Why Set Up a Company in Andorra
Creating a company in the Principality allows you to:
- Access a competitive tax regime, with general rates of 10% and possible reductions.
- Benefit from clear and efficient administrative and accounting management.
- Obtain tax residency and optimize professional income. More information at company creation and tax advisory.
Legal Requirements to Set Up a Company
To start a company in Andorra, several requirements must be met:
- Be of legal age and a resident in the Principality, with a green or active card.
- Choose the appropriate legal form: SL, SA, cooperative or other recognized type.
- Register the company with the Andorran Company Register and obtain the NRT (Tax Registration Number).
- Open a local bank account for deposits and share capital.
- Apply for licenses and permits according to the business activity.
“Setting up a company in Andorra is an accessible and secure process if all legal requirements are met and you have professional advice.”
Main Administrative Steps
The steps to follow are key to ensuring the legality and success of the company:
- Initial documentation: prepare the articles of association and the minimum capital according to the type of company.
- Commercial registration: register the company with all required documentation.
- Obtaining the NRT and declaration of activity start: mandatory procedures to operate legally.
- Specific licenses and permits: depending on the sector and business activity.
- Bank management: deposit of share capital and activation of operating accounts.
Administrative management services can help at every step to ensure everything is done correctly.
Advantages of Creating a Company in Andorra
- Competitive tax rate: up to 10% for companies, with possible reductions.
- Administrative simplicity: faster processes than in other European countries.
- Legal security: modern and transparent laws.
- Access to professional services: specialized accounting management and tax advisory.
- Quality of life and favorable environment: Andorra offers security, infrastructure, and stability.
Professional Support for Entrepreneurs
To maximize benefits and avoid legal errors, it is advisable to rely on:
- Tax advisory: to optimize the tax burden and take advantage of legal deductions.
- Accounting management: to keep records and filings accurate.
- Residency and permit processing: especially if there are foreign investors or employees.
- Networking and professional opportunities: Andorra offers a favorable ecosystem to connect with other companies and investors.
Conclusion
Creating a company in Andorra is an opportunity for entrepreneurs and investors seeking security, tax benefits, and a competitive environment. With the support of professional services such as administrative management, tax advisory, and accounting management, the process becomes agile and reliable, allowing you to focus on business growth and enjoy the benefits of the Principality.
