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Company formation in Andorra
Comprehensive assistance in company formation, including banking services
How to form a company in Andorra
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Andorra
and opening a bank account in Andorra
and opening a bank account in Andorra
2
Payment of services
Payment of our services for company formation in Andorra
and/or bank account assistance in Andorra
and/or bank account assistance in Andorra
3
Company formation
We register a new company in Andorra for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to incorporating a company in Andorra
Corporate income tax rate for companies registered in Andorra is just 10%.
1. Founders that would like to register a company in Andorra can either be resident or non-resident in Andorra. However, it is highly recommended to register a company in Andorra with at least 1 resident shareholder. Non-resident individuals may additionally receive a resident permit in Andorra or have at least 1 full time resident employee in Andorra. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in Andorra. It is not required to register a company in Andorra with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Andorra and simultaneously be a shareholder and a director in this company if such company is registered as a Societat Limitada (a limited liability company).
4. There is a requirement for creating substance in Andorra - it is necessary to rent an office space in order to conduct business through a company registered in Andorra and it is necessary to hire 1 local employee if all shareholders are non-resident in Andorra.
5. Minimum share capital that is required to register a company in Andorra as a Societat Limitada (a limited liability company) is EUR 3,000.
6. Information about company founders, shareholders and directors after company registration in Andorra is complete is publicly available in the state corporate register.
7. We can help you register a company in Andorra remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Andorra la Vella for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a company director in Andorra. It is not required to register a company in Andorra with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Andorra and simultaneously be a shareholder and a director in this company if such company is registered as a Societat Limitada (a limited liability company).
4. There is a requirement for creating substance in Andorra - it is necessary to rent an office space in order to conduct business through a company registered in Andorra and it is necessary to hire 1 local employee if all shareholders are non-resident in Andorra.
5. Minimum share capital that is required to register a company in Andorra as a Societat Limitada (a limited liability company) is EUR 3,000.
6. Information about company founders, shareholders and directors after company registration in Andorra is complete is publicly available in the state corporate register.
7. We can help you register a company in Andorra remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Andorra la Vella for 1 day in order to open a corporate bank account.
Cost of services
Formation of a SL
Timeframe - 17 business days
Timeframe - 17 business days
Send a request
for company formation
Advantages of incorporating a company in Andorra
Attractive business-environment
- Broad foreign direct invesment opportunities
- Growing innovation and research sector
- One of the most competitive tax systems in Europe
- Logistics center between Spain and France
- Well-developed infrastructure
- Low inflation rate
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Corporate income tax rate is just 10%
- Dividend payments are not subject to withholding tax
- Interest payments are not subject to withholding tax
- VAT tax rate is just 4.5%
- Multiple double tax treaties
No strict foreign exchange controls
- Andorra joined the Euro area which allows it to secure free capital transfer in any currency. Individuals and business-entities, either resident or non-resident in Andorra may open bank accounts in local banks in any currency
Ease of establishing and doing business
- Remote company formation in Andorra is available
- 100% foreign ownership of a company is available
More about Andorra
Andorra is located on the Iberian Peninsula, in the eastern Pyrenees and has a territory of 467,63 square kilometers. Andorra borders France and Spain. The capital city of Andorra is Andorra la Vella, the location of key government institutions.
Population of Andorra amounts to around 77,6 thousand people.
Population of Andorra amounts to around 77,6 thousand people.
Official currency of Andorra is euro (EUR).
Economy of Andorra represents a free market economy consisting of finance, retail and tourism.
Tertiary sector makes up almost 80% of the GDP of the country, followed by industry sector at 10% and manufacturing at 3%.
Key imports of Andorra are cars, petroleum, perfumes, medicaments.
Exports of Andorra consists of electrical machinery and equipment and parts, integrated circuits, optical, precision and medical instruments and apparatus, orthopaedic appliances, clothing, paper.
Primary trading partners of Andorra are France, Spain, Germany, Italy, Norway and Austria.
The GDP of Andorra grew by 8.9% in 2021 and amounted to USD 3.3 billion.
Economy of Andorra represents a free market economy consisting of finance, retail and tourism.
Tertiary sector makes up almost 80% of the GDP of the country, followed by industry sector at 10% and manufacturing at 3%.
Key imports of Andorra are cars, petroleum, perfumes, medicaments.
Exports of Andorra consists of electrical machinery and equipment and parts, integrated circuits, optical, precision and medical instruments and apparatus, orthopaedic appliances, clothing, paper.
Primary trading partners of Andorra are France, Spain, Germany, Italy, Norway and Austria.
The GDP of Andorra grew by 8.9% in 2021 and amounted to USD 3.3 billion.
International business expands to Andorra and incorporates a company in Andorra primarily for:
Restricted for foreign entrepreneurs are the following sectors:
- wholesale and retail trade
- tourism
- real estate
- financial services.
Restricted for foreign entrepreneurs are the following sectors:
- defense industry
- television, radio
- postal services.
- Corporate income tax - 10%. Tax returns are filed on an annual basis
- Dividend withholding tax - 0%
- Interest withholding tax - 0%
- Royalties withholding tax - 5%
- Capital gains tax - 10%
- VAT - Standard tax rate 4.5% or reduced rates from 0% up to 2.5% or tax exempt
- Personal income tax - from 0% up to 10%.
Apart from such traditional business entity types as a limited liability company (Societat Limitada - SL) and a public limited company (Societat Anònima - S.A.), corporate law in Andorra offers to incorporate a company in Andorra as:
1. General partnership (Societat Colectiva - S.C.)
2. Limited partnership (Societat Comandita - S.C.)
3. Branch office (Sucursal)
To receive a detailed description of the company formation procedure in Andorra and information about documents necessary for company formation in Andorra please contact our experts.
1. General partnership (Societat Colectiva - S.C.)
2. Limited partnership (Societat Comandita - S.C.)
3. Branch office (Sucursal)
To receive a detailed description of the company formation procedure in Andorra and information about documents necessary for company formation in Andorra please contact our experts.
Send a request for company formation in Andorra
We will contact you within 1 minute
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Phone: +44 20 8157 4037
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128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
