Company registration in Andorra

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Company REGISTRATION IN ANDORRA

The form of government is a principality, but practically it is a republic, located in the western part of Europe, covers the territory of the Pyrenees from France to Spain. In addition to the governmental Catalan language, the population knows 3 other languages.

The economic model of the state steadily attracts businessmen from all over the world.

LEGISLATIVE FRAMEWORK

The Law of 2008 on foreign investments has established a list of types of work on which 100% application of foreign money is allowed (in other variants it is allowed up to 50%). The list includes the activities of online companies, the activity of multilingual firms, global consulting, project creation, scientific and technical activities.Registration of companies.

TYPES OF ORGANIZATIONS

Common configurations of firms:

• societat limitata - similar to LLC. The minimum amount of the authorized capital is 3000 euros.
• societat anonima - similar to a JSC. The minimum amount of the authorized capital is 60000 euros. Used by large businessmen with a huge number of shareholders.

KEY ASPECTS IN THE LAWS

Minimum number of shareholders - 1 natural or legal person. There are no residency requirements.

Registration of articles of association takes into account the absolute payment of the authorized capital in order to open a bank account.

TAX ACCOUNTING

Since April 2011 legal entities pay a collective levy:

• local profit of a non-resident firm - tax rate 10%;
• local profit of a resident company from January 1, 2013 - 10%.

Acquisition of real estate - 4%.

MONETARY CONTROL

Not used.

Double Taxation Avoidance Contracts

The country has signed double tax treaties with France, Luxembourg, Spain, Portugal, UAE, Liechtenstein, Malta and Cyprus.

Signed an agreement on exchange of tax information with Austria, Liechtenstein, Monaco, San Marino, France, Belgium, Argentina, Netherlands, Portugal, Spain, Iceland, Finland, Faroe Islands, Denmark, Norway, Sweden, Greenland, Germany, Australia, Poland, Czech Republic, Switzerland, Republic of Korea, Italy.

Our organization Legal Solutions - provides comprehensive support of any business - from opening an offshore company to providing a full range of consulting, audit and legal services in Ukraine and abroad.

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