SICAVs in Andorra: the complete guide to Andorra’s collective investment vehicles
What is a SICAV in Andorra, and how does it actually work? This guide breaks down the legal framework behind Andorran collective investment vehicles — from Llei 10/2008 and AFA supervision to minimum capital requirements, the 2023 fiscal-transparency reform, and how a SICAV now fits into Andorra’s 2026 passive residency rules. Written for investors, advisors, and anyone researching how Andorra’s investment-fund regime actually works.