Located on the southern slopes of the Pyrenees, between the territories of Spain and France, the Principality of Andorra has positioned itself as an ideal destination for entrepreneurs looking to start a business.

Andorra’s business environment offers strong incentives for company formation, especially with its low taxes, strategic location, and modernized regulatory framework for foreign ownership. The incorporation process requires careful attention to legal procedures, but the benefits can be substantial for businesses looking to operate in a low-tax environment with access to both the French and Spanish markets.

Manimama ensures a seamless company registration process in Andorra. Trust us to provide expert guidance and support, so your business can thrive from day one in Andorra. Start your journey with confidence, knowing you have the best team by your side.

Legal Opinion about Andorra as a Jurisdiction for Company Formation

Ganna Voievodina

Manimama

CEO

"Andorra is an emerging European jurisdiction for company formation, offering a range of advantages for entrepreneurs and businesses. Andorra also offers a high level of privacy, as there are no public registers of shareholders or directors, providing a confidential environment for companies. The country's political and economic stability, coupled with its location in the heart of Europe, ensures a secure and strategic base for international business operations. There are no residency requirements for company directors, and multiple languages, including English, are commonly spoken, facilitating smooth communication for foreign investors. Additionally, Andorra does not impose foreign exchange controls, making it a flexible and appealing jurisdiction for foreign capital flows".

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Our Packages

Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.

Company Formation

Company formation
Registered address for the 1st year
Annual accounting requirement bookkeeping

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Annual Services

Company renewal and registered address
Annual Government Tax
Mandatory Financial Beneficiary Report

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Other Services

Set of corporate documents (certified/apostille)
Nominal service for 1 year
Offshore banking

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Key Numbers about Incorporations

up to 4 weeks

average term of company formation

аt least 2

shareholders in the company

аt least 1

director in the company

10%

corporate income tax (CIT) rate

10%

personal income tax (PIT) rate

up to 9,5%

value-added tax (VAT) rate

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Set up Your Company in Andorra in Several Steps

Step 1. Initial setup

Initiating a preliminary project assessment
Preparation and filing of the package of documents

Step 2. Company registration

Verification and reservation of the company name
Foreign investment authorization
Opening of a bank account
Obtaining the Tax Registration Number (NRT)
Registration in the Trade Register
Registration with the Andorran Social Security (CASS)

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Requirements for Company Formation in Andorra

Before deciding to set up a new company in Andorra, read the information below to understand the characteristics of a Limited Liability Company (LLC):

Shareholders: at least two shareholders.

Director: at least one director.

Minimum share capital: for the limited liability company is €3,000 and the joint-stock company’s is €60,000

Remote incorporation process: yes.

Resident company secretary: no requirements.

Liability: the liability of members is limited to the extent of their contribution to the capital.

Registered office: Andorran companies must have their registered office within the territory of the Principality of Andorra.

Taxes in Andorra

Corporate income tax (CIT)

General CIT rate is 10%.

In the first year of application of the tax, taxpayers enjoy a 50% reduction in the settlement fee.

The first 50,000 euros of profit are subject to a 5% tax rate if the company's turnover is below 100,000 euros during the initial 3 years.
For profits exceeding 50,000 euros, the tax rate is capped at 10%, irrespective of the turnover amount.

Personal income tax (PIT)

Personal income tax in Andorra is imposed at a general rate of 10% of income.

0% under the threshold of 24,000 euros of annual income
5% for the range between 24,000 and 40,000 euros of annual income.

Value added tax (VAT)

The standard VAT rate of 4,5%, it is the lowest in Europe.

Double taxation avoidance agreements in Andorra: France, Spain, Portugal, Luxembourg, Liechtenstein, Malta, Cyprus, Hungary, United Arab Emirates, San Marino, Croatia, Czech Republic, The Netherlands, Iceland, South Korea, Monaco, and Lithuania.

Start Your Company Formation Process with Manimama

There are numerous reasons why Manimama is the leading company formation agent in Andorra:

Expertise in Andorra Regulations

1. Manimama has an in-depth understanding of Andorra legal and regulatory framework.
2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

Local and International Experience

1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
2. Our expertise spans various industries, providing customized solutions for each client.

Efficient and Timely Service

1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
2. Our efficient processes minimize delays and get your business up and running quickly.

Client-Centric Approach

1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
2. Our dedicated team is always available to address any concerns and provide expert advice.

Robust Network of Local Partners

1. We have established strong relationships with local authorities, banks, and service providers.
2. This network ensures that your business receives the best possible support and resources.

Ongoing Compliance Support

1. We provide continuous support to ensure your business remains compliant with laws of Andorra.
2. Our team keeps you updated on any regulatory changes that may impact your company.

Frequently Asked Questions

What are the benefits of a company formation in Andorra?

Andorra offers attractive tax advantages, with corporate tax rates ranging from 2% to a maximum of 10%. Additionally, the country's political stability, privacy protection, and strategic location in Europe make it an appealing option for international businesses.
Is there a corporate income tax in Andorra?

The standard corporate tax rate is 10%, but businesses can benefit from lower rates, with some qualifying for a reduced rate as low as 2%.
Are there residency requirements for shareholders or directors?

No, there are no residency requirements for shareholders.
How long does it take to form a company in Andorra?

Formation typically takes up to 4 weeks, depending on documentation.
What language is used for company registration?

All legal documents and filings must be submitted in Catalan, though businesses often work with local legal advisors to ensure compliance with language and regulatory requirements.
Is there currency control for non-residents?

No, there are no currency control restrictions for non-residents.
What is the minimum share capital requirement?

The minimum shared capital of the limited liability company is €3,000 and the joint-stock company’s is €60,000.

Semen Kaploushenko

KUNA, CBDO

"Manimama OU provided exceptional legal services, guiding us through the complexities of international business setup with professionalism and expertise. Their team's attention to detail ensured our compliance and smooth operation."

Vadym Grusha

Trustee Wallet, CEO

"I highly recommend Manimama OU for their outstanding support. Their knowledgeable lawyers made the entire process straightforward and efficient."

Yuriy Soshenko

WhiteBit, CLO

"The legal advice and services from Manimama OU were top-notch. Their dedication and thorough understanding of our needs helped us achieve our business goals seamlessly."

Manimama as the Best Solution for Your Company Formation in Andorra

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.

Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.

Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.

Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

By choosing our company formation service in Andorra, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Andorra and pave the way for your business success.