Fees and timelines in 2022

Fees

payment by instalmentAndorra company setup costs in Year 1 will amount to €12,900 and annual company costs in Year 2 and thereafter will amount to €1,800. The average fee per engagement amounts to €24,850 including i) Andorra company incorporation, ii) corporate bank account setup, iii) legal registered office and iv) all government registration fees.

Different Andorra entity types Cost Draft invoice
Tax resident LLC €24,850 View invoice PDF
Branch of a foreign company €28,750 View invoice PDF
PLC €27,750 View invoice PDF
Representative office €25,750 View invoice PDF
Holding company €24,750 View invoice PDF
LLC with work permit €28,700 View invoice PDF

Click here to create your own Andorra invoice

Timelines

The average Andorra company registration period is 12 weeks as outlined below:

Service LLC PLC Branch Rep office Holding company
Engagement planning 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks
Company incorporation period 4 weeks 4 weeks 6 weeks 6 weeks 4 weeks
Bank account approval 4 weeks 4 weeks 4 weeks 4 weeks 4 weeks
Internet banking approval 1 week 1 week 1 week 1 week 1 week
Engagement completion 1 week 1 week 1 week 1 week 1 week
Total engagement period 12 weeks 12 weeks 14 weeks 14 weeks 12 weeks

andorra business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Andorra, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Client Engagements Manager
  • Contact me!
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