Laboratory for entrepreneurs
17/02/2021
Since last year 2020, the Government of Andorra and the city council of the capital have made it possible to offer a company domiciliation service to operate in the Principality to coworking spaces that meet a series of requirements. The main objective is to attract talent so that the entrepreneurial sector continues to grow, thus increasing synergies and the community.
Although it is true that the reason for moving to Andorra is that the Principality has one of the most attractive tax frameworks in all of Europe, it is not the main reason why entrepreneurs decide to stay here.
What does the Principality offer to entrepreneurs?
- Limited population growth capacity
- Modern environment equipped with all the necessary services and in the process of constant improvement, ideal in the face of the disappearance of the office as a permanent physical work space
- Natural environment a few minutes from the center, fantastic to disconnect and practice sports
- Citizen security and quality of life
- Strategic location less than 3 hours from Barcelona and Toulouse airports
What does an entrepreneur need for the domiciliation of his/her company?
The fiscal residence of natural persons implies residing at least 183 days a year in Andorra, in addition to residing the main nucleus of economic activities, as well as the center of vital interests, also in the country. In the case of companies, it is essential to establish their “effective address” for the correct establishment of tax residence in Andorra.
Tax haven?
Both the European Union (EU) and the OECD have stopped considering the Principality of Andorra as a tax haven. In recent years the Principality has undergone an intense process of economic opening internationally, which has resulted in adapting the legal and fiscal framework to the European and OECD environment. This has implied a great economic-social transformation, placing Andorra as an international service provision nucleus fully supplied with the legal and fiscal means necessary to compete loyally on a global scale.
