Fees and timelines in 2023
Fees
Andorra 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 |