Andorra is a popular business environment for entrepreneurs who want to start their own company. We’ll go into more detail below, but the in-a-nutshell reason for incorporating in Andorra is that you get many of the benefits of Europe without the high taxes.
It’s also a favourable place to register an off-shore company if you’re not a resident of Andorra.
Because there are no stock exchanges in Andorra, the government-run registries take a relatively active role in tracking how company ownership is traded.
Andorra’s small size means that rules for company formation in Andorra might be different from what you expect. For both of these reasons, it’s important to have a plan before you set out to incorporate an Andorran company.
The Andorran government also requires companies to register detailed articles of association that spell out how a company will conduct business. It can be somewhat time-consuming to change these, so buying an existing “shelf company” is usually not a viable workaround for the company formation exercise.
This article will walk you through the most important parts of the process.
Continue reading “Detailed Guide to Company Formation in Andorra”
Incorporating a company doesn’t always have to be done in your home country. Offshore companies can offer many benefits that businesses wouldn’t otherwise get, including greater privacy and better tax rates.
Ironically, an Andorran “offshore company” technically exists in a landlocked country. It doesn’t get much more “onshore” than Andorra!
Despite this irony, an Andorran company remains appealing to many entrepreneurs, thanks to the country’s very low corporate taxes.
Companies formed in Andorra are taxed at a maximum rate of 10%, while a comparable company in the USA, a country known to compete for international business, will have to pay 21% in corporate taxes.
In this article, we will run you through the basics of what you need to know about Andorran companies.
Continue reading “Andorra Offshore Company: Private Entities with Low Tax”