Andorra has a regulated registration of Foundations by law of 2008; however it is a company form which is very seldom used by private individuals.
It is mostly used by institutions and companies for humanitarian work and social legacies. However, it can also be used as Heritage Foundation.
Minimum capital of the foundation must be 100.000 €. The foundation’s Board must include as a minimum a director of Andorran nationality and a secretary.
All foundations must submit yearly annual accounts to the government as well as a report of its activities.
There is no taxation on Foundations in Andorra.