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Create a Company in Andorra

Andorra has become an attractive destination for entrepreneurs and investors thanks to its favorable tax environment, safety, and quality of life. However, establishing a company in the country can involve certain administrative and bureaucratic challenges.

At ProAndorra, we simplify this process by connecting you with the right professionals to guide you from the start to the operational management of your company. Below, we outline the key points you need to know to set up your business in Andorra and how our platform can assist you every step of the way.

Basic Steps to Create a Company in Andorra

Define the Type of Company

• Limited Liability Company (SL): Ideal for small and medium-sized businesses, the SL requires a minimum capital of €3,000.
• Public Limited Company (SA): More suitable for larger businesses, the SA requires a minimum capital of €60,000 and allows greater flexibility in terms of ownership and shareholders.
• Sole Proprietorship: An option for those who wish to work independently, with fewer formalization requirements and no need for share capital.

Foreign Investment Authorization

• If you are a foreigner and wish to own more than 10% of a company in Andorra, you must apply for foreign investment authorization. This step ensures that your investment complies with local regulations.
• ProAndorra has experts who can handle this process on your behalf, ensuring compliance with all requirements and avoiding unnecessary delays.

Drafting the Company Bylaws and Incorporation Deed

• The incorporation deed and company bylaws are essential documents that detail the objectives, structure, and operation of the company.
• Through ProAndorra, you can find specialized lawyers to accurately draft these documents and handle their proper registration with the Registry of Companies.

Registration in the Company Registry

• Once the incorporation deed is drafted, the next step is to register the company with the Registry of Companies in Andorra. This process formalizes the creation of the company and allows it to operate legally in the country.
• ProAndorra connects you with managers who will assist you in the registration process, ensuring that every document is complete and compliant with regulations.

Obtaining the Tax Registration Number (NRT)

• Every company in Andorra needs an NRT to conduct commercial activities. This number is essential to meet tax obligations and register economic activity with the authorities.
• ProAndorra can help you manage the process of obtaining your NRT by connecting you with the right professionals to ensure a smooth procedure.

Opening a Corporate Bank Account

• To operate in Andorra, the company must have a local bank account. This step requires specific documentation and, in some cases, interviews with the bank.
• At ProAndorra, you’ll find professionals who facilitate relationships with local banks.

Obtaining Licenses and Permits (if applicable)
 

• Depending on the type of business, additional licenses such as commercial or health permits may be required.
• ProAndorra offers access to experts in sector-specific regulations who can handle these permits and guide you on the specific licenses your business may need.

Hiring Staff and HR Management

• Andorra has specific rules for hiring foreign employees, and it’s important to have an HR team that manages contracts and social security appropriately.
• ProAndorra connects you with specialists in human resources and labor advisory services to help you hire and manage employees while ensuring compliance with local labor laws.

Accounting and Tax Management

• Once the company is established, maintaining proper accounting and meeting tax obligations is vital. While Andorra has a simplified tax system, it’s important to record every financial transaction accurately.
• ProAndorra connects you with accountants and tax advisors who are experts in the Andorran system, providing continuous support for tax management, reporting, and more.

Why choose ProAndorra to create your company in Andorra?

Network of expert professionals

• ProAndorra is a specialized “finder” that connects each client with the right professional at every stage of business creation and management. Like an “Amazon” of services, it simplifies access to experts in key areas such as business law, accounting, human resources, and more.

Comprehensive service platform

• With ProAndorra, you find all the services you need to create a company in one place. From the creation of bylaws to day-to-day accounting, our platform facilitates access to customized solutions, centralizing everything you need to operate in an agile and organized way.

Time saving and simplification: if it can be easy, all the better.

• Setting up a company in Andorra can be a bureaucratic and complex process. ProAndorra streamlines each step, connecting you quickly with specialized professionals so that each step is efficient and you can concentrate on growing your business.

Adaptability to customer needs

• ProAndorra adapts to every type of business, whether it is a small startup or a large corporation. Our platform selects the best professional according to the type of company and sector, ensuring that each management is aligned with your business objectives.

Local experience and knowledge of the Andorran market

• Our network of professionals has an in-depth knowledge of the Andorran market and its specificities, offering added value to ensure that every step is carried out efficiently, complying with local standards and maximizing your company's potential for success.

Contact Proandorra and save time & money in finding the office and/or professional that suits your needs.

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