Andorra opens up to foreign investment. - The principality of Andorra (83,000 inhabitants) is modernising its regulatory framework to attract foreign investment, currently at a low level due to their 33% limit on foreign owned capital. The government voted a law in April on foreign investment, which will enter into force in November. It will enable foreigners to own up to 100% of the capital in Andorran companies in 200 sectors. these range from the” top-notch hi-tech industrial production sector, R&D, training, e-commerce and audiovisual. Other sectors include real estate, trade, hotel and catering but will only open up their capital to 49% of its value. The government, however, has set out a two to six year deadline for going further than this. Capital in banks is already open to 51% ownership by foreigners.