SOL Fiscal – Legal and Tax Advisory Firm
Tax Advice and
Family Office in Andorra
Forget optimisation for a moment.
Let’s talk about what you want to build.
Member of the ViaExperts network
SOL Fiscal supports entrepreneurs, business leaders and families with their projects between France and Andorra. Legal, tax and accounting advice, structuring, investments and wealth transfer: our local team prepares your decisions, coordinates their implementation with your advisers and provides ongoing support.
YOUR AMBITIONS
Your wealth should open up possibilities.
Creating value takes time, energy and decisions with lasting consequences.
Then comes another question: what do you want to do with it?
Keep building businesses, diversify your investments, organise your income, change your living environment or prepare for the next generation. These choices deserve to be considered together.
The profiles of the clients we support in Andorra have changed considerably. We regularly work on major restructurings, reinvestments following business sales and family wealth of several hundred million euros, sometimes more.
We also support recently established entrepreneurs whose businesses are growing rapidly, who are starting to generate substantial cash and want to invest or develop new projects.
What they share is the desire to move forward with an organisation suited to what lies ahead.
Your success should also allow you to choose the life that comes with it.
YOUR PROJECTS
What stage are you at?
We start with your circumstances, the decisions ahead and the people they affect.
You are preparing a business sale or have just sold
You have built a business. Part of its value is about to become available, either to you personally or within a holding company.
Future income, reinvestment, new projects and the role you now want work to play need to be organised. The tax treatment of the sale, existing commitments and your family circumstances determine the order of decisions.
We help you prepare for this transition and give the released capital a direction.
Plan what comes after a business sale →
Your business is growing
You are hiring, launching a new business activity, preparing an acquisition or looking to invest your profits.
We work on the group structure, governance, financing, financial flows and accounting. The organisation should support your growth and remain understandable to you, your fellow shareholders and your partners.
You retain the freedom to build your business, supported by a team that follows through on the consequences of your decisions.
Structure your business growth →
You are organising family wealth
Businesses, property, financial assets, equity interests and several generations: interests overlap and decisions affect one another.
We bring together income needs, investment projects, ownership questions and wealth transfer. Your advisers and banking institutions take part in the work.
The aim is to organise wealth that you can use, understand and pass on, while leaving your children the freedom to build their own path.
Organise your wealth and its transfer →
You are considering moving to Andorra
You are looking for a living environment that suits you and new opportunities for your family or your business.
We assess the move alongside what you retain in France: companies, appointments, income, property and family commitments. We then organise the stages of relocation and ongoing local support.
Your project should work in practice, day to day, once the initial formalities are complete.
Prepare your move to Andorra →
OUR SERVICES
One decision often leads to several others.
We work through them together.
An investment changes your cash position. A business sale changes your income and your outlook.
Moving abroad affects your family as much as your companies.
Our role is to connect the issues and bring together the expertise needed, within the firm and among
the professionals working alongside us.
Legal and tax advice, holding companies and restructuring
Capital contributions, disposals, group reorganisations, governance, financing and distributions: we consider transactions as a whole and in the right sequence.
We assess their French and Andorran implications, the legal documents required and the ongoing obligations. Where a mechanism such as the contribution-and-sale tax deferral under Article 150-0 B ter of the French General Tax Code applies, its deadlines and conditions are considered from the outset.
Tax residency and relocation to Andorra
We consider your lifestyle plans alongside where you actually live, the professional roles you hold and the interests you retain in France.
The assessment may cover share valuations, exit tax, future income and transactions to complete before you leave. A preparation timetable then brings together the tax work, residency formalities, housing and your family’s relocation.
Property investment and entrepreneurial projects
Buying a property, investing in a development, financing a business activity or acquiring an equity stake requires an understanding of the project and the rights attached to your investment.
We examine the structure, contracts, partners, financing, guarantees and exit options. Depending on the agreed scope of our engagement, we monitor the transaction and represent the client’s interests in its governance.
Explore our investment support in Andorra →
Private banking and financing
We prepare the documentation and work with financial institutions and authorised professionals to address your financing, investment and liquidity needs.
Property, equity interests and financial assets need to remain aligned. Any financing arrangement, including a Lombard loan, must be assessed in terms of its costs, collateral requirements and the constraints it may place on the rest of your wealth.
Wealth transfer and family arrangements
We work with your advisers on asset ownership, gifts, the separation of usufruct and bare ownership, and family governance.
Applicable arrangements, including the Dutreil regime where relevant, are assessed in light of your assets and circumstances. The plan must also take account of the people involved: their needs, wishes and the roles they want to play.
Accounting and ongoing compliance
A decision must be accurately reflected in the company’s accounts, tax returns and records.
We provide the ongoing accounting and tax support agreed in our engagement and coordinate with your French advisers. Financial flows, annual accounts, IGI, IRPF and corporate obligations all form part of this ongoing work.
You can entrust us with a specific matter or ask us to coordinate the whole picture.
We define the scope together.
YOUR RELATIONSHIPS
Your advisers have a place at our table.
Your lawyer and accountant often know your business, your family and the decisions that have shaped your current circumstances. That knowledge is valuable.
We work with them before transactions, during implementation and afterwards. They contribute the history of the matter and their experience; we bring our expertise in France–Andorra matters, our local presence and the contacts needed for execution.
The working arrangement is chosen to suit your needs.
SOL Fiscal
and its team
your project
Your existing
advisers
Lawyers · Accountants
Notaries
Our local
contacts
Institutions · Banks
Specialist partners
SOL Fiscal coordinates discussions, approvals and the work around your project.
Assess together, then continue with the firm
We can analyse the project with your existing advisers, compare the options and agree on a shared solution.
The firm then carries out the work entrusted to it and provides local support, with the agreed exchanges and approvals. Your advisers receive the information needed to continue their own engagement.
Entrust us with coordination while keeping your advisers involved
We can also take responsibility for the matter within the firm and involve our partners in France.
Your lawyers, accountants or notaries then contribute on the agreed matters: additional analysis, approval of a point, execution of a legal document or oversight of interests retained in France.
You know who is coordinating, who is involved, what needs approval and by whom.
Sharing experience to make better decisions
We discuss the difficulties encountered, useful methods and lessons learned from other transactions. We connect professionals with the relevant contacts and share, where possible, requests and positions useful to the matter.
This work avoids starting from scratch with every question. It also allows an idea to be considered against several experiences before it is proposed to you.
Lessons learned are always considered in the context of your circumstances: the facts, dates and commitments can change the answer.
Sharing information within the right framework
With your agreement and in accordance with the rules of each profession, we organise the sharing of information needed for the engagement.
Insights from other matters are anonymised and limited to what may be shared. Professional confidentiality continues to apply to exchanges between advisers.
Responsibilities, required documents and approvals are defined. You have a clear view of the decisions made and the work still to be done.
The best collaborations are built around the client, their interests and work that everyone can understand.
OUR INVOLVEMENT IN TRANSACTIONS
We are also present
in operations.
Our work continues after the review and signing.
We support financing, review contracts, organise investors’ rights and monitor projects. Depending on our mandate, we also represent our clients in governance.
Our local presence enables us to examine property and business opportunities, some of which are developed off-market before being offered publicly.
Each project should find its place within the investor’s wealth and timetable.
136 terraced houses · Encamp
Vila Exclusive — Kota Projects, Encamp
Support provided for a fundraising round of over €10 million
We supported a fundraising round of over €10 million for Vila Exclusive, a development of 136 terraced houses in Encamp by Kota Projects.
We sit on the board of directors on behalf of our clients and monitor the development over time.
This involvement extends the work carried out at the time of the investment: following decisions, understanding progress and protecting the interests entrusted to the firm within the scope of its mandate.
Financing · Client representation · Governance · Ongoing monitoring
8 high-end chalets · Encamp
Els Cortals — DomusLabs, Encamp
€2 million invested, with investments starting at €200,000
Els Cortals is a development of 8 high-end chalets in Encamp, developed by DomusLabs.
We reviewed the contracts and provide ongoing monitoring.
The investment format enabled clients to explore investing in Andorra with a more limited commitment. The aim was to size the capital exposure in this initial transaction appropriately and make it part of a diversification strategy.
The project is assessed in terms of its investment horizon, risks, liquidity and exit conditions.
Contract review · Investment · Diversification · Ongoing monitoring
12 apartments · 2 buildings · Encamp
LA PLANA — Origen Promocions, Encamp
LA PLANA is a residential development of 12 apartments across two buildings in Encamp, developed by Origen Promocions.
We are involved in structuring, financing, contracts and the project timetable, alongside the local partners contributing to its delivery.
For buyers, the development may meet a need for a home, family use or long-term asset appreciation.
For investors, it offers an opportunity to contribute to the financing and delivery of a project with defined commitments, governance and milestones.
Discover LA PLANAYou are looking for an apartment
A pathway focused on buying a property, family use and the potential for long-term asset appreciation.
Discuss a property purchaseYou would like to invest in the project
A pathway focused on financing, commitments, governance and the different stages of the project.
Explore an investmentThe projects presented illustrate the firm’s work. Investment opportunities are assessed according to the stage of each project and your circumstances. Every investment involves economic risk and liquidity constraints.
BESPOKE PROJECTS
The scale of the project should reflect the role
you want it to play.
We support an average of two investment projects a year, offering different ways to participate.
- 01
Investments of around €200,000
To explore an investment opportunity, diversify gradually and keep your exposure proportionate to your available wealth.
The amount is determined in light of your liquidity needs, investment horizon and existing commitments.
- 02
Commitments starting at €1 million
To take a larger role in financing a project.
Higher amounts are considered without a predetermined upper limit, depending on the project’s size, structure and the investor’s strategy.
- 03
A project built around your goals
You have an idea, an identified asset, a partner or investment capacity that you would like to put to work.
We can assess and structure a bespoke transaction: property, an acquisition, an equity investment or business development.
The work covers feasibility, partners, the funding required, decision-making rules and exit conditions.
The right project starts with a clear reason to take part.
OUR TEAM AND LOCAL ROOTS
We live here.
We also build our own projects here.
We are a young team with complementary backgrounds and a desire to keep building new ventures.
We all speak Catalan. Some of us were born in Andorra; others have made their home and established their business here. We work with the country’s professionals, businesses and institutions, and develop projects with local partners.
This local presence matters in our day-to-day work: understanding a request, identifying the right contact, monitoring a transaction and knowing who to bring together when a matter becomes more complex.
The firm brings together three areas of expertise: legal and administrative services, accounting, and investment.
Their work comes together around the client’s matter.
Matthieu Bech
Managing PartnerLegal specialist in French tax law and cross-border procedures. Following a career in investment banking and then independent advisory work with small and medium-sized businesses and mid-cap companies, including occasional assignments for listed groups, Matthieu settled in Andorra.
He works on legal and tax structuring, reorganisations and wealth planning projects. His involvement in investments extends this work to financing, governance and monitoring commitments.
Léa Lopez
Investor and Partner RelationsEconomist registered with the Official College of Economists of Andorra (COEA), No. 301, Léa manages relationships with the firm’s clients, investors and partners.
She coordinates discussions and meetings, monitors project milestones and maintains communication between everyone involved. Her role gives clients a consistent point of contact throughout their project.
Sergi Brillas
Administration and Institutional RelationsBorn in Canillo, Sergi brings his knowledge of Andorra’s institutions and how the country operates day to day.
He coordinates local procedures and represents the firm and its clients before the relevant bodies and contacts. He connects the preparation of each case with its administrative implementation.
Carlos Sasplugas Navarro
Property Development and Local PartnersBorn in Escaldes-Engordany, Carlos contributes to property development projects and relationships with Andorran partners.
He facilitates introductions and on-site follow-up. His knowledge of local stakeholders helps bring together the expertise needed for investment and relocation.
Cédric Pierrot
Investment Project CoordinationCédric coordinates the participants and stages of investment projects.
He monitors communications, outstanding documents and progress. His role is to maintain continuity between decisions made, actions required and information shared with the client.
Lúa Monterroso
Accounting and Ongoing SupportLúa handles day-to-day accounting and the tracking of supporting documents.
She helps maintain usable information for compliance obligations and communications between the firm, the client and their other advisers.
Umi Riroroko Rovira
Administrative Coordination and ImmigrationEconomist registered with the Official College of Economists of Andorra (COEA), No. 310, Umi follows up on administrative procedures and relocation cases.
She coordinates the documents, communications and steps required, working with the client and local professionals.
Our complementary expertise allows us to follow the same project from several perspectives.
We can also involve our partners in France and the relevant specialists when a matter requires it.
Our approach
From decision to execution, we move
your project forward
We start with the deadline that matters to you: a business sale, a relocation, an acquisition, a fundraising round or a transfer of wealth.
We then work backwards to identify the preparatory work, documents to obtain, decisions to make and professionals to involve.
The plan specifies what depends on you, the firm and third parties. It incorporates statutory deadlines, financing conditions and administrative processing times.
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Understand your situation
We bring together the facts, objectives, existing commitments and constraints.
You receive an initial assessment outlining the scope of the project and the questions to address.
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Compare the options
We examine the options, their costs, implications and implementation requirements.
You can make informed choices based on a clear explanation, with any additional professional approvals required.
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Prepare the commitments
We coordinate legal documents, financing, supporting documentation and discussions between the parties involved.
You have a shared timetable and clearly assigned responsibilities.
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Carry out the transactions
We monitor signatures, payments, formalities and any outstanding conditions.
Deviations from the timetable are identified and addressed.
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Plan the next steps
We define the obligations, documents to retain, information to share and upcoming decision points.
Your project continues to be monitored after implementation.
Important decisions should be supported by written records that can be revisited and used.
An analysis note, a meeting record, an organisation chart, a schedule or a documented position makes it possible to trace the reasoning and continue the work. This is useful for you, your advisers and the decisions that follow.
OUR PROFESSIONAL FRAMEWORK
Trust rests on a professional framework.
Professional practice is governed by a framework of ethical and disciplinary rules. Obligations include professional confidentiality, management of conflicts of interest, continuing professional development and professional indemnity insurance.
For your matter, this translates into concrete commitments.
An identified lead
You know who is overseeing your engagement and coordinating the professionals involved.
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A written engagement
The scope, expected work, responsibilities and fees are agreed before the engagement begins.
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Documented decisions
Key analyses and decisions are documented. You can refer back to what was decided, the reasoning behind it and its implications.
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Clearly explained roles and interests
Where we are also involved in a transaction as a developer, investor or representative, that involvement is disclosed. We assess its compatibility with our advisory engagement, along with the remuneration and interests involved.
Safeguards assessed in practice
A contractual guarantee is assessed according to what it covers, who provides it and the conditions under which it can be enforced.
OUR FEES
Our fees must earn their place in your project.
A revised clause, a suitable structure, better-prepared financing or an anticipated deadline can have lasting consequences for years.
Our fees cover the agreed work: analysis, preparation of decisions, legal documents, coordination and ongoing support. Their scope and calculation method are defined before you commit.
You should be able to understand what has been examined, what has been produced and what remains to be done.
We should also be able to help you avoid an unnecessary company, a document with no purpose or complexity that adds nothing to your project. A transaction may need to be simplified, postponed or abandoned.
When several advisers are involved, we allocate work and validations so that expertise is used where it is useful.
A simple case should be able to remain simple.
DURATION
Signing is one milestone.
The relationship continues.
A transaction can be delayed, financing can come under pressure, or a partner can change their position.
These are also the moments when you need your adviser to be there: available to reassess the facts, explain the consequences and work on the next decision.
Several clients have worked with us for years across successive projects. Knowing their circumstances saves time, helps us understand new issues more quickly and allows us to take existing commitments into account.
We organise progress reviews and the discussions needed for your matter. Issues requiring a prompt response should be identified. When an analysis or approval takes time, you should know what is under way and what is still needed to move forward.
Staying alert
We enjoy meeting entrepreneurs, examining new transactions and discussing our ideas with other professionals.
Legislation evolves, banking practices change and projects develop. Growing interest in Andorra makes this monitoring and on-the-ground work particularly valuable.
We share the insights relevant to your circumstances and reassess decisions when their context changes.
We value relationships in which everyone wants to build what comes next.
ANTI-ABUSE CONCERNS
An anti-abuse rule should be read before it is invoked.
A legal provision quoted out of context can cause concern. It can also be used as a sales argument for a different structure.
Anti-abuse rules exist and must be taken seriously. Applying them requires reading the provision, examining its conditions and relating it to the facts.
Dismissing a solution with sweeping warnings, then proposing a standardised structure without examining effective management, financial flows, the reality of the activity or ongoing support, can shift the problem and make it worse.
Andorra’s popularity makes sound judgement all the more necessary. A relocation, holding company or restructuring must meet a real need and be able to function properly once implemented.
These matters require legal experience and local knowledge. We review with you what has been proposed, the objectives pursued and the consequences of the options under consideration.
You receive a clearly explained and documented analysis, identifying the points that require a decision or further work.
A few questions before we meet
Can I keep my lawyer and accountant?
Yes. We can work with your existing advisers from the initial assessment of your project and coordinate the next steps with them. They contribute their knowledge of your circumstances and work within the agreed scope. Together, we define the allocation of work, the approvals required and how information will be shared.
Can you review an arrangement that has already been proposed?
Yes. We examine the documents, facts and objectives. We explain the implications of the proposed arrangement, the points requiring further investigation and other relevant options. This assessment can be carried out with the professional who is already advising you.
Do I need to live in Andorra to invest with your support?
We also support projects for clients based in France. Our assessment takes into account your residence, the source of funds, who holds the capital and the type of transaction. The investment is organised with the relevant advisers and in accordance with the applicable requirements.
Do you support entrepreneurs who are still building their wealth?
Yes. We work with growing entrepreneurs as well as families with substantial wealth. The work depends on the decisions to be prepared and their complexity. The investment amounts shown for certain projects do not represent a minimum threshold for access to our advisory services.
Can you oversee my overall situation?
We can coordinate the legal, tax, accounting and wealth planning aspects included in our engagement, working with the relevant professionals. You can also engage us for a specific transaction. The scope, responsibilities and ongoing support are defined at the outset.
How are your fees determined?
They depend on the work required, the complexity of the matter and the level of ongoing support. We agree the scope and fee arrangements before the engagement begins. Any additional work is identified when it becomes necessary.
What happens during the first meeting?
You tell us about your situation, objectives and timetable. We identify the matters to examine and the information needed to prepare the next steps. The meeting can take place at our office or by video call, with your advisers joining if you wish.
Let’s talk about what you want to do next.
You have a transaction in mind, a growing business, capital to reinvest or a life change to prepare for. Tell us about your circumstances and what you would like to build. We will consider what work to undertake, who to involve and the appropriate timetable.
Your lawyer or accountant can take part in the initial discussion.