Andorra is a small, landlocked country located in the Pyrenees mountains between France and Spain. It is known for its low tax rates and business-friendly environment, making it an attractive destination for entrepreneurs looking to start a business in Europe. In this article, we will provide you with a comprehensive guide on how to register a business in Andorra.
Table of Contents
Step 1: Choose a Business Structure
The first step in registering a business in Andorra is to decide on a business structure. You can choose between the following types of business structures:
Sole Proprietorship
Partnership
Limited Liability Company (S.L.)
Public Limited Company (S.A.)
Cooperative
Branch Office
Representative Office
Each business structure has its advantages and disadvantages, and it is important to choose the one that best suits your needs and objectives.
Step 2: Choose a Business Name
Once you have decided on the business structure, the next step is to choose a business name. The name should be unique and not already in use by another business in Andorra. You can check the availability of your chosen name on the Andorran Trade Register website.
Step 3: Obtain a Tax Identification Number (NRT)
To register your business in Andorra, you will need to obtain a Tax Identification Number (NRT) from the Andorran Tax Agency. You will need to provide your personal information and details of your business, including the business name, legal form, and activity.
Step 4: Register Your Business
To register your business, you will need to submit an application to the Andorran Trade Register. The application should include:
Business name and legal form
Business address
Business activity
Names and addresses of shareholders or partners
Articles of Association (for S.L. and S.A. companies)
Copy of Tax Identification Number (NRT)
Proof of payment of the registration fee
Once your application has been approved, you will receive a registration certificate from the Andorran Trade Register.
Step 5: Obtain Business Licenses and Permits
Depending on the nature of your business, you may need to obtain additional licenses and permits from the relevant authorities in Andorra. For example, if you are opening a restaurant, you will need to obtain a license from the Ministry of Health and Social Welfare.
Step 6: Open a Bank Account
To operate your business in Andorra, you will need to open a bank account. You can choose from a range of banks in Andorra, including Andbank, Crèdit Andorrà , and Banca Mora.
Step 7: Register for Social Security and Health Insurance
All businesses in Andorra are required to register for social security and health insurance for their employees. You will need to register with the Andorran Social Security and Health Insurance Service (CASS).
Generis Global can help you with your business in Andorra
Starting a business in Andorra can be a complex and time-consuming process. Generis Global is a firm that specializes in helping entrepreneurs and businesses navigate the legal and regulatory landscape in Andorra. We can help you with every step of the registration process, from choosing a business structure to obtaining licenses and permits. Contact us today to learn how we can help you with your business journey in Andorra.
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Additional Resources
| Resource | Link |
|---|---|
| Company Registration with the Andorran Government | Andorran Government |
| Foreign Investment Application | Advantia Advisory |
| Business Bank Account Setup | MoraBanc Business Banking |
| Obtaining NRT (Tax Registration Number) | Andorra Guides – Taxes |
| Company and Legal Structure Information | Setup Andorra |
| Public Notary Services in Andorra | Andorra Notary Services |
| Commercial Registry Access | Andorra Commercial Registry |
| Legal and Tax Advisory Services | Andorra Insiders |
| Understanding Andorran Taxes and Business Law | Laduchi Consult |
| Guidance on Economic Substance and Business Operations | Andorra Inc |