Setting up your international business based in Andorra brings many advantages to you, but you also need to play by the rules. Andorra does not permit any offshore companies without proper substance in the country. This means you may own an Andorran company with 100% participation, but you must comply with local / OECD requirements such as having a physical office and an element of human resource on the ground (director OR employee with sufficient decision powers OR shareholder).
Given this scenario of substance in the country we recommend having a director resident in the country. The immigrational law in Andorra offers a specific category for international business managers and directors through the active residency for company directors and entrepreneurs. This is typically the category or residency that international directors with a participation in the company will choose.
Setting up the company requires maximum transparency in terms of documentation provided on the activity, the shareholders behind the company and the origin of future business transactions. Complying with anti-money laundering rules is an absolute priority for the local banks and this may make the process time intensive if you decide to set up your company in Andorra as non-resident.
Our firm specializes in all these processes and we accompany you during the incorporation of your company in Andorra. The entire process may take over three months depending on your business activity and background as some activities are requiring more compliance work and or special approval by the local government authorities.
Do you operate a company that is doing business internationally?
Andorra may be suitable for your company’s operational base if you provide services over distance or trade goods as intermediary.January 8, 2018 International business profile Company formation + residency 10 Appreciate
Requirements for the setup of a company + active residency