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:

Live Chat by LivePerson

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

Under the Foreign Investment Law, Andorra company formation allows foreigners to hold 100% shareholding of a business within 200 specified economic sectors.

There are no exchange controls in Andorra.

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.

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.

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

Andorra company formation law requires a Societat Anonima (SA) to have a minimum paid up share capital of 30,000 Euros (US$37,000). A Societat Limitadad (SL) requires minimum share capital of 6,000 Euros (US$7,400).

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.

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

Back to Europe Company Incorporation page.

Back to Home page.

Buy a copy of the Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com