Ameer Hamza Butt 18102001-094

Department Bachelor of Business

Administration
Submitted to Dr. Mahmood Rehmani
Topic of discussion Statistical and descriptive detail on
the assigned Country.
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Andorra Specification
Country Name: Andorra
Capital City: Andorra la Vella
National Language: Catalan
Famous Element: Tobacco, and Tourism
Population: 77,294
Ethnic groups: Andorran 48.8%, Spanish 25.1%, Portuguese 12%,
French 4.4%, other 9.7%
Continent: Europe
Geographical Location: located in the eastern Pyrenees mountain range and
bordered by Spain and France. With an area of 468 km².
Total GDP in 2019: GDP in Andorra is expected to reach 2.90 USD Billion
by the end of 2020, according to Trading Economics
global macro models and analysts expectations.
Per Capita Income in 2019: $40,886
Total Exports (FOB): US$ 129 million
Total Imports (CIF): US$ 1,609 million.
Major Exports(2019):
 Andorra exported Monolithic integrated circuits, digital,
worth US$ 21,144.28 million.
 Andorra exported Dental fittings, net worth US$
12,081.84 million.
 Andorra exported Automobiles with diesel engine
displacing more , worth US$ 5,080.52 million.
 Andorra exported Cigarette paper in the form of booklets
or tube , worth US$ 3,757.90 million.
 Andorra exported Gold in oth semi-manufactured
forms,non-monetar , worth US$ 2,913.12 million.
Major Imports(2019):
 Andorra imported Petroleum oils, etc, (excl. crude);
preparation , worth US$ 103,141.88 million.
 Andorra imported Automobiles with reciprocating piston
engine digital , worth US$ 50,200.47 million.
 Andorra imported Perfumes and toilet waters , worth
US$ 47,869.91 million.
 Andorra imported Other perfumery, cosmetic or toilet
preparation , worth US$ 38,006.56 million.
 Andorra imported Automobiles with reciprocating piston
engine digital, worth US$ 33,716.24 million.
National game: Football
Most played sport in streets: Football, Soccer,Rugby,Basketball
Most popular sportsman: Ildefons Lima a football player after doing 11 goals
Form of government: Unitary parliamentary semi-elective diarchy

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Andorra Specification

Cultural comparison of Pakistan with Andorra

According to hofstede cultural dimensions, the cultural barriers slowly changes as we move
from border to border in parallel and horizontal direction. Pakistani culture and andorrian
culture can be comparable on the given bases.
Power distance
Andorra has a hierarchical society. This means that people accept a classified order in which
everybody has a place which needs no further explanation. Hierarchy in an organisation is seen
as reflecting essential disparities, centralisation is popular, juniors expect to be told what to do
and the ideal boss is a kind dictator.where as it is not possible to determine a preference for
Pakistan in this dimension.
Individualism
Pakistan is considered as a collectivistic society. This is apparent in a close long term assurance
to the member ‘group’, be that a family, or any other extended relationships. Faithfulness in a
communist culture is a dynamic thing, and over rides most other social rules and guidelines.
The society accepts strong relationships where everyone takes responsibility for companion of
their group. In communist societies badmouthing leads to disgrace and loss of expression,
employer/employee relationships are perceived in moral terms (like a family link), hiring and
upgrading decisions take reason of the employee’s in a group. And for Andorra, teamwork is
considered as something totally natural, employees tend to work in this way with no need for
strong motivation from Management.
Masculinity
There is an uncertainity of Pakistan having a preference to Masculinity of femininity. While
andorrians are educated in search of harmony, refusing to take sides or standing out. There is
a worry for weak or needy people that make a natural current of consideration. Regarding
management, managers like to refer their juniors to know their opinions and, according to it,
make their decisions. In politics, it is necessary to have participation of all the sections, trying
to avoid the leading presence of just one winning party. It is the country opposite to the saying,
who wins takes all.
Uncertainty avoidance
In andorra people like to have rules for everything, variations cause stress, but, at the same
time, they are obliged to dodge rules and laws that, in fact, make life more complex. Pakistan
has a high liking for avoiding uncertainty. In these cultures there is an passionate need for rules,
and the concept of time is money, people have an internal desire to be busy and work hard,
accuracy and regularity are the custom, innovation may be resisted, security is an essential
element in individual motivation.
Long term orientation
The culture of Pakistan cannot said to be specific about preferences. While in Andorra people
like to live in the moment, without a great concern about the future.

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Andorra Specification

Cultural affect along with challenges or more like regularities or facts to do

business in Andorra
Phone calls
If you are doing business in Andorra, and you are in Andorra, having a live or face to face
conversation is favored to one via Skype or a phone call. If you are not in Andorra though,
Skype will do just fine, however it is to remember that all final touch of paperwork is expected
to be signed in person with your Andorran associates.
Food & meetings
While doing business in Andorra, mostly with a long term customer, you may find that the
business gathering is set up at a restaurant. This is not because the Andorrans are usually hungry
nation. It is because food is a huge factor in Andorran life.
Don’t be arrogant
Nobody likes pride, and the Andorrans surely do not. If you come in with the feeling that you
are better than your business companions, no matter how dominancy or wealth you have, the
Andorrans will not bear it. The Andorrans respect confidence. But over self-assurance or pride
is completely improper.
Punctuality
If you’re doing business in Andorra, it’s likely to have a watch, and a daily plan. As such,
Andorrans expect that you will not ever be late to any of your meetings with them. In most
cases, they expect you to be early, somewhat than late.
Try some Catalan
Andorra is the only self dependent country (at the moment) who’s national language is Catalan.
Majority of the people in the country also speak French or Spanish, using even a few Catalan
words (hello, goodbye, thank you etc.) will go a long way.
Formality
Andorrans are a very strict group of people. If you are talking in Catalan to them, you should
always address them as vostès or vosaltres. Never referring to them as tu unless they suggest
that you can.
Don’t insult France or Spain
Andorra has strong connections with both nation’s main spiritual heads and leaders. These ties
between them lead to the successful business between them. So it is better to tolerate for using
offensive language against them during any business dealing or what so ever.
Why to invest:
If we overview the geographical position of Andorra, then investing in Andorra is one of the
finest decision for entrepreneurs already in the country and also for foreign businesspersons,
since the Country has incredible advantages. In one hand, financial and fiscal advantages that
are ideal for investors looking for new openings to grow their business. And on the other hand,
social benefits that make Andorra one of the countries with the finest quality of life in Europe,
which is why entrepreneurs not only wanted to do business in Andorra , but also desired to live
here.

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Andorra Specification
Investment in Andorra for foreign countries
Andorra has become the one of the favorite destination for overseas entrepreneurs to establish
their business. This country, for some years, has been devoted to the study and development of
lawful improvements, tax and worldwide agreements to become a system open to foreign
investment. Thus, foreigners wishing to invest in Andorra may set up companies, establish
businesses and attain any type of asset.
In order for a foreigner to set up a company, permission must be needed to processed for the
type of investment that he/she wants to do. When the investor has registered the company name
or the name we want to called by or she/he wishes to use, he can obtain the authorization of
foreign investment. In this case, the experienced ministry must ensure that this foreign
investment society does not let down free competition or the labor market. If you obey with all
the requirements established by law, the authorization to invest in Andorra and to be able to
establish a company must be issued within a period not exceeding one month and then you are
good to go.
Investment in Andorra for Local companies
The residents of the Country, to invest in Andorra or establish a company, only need to reserve
their registered name or companies name. Then, deposit the stake capital in any Andorran
banking sector, set up the business and list it in a public attorney and later in the Companies
Registry. You must also have a appropriate place to serve as marketable office, for example
contracting a virtual office, unless the depositor is a freelancer. In broad sense, financing in
Andorra gives the assurances to the employer secrecy and professional secrecy guaranteed by
Andorran law. In fact, the financial, legal and resident security of Andorra is guarrented by the
rest of the countries in Europe. And as the most eye catching feature for investment in the
country, the tax rates are the lowest of all compared to the whole europe. For example, the tax
or advantage of the companies is set to a extreme of 10%, depending on the commercial
initiation. Personal income tax or income tax can fluctuate between 5 and 10%, and value added
tax is only 4.5%.In any case, if you decide to take the step of setting up or moving your
company to Andorra, get in touch with us to receive the best legal services for companies in
the Country, and start your journey with peace of mind.

Major import and export  Narcotics and illegal drugs.

restrictions imposed by local
government:
Restricted items into Andorra
 Firearms and ammunition.
 Fireworks and explosives.
 Pornographic and obscene materials.
 Gambling equipment and gaming chips.
 Endangered species and their derivatives.
 Food restrictions include condensed milk 3kg,
fresh milk 6kg, butter 1kg, cheese 4kg, sugar
5kg, meat 5kg.
 Domestic animals may be imported under
certain conditions. Andorra requires that dogs,
cats and ferrets be vaccinated for rabies and
various other diseases between 30 days and 12
months prior to travel.

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Andorra Specification

References:
https://www.worldometers.info/worldpopulation/andorrapopulation/#:~:text=The%20current
%20population%20of%20Andorra,(and%20dependencies)%20by%20population
Europe :: Andorra — The World Factbook - Central Intelligence Agency (cia.gov)
https://en.wikipedia.org/wiki/Geography_of_Andorra
https://tradingeconomics.com/andorra/gdp#:~:text=GDP%20in%20Andorra%20is%20expect
ed,according%20to%20our%20econometric%20models
https://tradingeconomics.com/andorra/gdp#:~:text=GDP%20in%20Andorra%20is%20expect
ed,according%20to%20our%20econometric%20models
https://www.macrotrends.net/countries/AND/andorra/gdp-per-
capita#:~:text=Data%20are%20in%20current%20U.S.,a%207.26%25%20increase%20from
%202017
https://wits.worldbank.org/countrysnapshot/en/AND/textview
https://en.wikipedia.org/wiki/Football_in_Andorra
https://www.topendsports.com/world/countries/andorra.htm#:~:text=Football%20is%20by%
20far%20the,state%27s%20relatively%20small%20talent%20pool
https://en.wikipedia.org/wiki/List_of_Andorra_international_footballers#cite_note-rsssfapps-
5
Mamrud, Roberto. "Andorra – Record International Players". Rec.Sport.Soccer Statistics
Foundation. Archived from the original on 2011-06-29. Retrieved 30 September2018.
Wikizero - Andorra)
10 facts about doing business in Andorra! | Raptor Translations Magazine
Invest in Andorra - Invest from a Local or Foreign Company with Andorra (andorra-
advisors.com)
Source: https://visalist.io/andorra/customs
Country Comparison - Hofstede Insights (hofstede-insights.com)

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Andorra Specification

To get primary information I used to the sources given below

All rights are reserved Dr. Mahmood Rehmani

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Andorra Specification

All rights are reserved Dr. Mahmood Rehmani