Cuando alguien pretende vender o adquirir un negocio, surgen muchas dudas, aunque la principal es, ¿cuánto vale verdaderamente ese negocio? Contestar a esa pregunta no es sencillo, pues mas allá de los elementos objetivos (que tal y como analizaremos, no lo son tanto), existe una parte emocional de ambas partes. La lógica nos indica que el comprador siempre va a querer pagar lo menos posible, y el vendedor a obtener el mayor precio posible, y el encuentro, siempre quedando fuera de sesgos y vinculaciones entre las partes, va a determinar el precio de mercado. Ello no obstante, ¿Cuál es la estratégia a seguir en estos casos? ¿Cuánto uno debe subir o debe bajar para que la operación fructifique? CRITERIOS DE

When someone intends to sell or acquire a business, many doubts arise, with the main one being, what is that business really worth? Answering that question is not easy, as beyond the objective elements (which, as we will analyze, are not so objective), there is an emotional aspect for both parties. Logic tells us that the buyer will always want to pay as little as possible, and the seller wants to obtain the highest price possible, and the meeting, always excluding biases and connections between the parties, will determine the market price. However, what strategy should be followed in these cases? How much should one increase or decrease in order for the transaction to be successful? VALUATION CRITERIA There are

On March 6, 2025, Andorra approved the Omnibus Law, an ambitious regulation aimed at promoting sustainable growth and ensuring the right to housing. This law, which will come into force 15 days after its publication in the Official Gazette (expected on March 26), introduces significant changes in key areas such as foreign investment, tourist accommodation, and access to housing. Below, we break down the main aspects of this law and how they could impact the Principality’s society and economy. Foreign investment: Increased control and transparency Andorra, known for its openness and appeal to international investors, has decided to tighten the regulation of foreign capital inflows. The Omnibus Law introduces measures to prevent risks such as money laundering, real estate speculation,

El pasado 6 de marzo de 2025, Andorra aprobó la Ley Ómnibus, una normativa ambiciosa que busca promover el crecimiento sostenible y garantizar el derecho a la vivienda. Esta ley, que entrará en vigor 15 días después de su publicación en el Boletín Oficial (prevista para el 26 de marzo), introduce cambios significativos en áreas clave como la inversión extranjera, el alojamiento turístico y el acceso a la vivienda. A continuación, desglosamos los principales aspectos de esta ley y cómo podrían afectar a la sociedad y la economía del Principado. Inversión extranjera: más control y transparencia Andorra, conocido por su apertura al exterior y su atractivo para los inversores internacionales, ha decidido regular de manera más estricta la entrada de

On a global scale, several countries have opted to maintain low corporate tax rates to attract foreign investments and foster economic growth. Below is a list of ten countries that, while not completely eliminating corporate tax, offer very low rates, making them attractive destinations for international businesses. The reason for excluding those with no corporate tax is that they are considered tax havens by many jurisdictions, making it very complicated to operate with or through those jurisdictions. Additionally, some of the countries on the list do not have the best reputation, but are nonetheless making efforts or adapting their regulations to avoid such a reputation. I. HungaryTax Rate: 9%Hungary offers the lowest corporate tax rate within the European Union, which

When deciding to form a company, it is crucial for partners to consider multiple aspects to ensure the stability, growth, and long-term sustainability of the business. This article provides a detailed overview of the considerations partners should evaluate before forming a company, covering everything from corporate structure to exit strategies, as well as legal and operational aspects. I. Choosing the Type of Company The choice of company type is critical, as it will determine legal responsibilities, tax requirements, and management structure. The options vary significantly between countries but generally include limited liability companies, joint-stock companies, and limited partnerships, among others. Each type has its own implications in terms of exposure to risks, fundraising capacity, and operational flexibility. II. Partnership Agreements