Business For Sale Andorra | Business For Sale Listings
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Get to Know About Andorra
Andorra, a famous and safe country on account of the tax-free benefits it offers, is located amid France and Spain. It is a small principality famous for its scenic ski resorts. In Andorra, the tourism industry is very well developed and forms the backbone of its economy.
Andorra attracts millions of tourists every year, the main reasons being its beautiful ski resorts and also the duty-free benefits it offers its visitors. Tourism is responsible for creating a large number of employment opportunities here. The education system is also well developed with the government providing free studies up to the secondary level.
The favorable tax structure in Andorra attracts investors for doing business in Andorra and also by the banking privacy offered here. Another decisive factor is that Andorra has a track record of being politically stable, and crime rates are also meager. Its strategic location is also favorable for businesses as it is easily accessible to both European countries as well as North Africa, hence you will have access to a huge consumer market.
One main disadvantage for investors in Andorra would be the shortage of skilled workforce on account of the low population. Also, the skiing industry getting affected by climate change may impact investment in the tourism industry in the long run.