Phone: +44 20 3807 0556
Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Andorra
Company incorporation, bank accounts, accounting services in Andorra
Registration packages
Services
Essential
Standard
Premium
Company registration (SL)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in Andorra
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How you can register a company in Andorra with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details 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. Andorra has a population of 77,6 thousand people.
Corporate taxation, VAT taxation, Personal taxation
- 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 the reduced rates of 2.5%, 1%, 0% or tax exempt
- Personal income tax - from 0% up to 10%.
The following are the most common types of companies to incorporate a company in Monaco as:
- Limited liability company (Societat Limitada - S.L.)
- Public limited company (Societat Anonima - S.A.)
- General partnership
- Limited partnership
- Branch office (Sucursal).
- Individuals or legal entities that are intending to register a company in Andorra can be resident or non-resident in Andorra. However, it is recommended to register a company in Andorra with at least 1 resident shareholder. It is possible to receive a residence permit for foreign individuals or hire 1 resident employee in Andorra as an alternative.
- A resident or a non-resident individual can be a company director in Andorra. It is not required to set up a company in Andorra with a resident individual as one of its shareholders or directors.
- At least 2 shareholders are required in order to register a company in Andorra if such company is incorporated as a SL (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Andorra in order to establish a company in Andorra, however it is necessary to rent an office and hire 1 resident employee if all shareholders of the company are not resident in Andorra to conduct business in the country.
- Minimum share capital that is required in order to start a company in Andorra as a SL (a limited liability company) is EUR 3,000.
- SL registration takes between 15 and 20 business days with the bank account taking up to 5 business days.
- Details of company founders, shareholders and directors after company registration in Andorra is complete is publicly available in the state corporate register.
- With our service you can register a company in Andorra remotely upon a power of attorney.
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, etc.
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, etc.
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.
Foreign entrepreneurs expand to Monaco and seek to incorporate a company in Monaco in order to conduct business in the following sectors:
- wholesale and retail trade
- financial services
- tourism
- real estate services.
Benefits of registering a company in Andorra
Business climate
- 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
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- Corporate income tax rate is 10%
- No dividend withholding tax
- No interest withholding tax
- VAT tax rate is 4.5%
- Double tax treaties with several jurisdictions
Ease of doing business
- No foreign exchange controls
Register your company in Andorra
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