Individual resident in Andorra
Dividends and SICAV gains are exempt from Income Tax. The rest of gains are taxed at a 10% maximum rate. Any gains receive from abroad will be subject to double taxation relief and will generally be taxable at a 0% rate.
Investment in Spain (EU)
Real estate investment in Spain can be performed directly from an Andorran company or by setting up a subsidiary of said company (depending on each individual case).