Open a company in Andorra

Positive Invest invites individuals and legal entities to use the services of opening an offshore company in Andorra, a small state on the border of France and Spain.

Andorra does not pay classic taxes on income, personal income, property, inheritance, etc. The main budget revenue comes from the registration of offshore companies, exports, re-exports of goods and services to and from the EU.

Andorra: general information

Andorra is one of the small city-states in Europe. Located on the border between Spain and France. Is a member of the EU. It has not joined the euro area, but settlements within the country are carried out using this currency.

The official language is Catalan. Documentation is allowed in Spanish and French. Individuals wishing to buy or open a company in Andorra are required to translate their documents into Spanish and certify with a notary in their place of residence. An apostille is required. Legal entities wishing to open an offshore in Andorra are required to translate and apostille all the constituent documents of the company.

The official language is Catalan. Documentation is allowed in Spanish and French. Individuals wishing to buy or open a company in Andorra are required to translate their documents into Spanish and certify with a notary in their place of residence. An apostille is required. Legal entities wishing to open an offshore in Andorra are required to translate and apostille all the constituent documents of the company.

There are practically no restrictions on activities in the country. A license is required to open a bank, investment or venture fund. The name of the company should not indicate the type of activity if it is a banking or insurance structure.

In addition, you need to know the following when opening a company in Andorra:

• the authorized capital must be paid by the time of submission of documents for registration. The holder of the authorized capital will be a trusted notary. When registering, it is necessary to provide a notary confirmation of the contribution of the authorized capital;
• there must be at least two founders. In general, there are no restrictions on the participation of foreign citizens in the legislation, but for convenience, one of the founders must be a resident of Andorra. He must own at least 67% of the authorized capital. Information about the owners until the moment of registration is in the public domain. Further information about the beneficiaries is not available to third parties. The institution of nominal founders is allowed;
• offshore companies registered in Andorra automatically receive resident status. Activities can be carried out in any country in the world, including Andorra;
• on the territory of the country, it is necessary to buy or rent an office. An office cannot be registered in an apartment, a private house, or any residential area. It is mandatory to maintain accounting records and submit an annual report. All documentation must be in Catalan. If other languages are used, then all documents are translated into Catalan and certified by a notary. All documents are kept in the office;
• the name must be unique in the Catalan language with the obligatory indication of the form of ownership of the company. If the name is not in Catalan, then a translation is required;
• a current account can be opened either directly in Andorra or in Spain;
• at least one director is appointed, equally natural or legal person. He can be a citizen or resident of any country. The institute of nominee directors is allowed. The register of directors is freely available and open to everyone.

Companies can be opened remotely, through the mediation of a registered agent with a properly executed power of attorney.

Open a company in Andorra: documents for registration

By the time of submission of documents for registration, it is necessary to prepare:

1. The charter of the company with the prescribed rights and obligations of shareholders;
2. Protocol of the meeting of the founders with the decision to establish the company;
3. Certificate confirming tax registration.

Services Positive-Invest

Positive Invest lawyers offer to take advantage of the benefits of working in Andorra, a country that does not impose any taxes on the activities of enterprises. The annual costs are related only to the payment of the registration renewal fee. The country has no control over the sources of foreign exchange and its spending.

Andorra is the most profitable option for those who want to enter the European market, get access to loans with a minimum interest rate.

Contact us if you want to make a profit and minimize costs.