Question 1

Do I need a Data Protection Officer for my company in Andorra?

Accepted Answer

It is essential to consider the type of personal data you process and whether you do so on a large scale, in order to assess whether it is necessary to appoint a Data Protection Officer (DPO) before the APDA.

Question 2

What obligations must I comply with regarding data protection for my company?

Accepted Answer

You will need to design data protection protocols, with measures implemented by design and by default. If you process data on a large scale, you will also need to maintain a Record of Processing Activities (RoPA), appoint a Data Protection Officer (DPO), ensure proper data processing agreements are in place, etc.

Question 3

I need a lawyer in Andorra to handle my company’s day-to-day queries—what services do you offer?

Accepted Answer

If you need a lawyer in Andorra, we offer recurring legal services that give you access to a lawyer to handle your day-to-day queries, with a maximum response time of 48 hours.

Question 4

Is it possible to access legal services in Andorra without hiring a recurring monthly legal service?

Accepted Answer

Yes, in this case, you can hire legal services exclusively for a specific matter, without the need to engage in a recurring monthly legal service.

Question 5

I want to set up a company in Andorra with partners who will not reside in the Principality of Andorra— is this type of corporate structure viable?

Accepted Answer

Yes, in this case, some of the partners may not reside in Andorra. However, the corresponding foreign investment procedures will need to be processed if required.
That said, the company in Andorra must always have sufficient substance in the country—for example, having at least one partner or director who is resident in Andorra.

Question 6

If I set up a company in Andorra with multiple partners, do I need to sign a shareholders’ agreement first, or should it be done after the company is incorporated?

Accepted Answer

A shareholders’ agreement is a highly recommended document to establish the rules and operations of the company before starting its activity, in order to avoid future issues.
This document ensures that the interests of the partners are protected, regardless of any situation that may arise in the future.

Question 7

I need to carry out an investment round for my company in Andorra to inject capital into the business. Can you help me?

Accepted Answer

Yes, this is one of our flagship services. We can assist you with all the legal documentation required to carry out a capital increase, in English, French, Catalan and Spanish.

Question 8

I want to buy a property in Andorra—what should I take into account?

Accepted Answer

Given that current regulations are constantly changing, it is very important that before making this decision—and especially before signing the deposit agreement—you seek advice on the taxes that will apply to your personal situation and the limitations that currently exist.

Question 9

I need to open a bank account in Andorra for my company, can you help me?

Accepted Answer

At Eleva, we work with a pre-compliance system in which we prepare a fully tailored dossier that meets the requirements of each Andorran banking institution, achieving a 95% success rate in our bank account opening procedures in the Principality of Andorra.

Question 10

I need to stay up to date with all applicable regulations affecting my company—do you offer regulatory compliance services (i.e., compliance)?

Accepted Answer

Yes, at Eleva we ensure that companies can fully comply with all applicable laws in their specific sector, and we carry out compliance officer functions for companies that require it.