Andorra Company Formation

If properly-structured, Andorra company formation allows global entrepreneurs to legitimately conduct international business exempt from tax. The following information will help you determine whether Andorra company formation is the optimum solution for your business:

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ENGAGEMENT COSTS

Year 1 incorporation US$15,000 *

Nominee shareholder
US$1,800**

Company de-registration
US$1,450

* Depending on corporate structure and professional services required.

**Excludes US$1,100 refundable deposit

Advantages of Andorra Company Formation

Andorra company formation is a tax-efficient corporate vehicle through which business can be conducted as there are no corporate profits tax, no dividends tax, capital gains tax, withholding tax or sales tax.

Due to Andorra's strong bank secrecy laws, the absence of taxation and the principality's open business environment, Andorra company formation is an excellent way to collect the proceeds of legitimate international business activity.

There are no exchange controls in Andorra.

It is easy to open global corporate bank accounts to support Andorra company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

Disadvantages of Andorra Company Formation

Andorra company formation requires a 67% shareholding by an Andorran citizen, making Andorra company formation unattractive for international trading operations.

Andorra is a signatory to the EU Savings Tax Directive, and as such levies a 15% withholding tax on returns on savings paid to EU citizens.

Andorra company formation law requires a Societat Anonima (SA) to have a minimum paid up share capital of 30,000 Euros (US$38,500).

A minimum of two shareholders is required for Andorra company formation.

Annual accounts must be submitted to the government following Andorra company formation. Healy Consultants will assist our clients efficiently and effectively to complete this annual statutory obligation.

Contact Us

For more information on Andorra company formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120.

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