Andorra is a country that went from being considered a tax haven, to being a country with a modern jurisdiction and with a very low and transparent tax burden. The legislation has been changing, and currently creating companies in Andorra by foreign investors is much more feasible since the country is trained. So that new companies or existing ones benefit from the tax advantages that come with setting up a company in Andorra. This is why it is one of the most attractive countries in Europe and the world chosen by investors to create their companies in Andorra.
There are two types of models for creating companies in Andorra, which are:
Sociedad Anónima (SA) or public limited company, whose minimum capital to create these companies is 60,000 euros.
Sociedad Limitada (SL) or limited liability company, whose minimum capital is 3,000 euros.
To create any company in Andorra, you must have your fiscal domicile in the Principality, although if your suppliers, clients or shareholders have different locations.
The companies created in Andorra, in addition to having their address, must have an administrator, regardless of the activity they perform.
All the companies created in Andorra have a tax system very similar to that of Spain, and must file tax returns quarterly and annually.
Keep in mind that when a company is created in Andorra, compared to France or Spain, the costs will be lower, with the Social Security charge an average of 15% lower.
On the other hand, salaries in Andorra are estimated at an average of € 1,950 / month, with a minimum wage of € 1,017.47 per month. In this way, tax savings on profits are an average of 30% less, both in Spain and France.
Some of the non-fiscal advantages to create your company in Andorra is that it is a great country to live, since it consists of spectacular landscapes, and with great and unbeatable ski slopes for the lovers of this sport. But it also has many other advantages:
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