We provide continuous advice to our clients on Antimoney Laundering, providing services such as
<ul>
<li>Adaptation to new regulations and new technical communications.</li>
<li>Preparation, development and implementation of manuals and policies on AML such as: Client admission policy, KYC and identification policy (Due diligence in relation to the identification of the client and the beneficiary owner), process of evaluation, identification and verification of the origin of funds, among others.</li>
<li>Confidentiality measures, document conservation and data updating.</li>
<li>Internal channels for communicating infractions (whistleblowing)</li>
<li>Development of policies and procedures and adequate internal controls to ensure high ethical standards in the hiring of employees, managers and agents, taking into account the magnitude of the business.</li>
<li>Review and update of the AML processes and manual.</li>
<li>Advice on Suspicion Activity Reports</li>
<li>Detection of deficiencies and maintenance of processes related to compliance in AML, through periodic (monthly) review of the correct implementation of each of the procedures described in the AML Manual.</li>
</ul>

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Advice and outsourcing on Anti Money Laundering

We provide continuous advice to our clients on tax matters (national and international), offering our clients the best possible option, taking into account all their characteristics and circumstances.

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Tax advice for companies and individuals

We offer tax compliance services: representation services and management of tax returns with the Tax Andorran Administration taxpayers in Andorra, (individuals, self-employed persons, legal entities.
We also prepare and deliver the corresponding tax forms for all types of personal and business taxes in Andorra, such us:
<ul>
<li>IGI – Valued Added Tax,</li>
<li>IS – Corporate Tax,</li>
<li>IRPF –income tax,</li>
<li>IRNR – Non-resident income tax,</li>
<li>Property transfer tax, etc.</li>
</ul>
We provide continuous advice to our clients on tax matters, national and international.

Tax Compliance Services for companies and individuals

Internal audit is an independent and objective assurance and consulting activity, designed to add value and improve the operations of an organization. Helps the organization achieve its objectives through a systematic and disciplined approach to evaluating and improving risk management, control and governance processes.
The final objective is to issue a report on internal control. For each of the audits, there are three main types of approaches:
<ul>
<li>Traditional: determination of a specific series of tests with the objective of obtaining evidence on the assessment of the area or process subject to audit.</li>
<li>Risks: for a given process, the most significant risks, associated controls and audit tests must be identified to validate the effectiveness of the controls.</li>
<li>Hybrid/mixed: combination of traditional audit and risk-based audit</li>
</ul>
After the review carried out, the internal auditor issues the corresponding recommendations and points for improvement, which must be monitored.
Our experience in this area allows us to offer a quality internal audit service to our clients.

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Internal Audit

We carry out company Valuation Reports with the objective of determining the real value of a company.
These types of reports are usually requested by companies that consider external development or growth through the purchase of other companies, acquisition of business units or by merging with other companies. On other occasions, non-monetary contributions from partners in a company also require a valuation report by an independent expert.
When valuing a company, different valuation models are used, choosing the one that best reflects the activity and reality of the company. Commonly used methods include discounted cash flows (flow projections, calculation of the WACC “weighted average cost of capital”, etc.), the book value of equity, PER of similar companies, etc.
We also carry out valuations for other tax, legal and internal business strategy reasons.

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Special reports and/or assessments

In general terms, audit can be defined as the examination of financial statements carried out by competent and independent professionals, through the application of certain procedures subject to generally accepted auditing standards. The objective is to express an opinion on the annual accounts, verifying the reasonableness, true and fair view of the financial statements, the assets and financial situation, the results of its operations and the resources obtained and applied, in accordance with generally accepted accounting principles and standards.
External auditors must be independent, integral, objective, act with professional diligence and responsibility and maintain professional secrecy, among other aspects.
The audit exercise must be carried out by a person who has the legal status of auditor.
The audit review must combine both compliance tests (validation of internal control) and substantive tests (validation of the integrity, existence, accuracy, valuation, ownership and presentation of the balances and information contained in the annual accounts).
Andorran regulations require audits of annual accounts for those companies that meet certain requirements (size, consolidated groups, financial services, etc.).
Additionally, the voluntary audit of annual accounts is considered a good practice with the aim of reinforcing the integrity and accuracy of financial reporting, offering comfort to shareholders when approving the annual accounts prepared by the directors.
Our experience in auditing allows us to provide a high-quality annual accounts audit service, always maintaining our principles of professionalism, independence and objectivity.

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Annual Account Audit Services for companies

In addition to offering the annual accounts audit service, we also offer services corresponding to limited reviews of Annual Accounts or financial statements. 
This service is useful for those companies that do not require the specificities of a full audit, although they need to validate the sufficiency and veracity of the information in the annual accounts and/or financial statements. 
Unlike an audit, the auditor does not express a global opinion on the financial situation of the annual accounts; in these cases, the scope of the reviews and procedures to be carried out is agreed with the client. 
This service is commonly contracted on a recurring basis, although it can be also interesting punctually in the event of possible strategic corporate situations (purchase/sale of a company, change of directors, etc.).

Limited Reviews of Annual Accounts or financial statements

We carry out economic viability studies and plans for projects or companies, both for newly created companies in Andorra and for companies that are already operational.
In this sense, the following financial data must be established and projected:
<ul>
<li>Expected cash flow projections</li>
<li>Analysis of operating margins</li>
<li>Expected inflation and price increases</li>
<li>Investment plan</li>
<li>Liquidity and/or financing requirements (internal or external)</li>
<li>Average collection/payment periods from customers and suppliers</li>
<li>Distributions of dividends</li>
<li>Other expected assumptions</li>
</ul>
Subsequently, we make estimates on the profitability and viability of the project, through the analysis of different factors, metrics and/or ratios such as:
<ul>
<li>ROE/RAE</li>
<li>IRR</li>
<li>NPV</li>
<li>Breakeven point</li>
<li>Scenario analysis</li>
<li>Investment payback period</li>
<li>Other analyzes and profitability studies</li>
</ul>
If the client requires it, we complement this study with implementation and monitoring services for projects or companies, carrying out the following services:
<ul>
<li>Monitoring and supervision of business strategic development plans and analysis of the viability of ongoing projects and/or businesses (development, monitoring and supervision)</li>
<li>Preparation and development of liquidity and financial plans along with the corresponding advice for the search for financing and debt restructuring.</li>
</ul>
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Financial economic viability plans for newly created projects and investments

We provide guidance, support and monitoring to companies in the development, implementation and improvement of their corporate social responsibility practices. 
Among the different issues that a company must manage in terms of ESG, the following stand out: environmental aspects, gender equality, working conditions, policies and procedures, remuneration system, composition and operation of the management and the board of directors, financial and non-financial reporting. social aspects, etc. 
In this sense, we collaborate with companies in the development of a ESG strategy aligned with their values, objectives and business culture, taking into consideration their economic sector and their environment. 
We prepare ESG reports and advise companies on the correct disclosure of relevant ESG information to clients, employees, investors and society in general. The adoption of ESG practices can have both reputational and financial benefits and at the same time contributes to sustainable development and the well-being of society. 
We advise companies on their participation in external ESG initiatives, such as adherence to codes of conduct, sustainability certifications, and collaborations with organizations and governments to address social and environmental issues. 
We help companies incorporating ESG into their business culture, promoting ethical, sustainable and socially responsible business management.

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Advice on ESG (Environment, Social and Governance) for companies and evaluation and management of social and environmental impact

Our knowledge of Andorran legislation allows us to offer a tailored advisory service for those businesses or companies that wish to establish in Andorra. We accompany and manage our clients at all times in the process of establishing their companies in Andorra, whether it is creating a company in Andorra or moving the company to Andorra. 
The establishment process in Andorra requires several procedures and processes that must be completed for which we offer collaboration to our clients, such as:
<ul>
<li>Immigration procedures (delivery of the foreign investment dossier)</li>
<li>Government procedures such as the request for authorization of the company&#8217;s corporate name, the Companies Registry</li>
<li>Procedures and banking compliance process for opening a corporate account in an entity bank of Andorra</li>
<li>Trade registry</li>
<li>Registration in the Tax Administration, in the CASS, &#8230;</li>
<li>Declaration of beneficial owners</li>
<li>Notarial procedures</li>
<li>Advice on the documentation to be delivered to the regulator</li>
<li>Other administrative procedures</li>
</ul>

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Advice and support in establishment processes in Andorra, business creation, foreign investment

In recent years, Andorran taxation has become an approved framework at the European level, and is also one of the most competitive in neighboring countries. In Andorra there are different tax figures such as:
<ul>
<li>Corporation tax</li>
<li>Income Tax</li>
<li>Value Added Tax</li>
<li>Non-Resident Income Tax</li>
</ul>
Our extensive knowledge of the Andorran tax framework allows us to offer an in-depth advisory tax service and at the same time optimizing the tax burden through the application of special tax regimes, tax deductions, etc.
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Economic-tax studies for Andorran companies or companies with the intention of moving to Andorra.

Many companies require a redefinition of their existing processes in order to optimize them. It is common for some businesses to find themselves in some of the following situations:
<ul>
<li>Inefficient processes</li>
<li>Lack of controls
<ul>
<li>Procedures and manuals</li>
<li>Flowcharts</li>
<li>Segregation of functions</li>
<li>Owners and authorizations</li>
<li>Inventories</li>
<li>Conciliation processes</li>
<li>Periodic cash recounts</li>
<li>Double check of operations</li>
<li>Management of third parties confirmations</li>
<li>Management of aging customers</li>
<li>Liquidity management</li>
<li>Other controls</li>
</ul>
</li>
</ul>
In this sense, we offer our clients the possibility of designing or redefining processes and controls with the aim of increasing efficiency, protecting assets and improving financial information flows.
The identification of the inherent risks of the business is a fundamental step to establish and define an adequate internal control system. We can prepare a risk map of the different processes, carrying out an assessment of the different inherent risks, controls and the corresponding residual risks. 
Alternatively, we can review the effectiveness of existing controls.
The Internal Audit service offered by Lemon Economists may also be of interest to clients who need to know the assessment of their internal control and improve it.

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Design, development and implementation of internal controls for process optimization and risk mitigation.

We provide advice and support to companies that must carry out business negotiation processes such as mergers, acquisitions and sales. 
As independent experts, we can complement the service leading the negotiation processes between the different parties involved.

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Advice and support for companies in business negotiation processes (mergers, acquisitions and sales).

We perform CFO/ Financial Director outsourcing services for the client. 
The service includes the performance of:
<ul>
<li>Preparation of the Board Pack (financial information, deviations vs. budget, key issues (data or relevant information to consider), minutes,…</li>
<li>Preparation of periodic reporting (quantitative and qualitative information)</li>
<li>Advice on the preparation of annual accounts and subsequent review</li>
<li>Review and advice on accounting consolidation.</li>
</ul>
We adapt these services to the needs of our clients and the volume of their companies.

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Accounting and financial review /advice

We carry out customized training (in-person and online) for companies and individuals in the following areas:
<ul>
<li>General Accounting (Andorran General Accounting Plan ( PGCA ) and International Financial Reporting Standards ( IFRS )).</li>
<li>Cost accounting and analytical accounting</li>
<li>Taxation</li>
<li>Finance</li>
<li>Financial mathematics</li>
<li>Audit</li>
<li>AML</li>
<li>Economics (Microeconomics, Macroeconomics), Business Economics, Fundamentals of Management, among other subjects of the Business Administration Degree</li>
<li>Economics, Business Economics, 1st and 2nd year Baccalaureate subjects</li>
<li>Preparation both online and in person for the entrance tests to Spanish universities (EVAU or EBAU depending on the spanish states in which they are carried out) is the Baccalaureate Evaluation for Access to the Spanish University, that is, what is commonly It is known as Selectivity .</li>
<li>Preparation both online and in person for the PCE tests . The PCE (Specific Competence Tests), exams that foreign students must pass in order to study at a Spanish university. That is, a kind of selectivity for foreigners. The National University of Distance Education ( UNED ), specifically its UNEDasiss department, is in charge of carrying out this test at its accredited national and international locations.</li>
</ul>
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