Andorra
Key entity, tax, banking, visa, and compliance guidance for foreign founders incorporating in Andorra.
Foreign Ownership Eligibility
Andorra welcomes 100% foreign-owned companies
Fully remote formation — you never need to set foot in the country.
- 100% foreign ownership permitted in most sectors
- Legal system: Civil Law (Catalan and French and Spanish tradition)
- Primary registration authority: Registre de Societats Mercantils d Andorra
- Registry website: https://www.registreempreses.ad
- Tax authority: Departament de Tributs i Fronteres
- Corporate income tax (CIT): 10% - Source: CIT: 10% (Andorra). IGIC: 4.5%.
- VAT / sales tax: 0%
- Estimated formation timeline: 7-14 days - Via Registre Andorra. Source: Tributs i Fronteres
- Annual compliance and renewal obligations apply
Ownership
100% Foreign OK
Formation
100% Remote
Tax at a glance
Andorra Tax Overview
10%
Corporate Income Tax (CIT)
CIT: 10% (Andorra). IGIC: 4.5%.
0%
VAT / Sales Tax
CIT: 10% (Andorra). IGIC: 4.5%.
Departament de Tributs i Fronteres
Tax Authority
https://www.tributsifronteres.ad
Pros & cons
Advantages & Considerations
Key Advantages
100% foreign ownership permitted in most sectors
Legal framework: Civil Law (Catalan and French and Spanish tradition)
Primary registry: Registre de Societats Mercantils d Andorra
Tax rate: 10% CIT
Incorporated company has access to Andorra market
Considerations
Local professional guidance recommended for regulatory compliance
Banking KYC requirements can be extensive - allow time for account opening
Professional services market may be limited compared to major financial centres
Verify sector-specific restrictions before investing
Currency risk: EUR fluctuations may affect USD-denominated investments
Incorporation Process
The process is strictly digital. Each stage builds on the previous one.
Name reservation
Prepare incorporation documents
Submit registration application
Tax registration
Open corporate bank account
What you'll pay
Cost Architecture
Government Fees
Annual Ongoing
Professional Services
Government fees change frequently. Always verify current fee schedule at https://www.registreempreses.ad before committing.
Still unsure about costs?
These are estimates — your actual cost depends on your structure
Every Andorra setup is different. A 15-minute call with one of our specialists will give you a personalised cost breakdown — completely free.
Fintech & Banking
Can non-residents open accounts without visiting? NO.
Banking options for non-resident founders in Andorra. Remote account opening availability varies by institution.
| Institution | Type | Ease for Non-Residents | Notes |
|---|---|---|---|
| Credit Andorra | Traditional bank | Low (Visit Required) | |
| Andbank | Traditional bank | Low (Visit Required) | |
| BancSabadell d Andorra | Traditional bank | Low (Visit Required) | |
| Mora Banc | Traditional bank | Low (Visit Required) |
Regulatory requirements
Annual Compliance Matrix
| Requirement | Deadline | Details |
|---|---|---|
Annual company filing | Ongoing | File annual returns with Registre de Societats Mercantils d Andorra to maintain good standing. |
Corporate income tax return | Ongoing | Submit annual CIT return to Departament de Tributs i Fronteres. Rate: 10%. |
VAT filing | Ongoing | VAT-registered businesses file periodically. Rate: 0%. Verify threshold with Departament de Tributs i Fronteres. |
Accounting records | Ongoing | Maintain statutory books per Civil Law (Catalan and French and Spanish tradition) requirements. |
Beneficial ownership disclosure | Ongoing | Verify current UBO requirements in Andorra. |
Frequently Asked
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