The Andorran Government is proposing to change the company law giving foreigners opportunity to hold 100% of local companies.
Until now only 49% plus a local trustee structure was possible. This will be a major change, which should attract more business to Andorra. The new law is expected to take effect during 2012.
Source: http://www.andorra1.info/en/index.php?option=com_content&task=view&id=221