Interested to register a company in Andorra?

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Main characteristics for registration in Andorra

Corporate tax
0-10%
Best choice for:
Commercial Trading
Time to complete the registration
4 weeks

Company Registration in Andorra

The Principality of Andorra is a small country boarded by France and Spain. Despite its micro size, it is an attractive place for formation of your business as it offers a favorable tax regime for companies carrying out international activity.

Below we discuss certain key points about how to register a company in Andorra and how you benefit from it.

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In order to be qualified as tax resident in Andorra, a company should be incorporated in Andorra and its management body and control should be exercised in Andorra.

Usually it takes 2-3 months to register a company in Andorra.

It is essential to ask for a reservation of a corporate to the Andorran administration. In Andorra it is required that the corporate name must be related to the company’s activity in order to avoid any ambiguity. In the meantime, you can use a proper name as well as the name of another company if the latter is not established in Andorra and on the condition that you have an approval. You may apply for an authorization from the Government to register the company in Andorra, only if the name of your company has been approved.

Tips: In the meantime, you can check company name online to ensure that you may take it for your future business. However, there are a few important issues that you need to consider when naming your company. As per the applicable law of Andorra, your company name must be in Catalan. Due to this linguistic requirement it is strongly recommended to consult with experts before choosing the name. Our team helps with relevant translation, assists with reviewing company registers and trademark database, in order to make sure that you will not have any potential risks when operating your business.

The minimum number of directors is one which has to be a resident of Andorra.

Limited liability companies are required to have company secretary being a resident of Andorra.

At least two shareholders have to be in the company. In certain cases, auditors are required.

Tips: Due to these requirements, it is worthwhile appointing director and secretary who are professionals and have sufficient experience and knowledge in applicable legislation. We would be happy to provide you with such services and consult you on this regard.

Andorra has a number of agreements to exchange tax information and has developed a taxation system in compliance with Europe and respecting the principles of the OECD. On the 1 January 2015, the Personal Income Tax Law is adopted which is the final step to include the Principality of Andorra within a fiscal framework capable of being approved.

Tips: In order to comply with current tax and accounting obligations, it is essential to pay attention to tax planning in Andorra. Andorra requires to submit different taxes applicable in the Principality of Andorra such as corporate tax, income tax of individuals, income tax for non-residents, IGI, ITP, IPV and local taxes.

Since Andorra has concluded double taxation agreements with some countries, it is advisable to consult in this regard.

When maintaining a company in Andorra, it is required to comply with fiscal year closing, prepare and approve annual accounts and comply with bookkeeping rules.

The cost of company incorporation in Andorra is Euro.

Taxes in Andorra

Andorra is not a member of the European Union, but it uses euro. It has a special status within the EU and is treated as an EU member state for trade in manufactured goods, but not for agricultural products.

Company Liquidation

As in other jurisdictions, a company in Andorra can be liquidated voluntary and involuntary.

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