Trilateral Treaty Due To Come Into Effect Soon by Ulrika Lomas, Tax-News.com, Brussels 21 October 2002 The October newsletter from Andorra-based tax, property and residency experts, Servissim has revealed that the long-awaited trilateral treaty between France, Spain and Andorra looks set to come into effect soon. The treaty is designed to improve rights for residents of all three countries, and is scheduled to be approved by the French parliament this Autumn. One of the most noticeable effects of the agreement, according to Servissim will be that French and Spanish nationals will be permitted Andorran business rights after ten years' residence, rather than the usual twenty years. However, the newsletter reported that this new provision will not apply to lawyers, doctors, and other such professionals, who will still be excluded from establishing private practices in Andorra. .

IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.