When notarising the statutes it is normal to get the pret nom to sign a Fiduciary Document and a Power of Attorney giving freedom to operate the company and to transfer the ownership of the shares at a later date.
To get the Certificate of Registration from the Government it is necessary to produce a Certificate from an Andorran bank stating that a sum of money has been paid into the (provisional) account of the company to the amount of the paid up capital of the company. The account is provisional in that the bank will require sight of the Certificate of Registration before confirming the establishment of the account.
Being an officer of an Andorran company does not automatically give a person the right to work in Andorra, for this a Permis de Treball (Work Permit) is required. People in possession of, or applying for a Residencia, are advised that if they seek employment they may be required to give up their Residencia in exchange for a Permis de Treball, which gives the right of abode in Andorra during the period of the Permis, normally six months. After working in Andorra for 18 months it is possible to apply for a Permis de Residencia i Treball, a combined Residence and Work Permit.
The approximate costs involved in company registration are as follows: to the Govern d'Andorra for a Suplica (application form) for an S.A. 1277 Euros; for an S.L. 842 Euros. Thereafter an annual tax is charged by the Govern d'Andorra of 700 Euros for an S.A. company and the same amount for an S.L. This amount is reduced by 50% once the Obertura de Comerc has been applied for. The cost of applying is 120 Euros. If the company is actively trading from an Andorran office, the local Comú where the business is based then applies its local annual tax - e.g. La Massana 810 Euros, for a registered 'administration of assets and real estate company'. If the company is a 'letterbox' company then it does not have to be registered with the Comú.
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