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Exemption from the 50.000 € payment for digital economy and innovation projects
We assess whether your project meets the criteria for your company to be classed as a promoter of the digital economy, entrepreneurship or innovation, and we prepare the application that exempts it from the 50.000 € payment generally required for self-employed residence. A little-known route, but highly valuable for tech startups.
Let’s talk about your caseWhat’s included
- Assessment of whether the project fits the digital economy and innovation criteria
- Preparation of the project’s technical report
- Submission of the application to the competent body
- Follow-up of the file and responses to requests for information
- Fitting the exemption into the financial plan, including the scenario in which it is not granted
What we need from you
- Technical report on the project and its innovative component
- Business plan and activity projections
- Company documents or the incorporation plan
Frequently asked questions
- What counts as digital economy or innovation?
- Activities with a genuine technological or innovative component, not a conventional business that happens to use the internet. The assessment is made by the competent body and leaves room for interpretation: that is why the project report carries so much weight.
- What happens if the exemption is refused?
- The project goes ahead through the ordinary route. You do not lose the deal, you lose the benefit, and it is wise to allow for that in the financial plan from the outset.
- Can you apply after incorporating the company?
- Yes, in fact you apply once the company has been incorporated. But it must be granted within the quota reservation period, because it is submitted with the residence application, so it is best to prepare it from the outset.
- How do you prepare a convincing project report?
- By explaining what problem the project solves, with what technology and why it is innovative in the Andorran context. Reports that fail tend to describe the business well and its innovative component only in passing, which is precisely what is assessed.