Hire your remote team in Andorra

Only 499 EUR per employee per month

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Hiring a remote team in a country as Andorra comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Andorra. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

A remote team

1. Hire a remote team in Andorra with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Andorra, particularly if you don't have established local relationships. You can hire employees in Andorra effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Andorra.

As an employer of record, we help you hire employees and run payroll services in Andorra, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Andorra.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Andorra or individually hire remote employees in Andorra, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Andorra services can best help your company!

3. Hire a remote team in Andorra

Andorra has a sophisticated marketplace economy driven by the financial, retail, and tourist industries. Andorra is permitted to keep rate variations from other EU nations, so visitors may enjoy duty-free shopping. For the first time, the Andorran government revealed the findings of the labor force survey in 2017. Andorra has a low unemployment rate of 1.7 percent when compared to neighboring nations, putting it in a favorable position. In 2016, the unemployment rate in Spain was 17.3 percent, whereas it was 9.4 percent in France. This positive figure is strongly tied to the progressive growth in the number of workers and earnings, as well as the large decline in the number of persons registered with the labor administration. Other noteworthy indications are the recovery and a more than 1.3 billion euro rise in imports since 2008. The tourism sector has also grown its revenues, with about 8 million visitors visiting each year.

4. Cost of living in Andorra

Andorra's typical costs are 10 to 25% lower than in other European nations, and around 40% lower than in Singapore and Hong Kong. This is mostly due to lower import tariffs and lower business and personal taxes. Despite its small size, the nation has a well-developed financial system that supports the economy and allows for a diverse market. The inflation rate in 2017 was 2.6 percent, according to the Department of Statistics; this is a controlled inflation rate that can be traced back decades, meaning that prices would not move considerably in the next years. A monthly income of $3,559 USD is sufficient to live comfortably in this city.

5. Cost of renting in Andorra

Although rental rates are subjective and reliant in part on the physical condition of the property, the following pricing ranges are available in 2018: A 40 sq.m studio apartment or 1 bed/1 bath property in Andorra la Vella costs about US $416 per month. A contemporary two-bedroom, one-bathroom, 80m2 unfurnished apartment in La Massana costs roughly US $772 per month. Chalets and bigger properties range in price from $1782 to $4754 a month.

6. Major industries in Andorra

The top sectors where employers will want to hire remote employees from Andorra are the Hospitality Industry, the Retail Industry, the Education Industry, the Tourism Industry, and the Real Estate Industry.

7. Hiring cost in Andorra

Andorra's typical costs are 10 to 25% lower than in other European nations, and around 40% lower than in Singapore and Hong Kong. This is mostly due to lower import tariffs and lower business and personal taxes. Despite its small size, the nation has a well-developed financial system that supports the economy and allows for a diverse market. The inflation rate in 2017 was 2.6 percent, according to the Department of Statistics; this is a controlled inflation rate that can be traced back decades, meaning that prices would not move considerably in the next years. A monthly income of $3,559 USD is sufficient to live comfortably in this city.

8. Employment laws Andorra

The working week in Andorra is 40 hours long, as it is in other nations. Any change in weekly hours due to operational reasons needs a fifteen-day notice. This may not necessarily apply to managers and executives who have reached alternative agreements with their firms. Every employee is also entitled to a 30-minute break after each 6-hour shift. Weekly working hours, including overtime, must never exceed 60 hours. Furthermore, the maximum number of hours in a day is 12. Working hours must be kept to less than 1800 per year.

The monthly minimum salary in 2020 was ‚ā¨1083.33. Employee deductions include a 6.5 percent Social Security payment. 15.5 percent is the employer's responsibility. Negotiating extra bonuses, incentives, or commissions with the company is always a possibility, depending on the role.

If no other agreement with the employer has been established, the remuneration for midnight work is increased by 20%. The following rule applies to all general overtime. Up to four hours incur a 25% cost, four to eight hours incur a 50% surcharge, and each hour beyond that incurs a 75% surcharge. Remember that an average working day should not exceed 12 hours.

Andorra has just four statutory public holidays: January 1st is New Year's Day, March 14th is Andorran Constitution Day, September 8th is Our Lady of Meritxell's Feast, and December 25th is Christmas. (These days do not apply to the tourism or medical industries.) Employees who are obliged to work on a national holiday are entitled to two days off as compensation. The employee is entitled to treble pay if the employer fails to give compensating days. Employees have the right to 23 days of vacation each year, which are always calculated based on yearly working hours. He or she is obligated to take a vacation throughout the same calendar year.

9. Top skills Andorra

The two-highest valued skills in Andorra are proficiency in French, English, and Spanish, and experience in hospitality, gastronomy, or related fields.

10. Economic landscape in Andorra

The economy of Andorra is dependent on tourism, which accounts for over 80% of GDP. Andorra's duty-free status, as well as its summer and winter resorts, attract an estimated 9 million visitors each year. Andorra's comparative advantage has dwindled in recent years as the economies of neighboring France and Spain have opened up, enabling more products with lower tariffs to be accessible. With its "tax haven" status, the banking industry also contributes significantly to the economy. Because fertile land is in short supply, agricultural output is restricted, and the majority of food must be imported. The most popular livestock activity is sheep farming. The most prevalent things created are cigarettes, cigars, and furniture. Andorra is a member of the Customs Union of the European Union and is handled commercially.

11. Market size in Andorra

Andorra's biggest export sector in 2014 was consumer goods, accounting for 63.20 percent of total exports. Andorra exported 1,032 different items in 2014.

Andorra's annual GDP growth rate in 2019 was 1.85 percent.

12. Minimum wage in Andorra

Andorra recently increased the national minimum wage to 1,121.47 EUR or 1330 USD per month in 2021. However, the majority of jobs pay significantly more than this minimum and include tips, commissions, and incentives. Employees working night shifts between 10 p.m. and 6 a.m. must earn at least 20% more than the federal minimum wage.

13.Why choose Rivermate to hire your remote team in Andorra?

Establishing an entity in Andorra to hire a team takes time, money, and effort. The labor law in Andorra has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Andorra simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Andorra give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Andorra via our Employer of Record (EOR) / PEO solution.

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