Andorra has become an increasingly attractive jurisdiction for internationally oriented businesses due to its competitive tax framework and business-friendly environment. Companies benefit from a 10% flat corporate tax rate, an IGI (VAT) rate of 4.5%, among the lowest in Europe, and the ability to carry forward tax losses for up to 10 years. In addition, dividends paid to non-resident shareholders are generally not subject to withholding tax, subject to applicable conditions and structuring requirements. These features make Andorra particularly relevant for entrepreneurs, holding structures, consulting firms, technology businesses, and other companies serving international markets.
The value of a business relocation ultimately depends on whether it is structured correctly from the outset. Establishing genuine operational substance, aligning management functions with the new jurisdiction, and implementing a defensible long-term structure are often more important than the tax rates themselves. For business owners seeking to relocate to Andorra, the goal should not simply be a lower-tax company, but a relocation strategy capable of standing up to scrutiny years after the move has taken place.