Andorra has become an attractive destination for the creation and relocation of companies thanks to its tax advantages and a robust digital infrastructure.
Below we detail more valuable advantages to be able to consider opening a company in Andorra:
Spain's wages are gradually approaching those of Andorra, but it must be taken into account that the cost of social security is 12% more than social security in Andorra. So the employer has to pay less annually in Andorra than in Spain or France.
|Limited Company (SL)
If you are an individual...
If you are a company or society...
Official documentation of the Company Registry at the Andorran Mercantile Registry.
Remember that at ICOB we will accompany you throughout the process of setting up your Company in Andorra with a PERMANENT contact service with your manager.
The requirements for setting up a company in Andorra are under the Economic Substance Criteria. The criteria are as follows:
It is impossible to know with certainty what the time and costs will be when creating your company in Andorra, mainly because the costs depend on factors such as the type of company activity and the size of the business. But after all our experience at ICOB we can make an approximation. The overall and total cost can be divided into set-up costs and maintenance costs.
At the level of costs to create your Company in Andorra, you must also take into account the deposit mentioned above to be deposited at the AFA (Andorran Financial Authority).
Remember that this deposit must only be deposited in the event that you want residence or want to carry out any of the activities regulated by this entity.
The time to set up a company in Andorra is around 5-6 months.
As you have seen, Andorra not only offers competitive taxation, but also benefits that come with having an efficient and profitable headquarters.
At ICOB we offer you a comprehensive plan and 360° advice for your arrival in Andorra.
Unlike other alternatives, from Andorra we give you 24/7 support both in matters relating to the creation of your company, your residence, real estate and insurance advice, on the country's public services, approval of permits, vehicle importation and EVERYTHING surrounding your arrival in Andorra.
Let us accompany you in this transition.
We aim to offer the best service to our customers.
Our professional services are available to everyone who wants to start their new life in Andorra.
When Andorra started its tax system in 2012, it wanted to boost its competitiveness by offering tax regimes even more competitive than the normal tax regime.
These regimes have gradually been abolished to the extent that the country has been gaining international prestige, offering one of the best taxation systems in Europe.
Currently, only the special regime for the exploitation of intangibles remains
This regime has an imposition in the corporate tax of 2%
It is aimed at all those business models that exploit trademarks, patents or that exploit software, web pages or IT applications. The exploitation of computer models must have been developed from 0 and must be exclusive to the company requesting the exemption.
The granting of this regime is studied on a case-by-case basis.
The requirement is to hire one person at least half-time.