Frequently Asked Questions about Andorra
The following are some of the most frequently asked questions about Andorra company formation:
How long does it take to incorporate an Andorra company?
How difficult is it to open a corporate bank account for an Andorra company?
Am I required to visit Andorra to incorporate a company there?
What is the minimum number of shareholders required for an Andorra company?
Can my company be 100% foreign-owned?
What are the minimum capital requirements for an Andorra company?
Is an Andorra company required to submit an annual account statement?
How much tax does an Andorra company pay?
How long does it take to incorporate an Andorra company?
Registering an Andorra company takes up to 3 weeks.
How difficult is it to open a corporate bank account for an Andorra company?
Due to Andorra’s economical and political stability, opening a corporate bank account with a reputable international bank is not difficult.
Am I required to visit Andorra to incorporate a company there?
No. Healy Consultants can legally incorporate your Andorra company without you needing to travel.
What is the minimum number of shareholders required for an Andorra company?
A minimum of two shareholders is required.
Can my company be 100% foreign-owned?
No. An Andorran company requires a 67% shareholding by an Andorran citizen.
What are the minimum capital requirements for an Andorra company?
An Andorra company requires a minimum share capital requirement of US$38,500.
Is an Andorra company required to submit an annual account statement?
All Andorra companies are obliged to an annual account to the government.
How much tax does an Andorra company pay?
Andorra has no corporate profits tax, no dividends tax, capital gains tax or sales tax. Due to the EU saving tax directive, Andorra levies a 15% withholding tax on returns on savings paid to EU citizens.
Contact Us
For more information on any of our Andorra corporate services, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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