Accounting & management in Andorra

Every Andorran company must keep accounts compliant with the national chart of accounts, file its annual accounts, and file corporate tax and IGI returns within statutory deadlines — whether the business is thriving, just starting out, or temporarily inactive. Our accounting team handles this entire process: bookkeeping, filings, filing of accounts, payroll and CASS where you employ staff, and a regular management review to help steer your business — not just report on it after the fact.

Two services complete the offering: outsourced administrative management for your Andorran back office, and our Booster 360° platform to track your business in real time, connected directly to our team's work.

An SL, SLU, SA or SAU must keep orderly accounts, retain invoices and supporting documents, and prepare annual accounts that faithfully reflect the company's assets, financial position and results. These accounts must be approved by the shareholders within the first six months following the year end, then filed electronically with the relevant register. Signed accounting records must be kept at the registered office for six years.

Failing to file on time isn't a minor oversight: it can lead to publication in the BOPA, certain administrative formalities being blocked, and a penalty ranging from €601 to €2,000. A dormant or inactive company remains subject to the same obligations — having no turnover doesn't exempt you from filing accounts.

The general corporate income tax rate is 10%, calculated on taxable profit after adjustments required by law — never on turnover. The return must be filed and the tax paid within the deadline following the year end, whose date depends on the company's chosen financial year.

IGI, the consumption tax, applies at a general rate of 4.5% — with reduced or increased rates depending on the type of transaction. How often it needs to be filed depends on the volume of business: quarterly for most small structures, with specific rules depending on turnover and sector. A company invoicing foreign clients also needs to determine whether IGI applies, is reverse-charged, or doesn't apply at all, depending on where the service is deemed to take place — something we check activity by activity, not once and for all.

Every company must allocate 10% of its annual positive result to the legal reserve, until it reaches 20% of share capital — an obligation often overlooked in the early years, yet one that must appear in the allocation of profits approved at the general meeting. On top of this come keeping the shareholder register up to date, updating beneficial ownership information, and retaining minutes of general meetings.

An annual audit isn't automatic: it becomes mandatory when, over two consecutive financial years, the company exceeds at least two of the following three thresholds — total assets above €3.6 million, annual turnover above €6 million, or a headcount above 25 employees for an SL, 50 for an SA. An audit is also required where turnover exceeds €10 million over two consecutive financial years. We track these thresholds with you from one year end to the next, so the requirement is anticipated before it becomes urgent.

As soon as an Andorran company employs staff, it must register with CASS, Andorra's social security body, and register each employee no later than the day their employment begins. Our service handles preparing payslips, periodic social security filings, tracking employer and employee contributions, and the formalities for staff joining and leaving. For a director managing a newly incorporated company, the obligation to contribute generally begins thirty calendar days after the company's registration with the Companies Register.

Beyond accounting, running an Andorran company generates a steady stream of formalities — official correspondence, dealings with the Government and the Comú, renewing authorisations, various certificates, legal secretarial work. Our administrative management service becomes your single point of contact on the ground: you run your business, we absorb the details that, left unattended, always end up costing time or triggering a reminder notice.

Our Booster 360° platform links your day-to-day management — quotes, invoices, payments, documents — directly to our accounting team's work. What you enter feeds straight into the year-end close; your deadlines are visible on both sides; the back-and-forth over supporting documents disappears. The concrete result: a faster close, fewer data-entry errors, and management insight available all year round — not just when the accounts are handed over.

Our support begins as soon as your company is registered, in coordination with the company formation team. It then follows a regular rhythm — periodic bookkeeping and tracking, management check-ins to anticipate tax and social security deadlines, preparation of annual accounts, filing on time, and a year-end review to actually discuss the results rather than simply receive them. Our fee is adjusted to the real volume of transactions, the sector of activity, and whether or not you employ staff — a dormant file doesn't need the same level of attention as a fast-growing company.