What could be better than living or establishing a firm in a country of beautiful landscapes and a place closely associated with nature? One such place is Andorra. The benefits of laying down a company there would be phenomenal. The changing tax status is another factor dominating the splurge of companies in Andorra.
Top Reasons Why to establish a company in Andorra
The country has France to the north and Spain to the south. This geographical location factor is considered apt and suitable for setting up a company here. The double taxation agreements with many countries are also a crucial aspect to determine the economic infrastructure.
The tax advantage enjoyed by the country’s residents, the robust, economical model, is apt to Crear Empresa en Andorra. If we talk about stats, income tax is a maximum of 10%, accompanied by the value-added tax is just 4.5% which is the lowest value in Europe.
Some other phenomenal advantages include –
- Premium education quality provides different models for suitable infrastructure.
- Labor costs are lower. So, the overhead expenditure would be significantly less.
- Economical set-up and top-notch quality infrastructure accompanied by almost insignificant crime rates are some additional business advantages.
Guide on How to Create a Company in Andorra
Prerequisites- To Crear Empresa en Andorra, all you need is some documents mentioning criminal record (if any), passport, CV, or income statement.
- With so many plus points, all you need to do is request the government for the new company name.
- Agency will send confirmation to you in 10days.
- Later you need to present documents detailing the information, source of funds, and activities to the bank application.
- After this, the company would be registered in the Andorran Mercantile Registry.
- Now one can start the activities involved.
There is not even a single reason why one would not want to establish a company here. All the factors are in favor of the same. So, present your transparent documents and open a firm in Andorra for massive monetary benefits.