{"id":2051,"date":"2020-03-27T12:00:11","date_gmt":"2020-03-27T12:00:11","guid":{"rendered":"https:\/\/www.andorra-advisors.com\/en\/blog\/\/"},"modified":"2020-03-19T10:02:01","modified_gmt":"2020-03-19T10:02:01","slug":"company-andorra-non-residents","status":"publish","type":"post","link":"https:\/\/www.andorra-advisors.com\/en\/blog\/company-andorra-non-residents\/","title":{"rendered":"Can you have a company in Andorra and not be a resident of the country?"},"content":{"rendered":"<p>Many entrepreneurs and entrepreneurs want to&nbsp;<a href=\"https:\/\/www.andorra-advisors.com\/en\/create-company-andorra\/\">establish their companies in Andorra<\/a>&nbsp;, however, that decision creates many doubts.<\/p>\n<p>Is it possible to have a business in a different country than the one where you reside?&nbsp;It is the great question of the great majority;&nbsp;And the answer is yes.<\/p>\n<h2>Andorra, the favorite destination for entrepreneurs<\/h2>\n<p>Andorra is a very attractive principality for the world, not only for being a beautiful place surrounded by mountains, but for being a place where taxes are lower compared to other countries of the European Union.&nbsp;If the businessman wants to locate his company in Andorra for this sole reason, it is not so simple.<\/p>\n<p>It is no secret to anyone that other countries such as Spain, Portugal or France have very high taxes;&nbsp;and it is a strong reason for many companies to want to emigrate, aiming to enjoy&nbsp;<a href=\"https:\/\/www.andorra-advisors.com\/en\/tax-advantages-andorra\/\">Andorra&#8217;s tax advantages<\/a>&nbsp;.<\/p>\n<p>By having a company in the Principality, it would pay taxes and would be under Andorran law.&nbsp;The owner, who would continue in his country, would be subject to the regulations, laws and taxes of the place where he lives.&nbsp;For this reason, it is not illegal.<\/p>\n<h2>Company in Andorra, but without living there<\/h2>\n<p>Although it is not an illegal thing to have a company in the Principality of Andorra and not live there, it is important to take into account the following:<\/p>\n<ul>\n<li>If a person wants to have his company in Andorra, but does not reside there, he must ask for an authorization.&nbsp;This is a foreign investment authorization.<\/li>\n<li>The company must have a physical office in Andorra, but not only that, it must also have an employee (minimum);&nbsp;and this person must be registered in the country&#8217;s Social Security.<\/li>\n<li>A bank account must be opened in the country.<\/li>\n<\/ul>\n<p>They seem not to be such complicated requirements to achieve, but what many recommend is that not only the company be in the Principality;&nbsp;but the owner also has his residence in the same place;&nbsp;or who resides in Andorra more than 183 days to be considered&nbsp;<a href=\"https:\/\/www.andorra-advisors.com\/en\/residence-in-andorra\/\">an active resident<\/a>&nbsp;.&nbsp;In this way, the requirements could decrease to establish the company in Andorra;&nbsp;and both the company and the entrepreneur would enjoy greater benefits.<\/p>\n<p>If the businessman also wants to pay less taxes as a natural person, it would be interesting to consider residence in Andorra.&nbsp;If the net income does not exceed 24 thousand euros, no taxes are paid;&nbsp;above this amount a 5% will be applied and from the 40 thousand euros a 10% tax will be applied, among other advantages.<\/p>\n<h2>Advantages of having residence in Andorra<\/h2>\n<p>Andorra is one of the most sought after places to live.&nbsp;It is an ideal option for many benefits.&nbsp;In this sense, the entrepreneurs who have their company in Andorra must know what those advantages are;&nbsp;so that they also move their residence to the country.&nbsp;In this case, the employer can request one of the types of residence that Andorra has.<\/p>\n<p>Some&nbsp;<a href=\"https:\/\/www.andorra-advisors.com\/en\/living-in-andorra\/\">advantages of living in Andorra<\/a>&nbsp;are:<\/p>\n<ul>\n<li>The standard of living that the Principality offers is very high.<\/li>\n<li>A very safe place to live.<\/li>\n<li>Low taxes, compared to other countries in Europe.<\/li>\n<li>The principality is surrounded by nature and beauty.<\/li>\n<li>They offer a wide variety of leisure activities suitable for everyone.<\/li>\n<li>It has basic quality services.<\/li>\n<li>The Andorran health service is optimal and efficient.<\/li>\n<li>It is located in a strategic place.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Many entrepreneurs and entrepreneurs want to&nbsp;establish their companies in Andorra&nbsp;, however, that decision creates many doubts. Is it possible to have a business in a different country than the one where you reside?&nbsp;It is the great question of the great majority;&nbsp;And the answer is yes. Andorra, the favorite destination for entrepreneurs Andorra is a very [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2047,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Can you have a company in Andorra and not be a resident of the country?<\/title>\n<meta name=\"description\" content=\"Is it possible to have a company in Andorra without being a resident? 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