In the heart of the Pyrenees, Andorra is emerging as a veritable Eldorado for start-ups seeking an environment conducive to their development. Combining a highly advantageous tax system with an exceptional living environment, the principality is attracting a growing number of visionary entrepreneurs. At And Capitala firm specialized in business support in Andorra, we unveil the wide range of support and services available to Andorran startups.
Andorra, the promised land of innovative startups
Nestled between France and Spain, Andorra has forged a reputation as a tax oasis, attracting many entrepreneurs looking for an optimal setting in which to launch their business. In addition to its tax advantages, the principality has developed a genuine ecosystem that is favorable to start-ups, focusing on innovation and new technologies.
A highly competitive tax system
One of Andorra's main attractions is its particularly advantageous tax system for businesses. With a corporate tax rate capped at 10%, well below the European average, and one of the lowest VAT rates on the continent (4.5%), the principality offers ideal conditions for optimizing your startup's profitability.
"In Andorra, start-ups can concentrate on their development without suffering excessive tax pressure. This is a considerable advantage when it comes to accelerating their growth."
- The And Capital team
Some sectors, such as international trade, investment or intangible asset management, even benefit from specific tax exemptions. All the more reason to give eligible startups an extra boost.
Tailor-made support for entrepreneurs
In addition to tax incentives, Andorra offers a wide range of services and support to entrepreneurs at every stage of their journey. Dedicated structures, such as Andorra Business, the principality's economic development agency, make it easier for foreign start-ups to set up in Andorra by opening the doors to the local ecosystem.
Entrepreneurs can also count on the expertise of specialist firms such asAnd Capitalto guide them through the business start-up, d'tax optimization oropening a bank account. Invaluable support for serene navigation in the Andorran environment.
Fertile ground for technological innovation
Andorra is firmly committed to innovation, and more specifically to new technologies, to position itself as an essential hub in the Pyrenees. The principality is multiplying initiatives to stimulate the growth of tech startups, investing in digital infrastructures and supporting innovative projects.
Startups in fields such as artificial intelligence, blockchain and cleantech will find it an ideal playground for experimenting and developing their solutions before setting out to conquer international markets.
Enjoy the benefits of Andorra with resident status
To take full advantage of the benefits Andorra has to offer, there's no better place than Andorra. passive house or its active residence. By becoming a resident, the entrepreneur gains access not only to optimal tax conditions for his business, but also to particularly mild income taxation.
Active residents, who carry out a professional activity in Andorra, are taxed at 10% on their income, while passive residents, who derive their income from sources outside the principality, benefit from the most attractive flat-rate taxation.
Much more than a tax haven
Andorra's exceptional living environment is another reason why it is so attractive to start-ups. With its breathtaking mountain scenery, modern infrastructure and pleasant climate, the principality offers an ideal environment for combining work and quality of life.
Entrepreneurs will find here a balance conducive to their personal and professional fulfillment, far from the stress and bustle of major metropolises. What better way to stimulate creativity and motivation!
Benefit from expert support with And Capital
At And CapitalWe're convinced that Andorra has what it takes to become the next Eldorado for start-ups. Our team of experts is on hand to guide you through the process of setting up your business in Andorra, and to help you make the most of all the advantages the Principality has to offer.
From the setting up your holding company to thetax optimization of your structure, including the procedures for residenceWe can offer you tailor-made support to make your project a success.
Ready to start your own business in sunny Andorra? Contact us now to discuss your project and benefit from our personalized advice!
