a tax haven has fueled the country's growing prosperity.
Legal system: The legal system combines codification used by France and Spain. Andorra has a parliamentary representative democratic form of government, with a co-principality shared by the President of France and the Bishop of Urgell. The Prime Minister is head of government and of a pluri-form multi-party system.
The Parliament (General Council) has between 28 and 42 members of the legislative branch , known as Councilors. They each serve four-year terms. Half of the Councilors come from a single national constituency and the other half comes the seven administrative parishes, through elections. The Councilors elect a Prime Minister from their ranks.
Did you know? / Special services: At birth the people of Andorra have a life expectancy of 85 years. That is the highest life expectancy in the world.
Links to bank websites:
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Last Updated ( Friday, 19 February 2010 )
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