Offshore company formation. Business in Andorra: 2% profit tax. Right to work

[Irina Rybalchenko]

The registry of companies and offshores in Andorra. To buy a company in Andorra with the opportunity to minimize taxation up to the level of 2% profit tax. “Active” residence with labor permit (Compte propi)

Starting from 2012 non-residents are allowed to launch private Andorran companies with the rights equal to the ones of the citizens of the Principality, though the application for such company should be first of all approved by the Department for Foreign  Investments. A launched company should comply with certain requirements. Thus, due to the existing governmental policy of ecological balance preservation, the applications for industrial projects are declined in the majority of cases. The total amount of activity domains, welcomed by the Government of Andorra, makes up about 200: trade, tourism, high-tech, education, construction etc.

In accordance to new rules, any person that possesses 10% or more of a company has the right to claim for “active” or Category B residency.

Currently it is possible to register the following institutional types of private companies: look here for details: https://all-andorra.com/company-formation/