Frequently Asked Questions about Andorra

The following questions are most frequently asked 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?
It is not difficult to open a corporate bank account in Andorra wih a reputable international bank, due to Andorra’s economical and political stability.

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. Any commercial or profit-seeking company requires more than 50% shareholding by an Andorran citizen. An offshore company branch, however, allows foreigners to hold 100% ownership.

What are the minimum capital requirements for an Andorra company?
An Andorra Societat Limitadad (SL), similar to a limited liability company (LLC), requires a minimum share capital of Euro €3,000 (US $4,300).

Is an Andorra company required to submit an annual account statement?
Yes. All Andorra companies are obliged to submit an annual account statement to the government. 

How much tax does an Andorra company pay?
Andorra has no tax on corporate profits, no dividends tax, no capital gains tax and no sales tax. Due to the EU saving tax directive, Andorra levies a 15% withholding tax on returns paid into EU bank accounts.

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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