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Andorra has established itself as an attractive destination for entrepreneurs and investors due to its favorable tax environment, economic stability and quality of life. Economic openness and legislative reforms have facilitated the creation of companies in the Principality, offering multiple benefits to those who decide to settle in this strategic enclave between Spain and France.
The process of incorporating a company in Andorra involves several steps to ensure compliance with local regulations and business transparency:
Corporate name reserve
The certification that guarantees the exclusivity of the company’s name must be requested, avoiding duplications in the commercial registry.
Application for foreign investment
Non-resident investors wishing to hold more than 10% of the share capital must obtain the corresponding authorization from the Andorran government.
Opening of bank account and deposit of capital stock
It is necessary to open an account in an Andorran bank and deposit the minimum share capital required, which varies according to the type of company.
Drafting of corporate bylaws
The bylaws that will govern the company are prepared, detailing aspects such as the corporate purpose, capital structure and management bodies.
Elevation to public deed
The bylaws and other documents are formalized before a notary, legally constituting the company.
Registration in the Companies Registry
The company is registered in the official registry, obtaining legal personality and capacity to operate.
Obtaining licenses and permits
Depending on the activity, additional authorizations, such as commercial or sanitary licenses, may be required.
It is not mandatory that the partners reside in Andorra. However, it is recommended that at least one of the administrators be resident in the country to facilitate management and comply with the requirements of economic substance.
The entire process can take two to three months, depending on the complexity of the company and the speed in obtaining the necessary authorizations and documentation.
In addition to corporate income tax (10%) and IGI (4.5%), companies are subject to social security contributions and, in some cases, municipal taxes, although these are relatively low compared to other European countries.
Yes, it is feasible through re-domiciliation processes or by creating a subsidiary in Andorra. It is recommended to seek legal and tax advice to comply with the regulations of both countries involved.
Andorra offers opportunities in various sectors, including tourism, commerce, information technology, financial services and healthcare. The country’s economic diversification opens up multiple possibilities for investors and entrepreneurs.
Setting up a company in Andorra represents a significant opportunity for those seeking a favorable tax environment, stability and quality of life. Having specialized advice is essential to navigate the process efficiently and comply with all applicable regulations.
