🇦🇩 Andorra

Andorra enacted a Digital Assets Law in 2022, establishing a licensing framework under AFA. The principality has favorable tax rates and seeks to attract crypto businesses.

Overview

StatusLegal
Risk Score30/100 (Moderate Risk)
Regioneurope
CurrencyEUR

Tax

Capital Gains (Personal)10% on crypto gains (general maximum personal income tax rate)
Capital Gains (Corporate)10% corporate tax
VAT on CryptoNo
Staking TaxNo specific guidance
Airdrop TaxNo specific guidance

Andorra has low tax rates with a maximum 10% personal income tax and 10% corporate tax, making it attractive for crypto investors.

Licensing

RequiredYes
RegulatorAFA
FrameworkLaw on Digital Assets (2022)
Easemedium
Cost$30,000 - $150,000

AFA oversees crypto licensing under the 2022 Digital Assets Law. Andorra is a small jurisdiction with limited capacity but attractive tax rates.

DeFi

Status: Unclear

No specific DeFi regulation

Stablecoins

Status: no_rules

No specific stablecoin framework

NFTs

Status: no_rules

No specific NFT regulation

Mining

LegalYes
Electricity$0.14/kWh
Renewable30%
Infrastructuregood

Mining is legal with moderate electricity costs and a decent renewable energy mix. Infrastructure supports mining operations adequately.

Geopolitics

Stabilitystable
SanctionsNo
Corruption Index70/100
Banking Accessopen

Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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