Open a company in Andorra: SL with 10% corporate tax
Opening a company in Andorra requires €3,000 of capital, foreign-investment authorisation depending on the sector and 10% corporate tax. We explain how your activity really fits and what it costs to keep the structure each year.
10% corporate tax and stability, one hour from Spain.
No commitment · Reply within 24h
Companies already operating in Europe with Filnet
Book a meeting to design your expansion to Andorra
Our advisors analyse the market in Andorra and the tax strategy that best fits your case: legal form, taxes and annual obligations. Free and no commitment.
Everything clear in one hour
A video call with a Filnet expert advisor.
- Your landing in AndorraWe analyse the market, the legal form and the real costs of operating from Andorra, based on your activity and goals.
- A tax strategy tailored to youTaxes, holding structures and double taxation between Spain and Andorra, explained for your case.
- A local expert advisorIn your language, with paperwork handled and fixed prices.
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Key figures for Andorra
Corporation tax
IS 10%
in Spain: 25%
Indirect tax
IGI 4.5%
in Spain: 21%
Time to incorporate
2-6 weeks
100% online, no travel
Market
1 h from Barcelona
Stability and legal certainty
The legal structure you will operate with
We analyse your case and choose the structure that fits best; this is the usual one for most businesses.
Societat Limitada (SL)
SL / SLU
Benefits
- 10% corporate taxThe lowest standard rate in Western Europe, with tax losses carried forward for ten years.
- 4.5% IGIThe lowest general indirect tax in the region, with reduced rates of 1% and 0% on certain goods.
- No dividend withholdingAndorra withholds nothing when paying dividends to non-resident shareholders, and subsidiaries can distribute to the parent at no extra cost.
- Treaty with SpainThe double-taxation treaty is in force: it defines where each income stream is taxed and stops you paying twice on the same profit.
- No wealth or inheritance taxAndorra taxes neither wealth nor inheritances, which simplifies holding and investment structures.
- One hour from SpainClose to Barcelona and the Pyrenees, with road links and direct access to the Spanish market.
Key considerations
- Minimum capital
- €3,000
- Timeline
- 2-6 weeks
- Corporation tax
- IS 10%
No endless background checks to open your company bank account
Thanks to our agreements with Revolut and other partner banks, your company account in another country does not sit for months in reviews: the account opening runs in parallel with the rest of the project, so you can operate sooner.
- No files stuck for monthsWe work with partner banks that know the process and will not ask for the same documents five times.
- Open in daysAn operating account to invoice and get paid, without waiting for months.
- Setup and bank account in parallelWe coordinate both tracks so you lose no time on either.
How a company is opened in Andorra
You decide and you sign. We prepare, review and accompany you step by step.
We analyse your activity and whether it fits
We check whether your sector is open to foreign investment, which licence it needs and the real tax position you would operate under.
We prepare the investment file and the documents you sign
Business plan, activity justification and articles ready for you to file and sign before an Andorran notary.
We coordinate with the notary and the local adviser
We fix the order of the steps and what each one requires, in Spanish and without unnecessary trips.
We set up accounting, IGI and personal income tax
Compliance calendar, bookkeeping and quarterly returns from the first financial year.
Follow-up and your banking relationship
Support with the account opening and with whatever paperwork the Andorran bank requests each year.
Why Andorra
Opening a company in Andorra means setting up an SL with €3,000 of capital, its own NRT tax number and, if the shareholders are not resident, prior authorisation for foreign investment. Corporate tax is 10% and IGI 4.5%, with no withholding on dividends. We study whether your case fits before you move anything.
10% corporate tax and stability, one hour from Spain.
Explore expansion options10% corporate tax
The lowest standard rate in Western Europe, with tax losses carried forward for ten years.
4.5% IGI
The lowest general indirect tax in the region, with reduced rates of 1% and 0% on certain goods.
No dividend withholding
Andorra withholds nothing when paying dividends to non-resident shareholders, and subsidiaries can distribute to the parent at no extra cost.
Treaty with Spain
The double-taxation treaty is in force: it defines where each income stream is taxed and stops you paying twice on the same profit.
No wealth or inheritance tax
Andorra taxes neither wealth nor inheritances, which simplifies holding and investment structures.
One hour from Spain
Close to Barcelona and the Pyrenees, with road links and direct access to the Spanish market.
Explore more about Andorra
Case studies
Hagen Group
We helped Hagen Group, the world’s largest pet supplies company, establish itself in Portugal, Andorra and Italy (×7 sales in Spain).
Portugal · Andorra · Italia
View case
V2C
We supported V2C in its expansion to Portugal, France, Germany and Italy until it became the leader in electric chargers in Europe (+€30M).
Portugal · Francia · Alemania · Italia
View caseFrequently asked questions
Notary and deed fees run between €700 and €1,500 and official fees with the company registry between €400 and €900. Add the €3,000 capital, which is company assets rather than a cost. Those are third-party costs; our fees are quoted after the analysis.
Accounting and tax start at €550/month and payroll at €60/month per employee. The bank may charge maintenance fees and there are annual registry dues. We give you the annual total in writing before you start.
Yes, but foreign investment requires prior authorisation from the Govern, with a business plan and justification of the activity. Each sector has its own ownership limits. We prepare the file for you to sign and file with everything corrected.
Corporate tax is 10%, standard IGI is 4.5% and there is no withholding when paying dividends to non-resident shareholders. Dividends from qualifying subsidiaries are exempt. Personal income tax for residents tops out at 10%.
Other countries to open a company
Book a free call with a specialist
In 30 minutes we outline your expansion strategy with you: target market, legal structure and taxation for your case. No commitment.
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