Business Valuation, Tax Reports and Corporate Restructuring in Andorra
Three distinct services. One shared goal: ensuring every business decision is backed by sound technical expertise.
- +25 years of experience
- 3,000+ clients advised
- 360º Legal · Tax · Wealth
The Technical Challenges Behind Business Transactions in Andorra
There are business decisions that leave no room for error: selling a company, restructuring a corporate group, or responding to the tax authorities with a robust technical report. In every case, the quality of the economic and legal analysis supporting the decision determines whether the transaction is executed successfully or gives rise to issues that may persist for years.
Today’s Andorran regulatory environment demands a higher level of technical rigour than ever before. Andorran tax legislation, aligned with OECD standards, has significantly raised the requirements for documentation supporting related-party transactions, shareholder transfers and corporate reorganisations.
A mediocre technical report is no longer enough to defend your position before the tax authorities. A well-prepared report is the difference between a secure transaction and one burdened by hidden tax risks.
What Does It Mean to Integrate Business Valuation, Tax Reports and Corporate Restructuring Within One Team?
At Augé, we have built a practice that brings together three services that many firms provide separately and with little coordination. The reason is straightforward: in real-world transactions, these services depend on one another.
NOT THIS
Three separate engagements handled by different specialists who do not share information, do not align their criteria and ultimately deliver reports that fail to support one another before the tax authorities or the other party to the transaction.
THIS IS
A well-structured corporate reorganisation begins with a robust business valuation. A valuation that can withstand scrutiny from the tax authorities requires a technical report based on recognised methodologies. And a sound tax report depends on a thorough understanding of the corporate structure being analysed.
Three Services That Work Best Together in Practice
The equation is not just economic; it is strategic. But the numbers count, too.
Value-Added Tax Reports
Related-party transactions, share transfers between shareholders, contributions in kind and tax-neutral corporate reorganisations now require technical reports that substantiate the valuation approach adopted, the methodology applied and the reasonableness of the outcome.
Without a robust technical report → your position is difficult to defend before the tax authorities.
Business Valuation
Whether in business acquisitions and disposals, shareholder disputes, succession planning or negotiations with financial institutions, the difference between a robust valuation and a superficial estimate can amount to millions of euros—or the loss of a transaction that should have been successfully completed.
Without a defensible valuation → the other party determines the price.
Corporate Restructuring
Over time, corporate structures tend to accumulate tax inefficiencies, legal risks and operational complexity that weigh on the business without any conscious decision having been made. A well-designed corporate restructuring simplifies the organisation, improves efficiency and prepares the group for its next stage of growth.
Without a strategic overview → everyone pays the price for inefficiencies that no one deliberately created.
How We Work
Three Service Areas, One Integrated Approach
Our objective is not simply to produce documentation. It is to ensure that every transaction is supported by the technical analysis needed to protect it.
Value-Added Tax Reports
A value-added tax report is not a bureaucratic formality—it is the technical document that protects a transaction against future challenges. At Augé, we prepare every report to the same standard we would expect from the tax authorities themselves during a review.
- Valuation reports for related-party transactions (transfer pricing).
- Documentation supporting share transfers between shareholders based on arm’s length market value.
- Technical reports for contributions in kind and share-for-share exchange transactions.
- Valuation reports supporting transactions carried out under the tax neutrality regime.
- Independent expert reports for disputes with the tax authorities or between private parties.
- At Augé, every report is prepared with the same level of rigour that the tax authorities would apply when reviewing it.
Business Valuation
A professionally prepared valuation report is far more than a number—it is a technical document that must withstand scrutiny from the other party, their advisers, a court or the tax authorities. At Augé, we apply internationally recognised valuation methodologies—including discounted cash flow (DCF), market multiples and adjusted net asset value—supported by direct access to the company’s financial information.
- Business and share valuation for acquisitions and disposals.
- Valuation reports for the entry or exit of shareholders and investors.
- Valuations for succession planning and matrimonial property settlements.
- Valuation reports for financing, refinancing and capital-raising transactions.
- Periodic valuations supporting clients’ ongoing accounting and financial management.
- Expert valuation reports for disputes where the value of a company or shareholding is contested.
- Every business has a value. The challenge is that the outcome depends on who performs the valuation, which methodology is applied and the quality of the information available.
Corporate Restructuring
At Augé, we design corporate restructurings that combine legal, tax and financial expertise into a single, coherent strategy. Every project includes an assessment of the implications in each relevant jurisdiction together with the technical documentation required to support the transaction.
- Planning and implementation of mergers, demergers and business transfers.
- Creation and reorganisation of holding structures for tax efficiency and asset protection.
- Pre-sale restructuring and preparation for the entry of new investors.
- Simplification of complex corporate structures involving multiple entities or cross-shareholdings.
- Restructuring planning with tax neutrality analysis and supporting documentation.
- Coordination with advisers in other jurisdictions on cross-border group restructurings.
- A company's corporate structure is often the result of historical decisions made without an overall strategic vision. A well-designed restructuring brings clarity, efficiency and purpose back to the organisation.
What Your Transaction Should Have in Place Before It Moves Forward
Ensure that every business decision has the technical foundation it deserves.
Selection of the valuation methodology best suited to the transaction.
A technical report supporting the valuation approach adopted
Documentation for related-party transactions in accordance with OECD standards.
Tax neutrality analysis for corporate restructuring transactions.
A robust business valuation completed before any restructuring takes place.
Full alignment between the tax report, the valuation and the legal structure.
Who Can Benefit from Corporate Advisory Services
Every business decision deserves a solid technical foundation.
Companies and corporate groups that need to document related-party transactions or share transfers for the tax authorities.
Shareholders and investors buying, selling or reorganising their holdings who require a defensible business valuation.
Corporate groups seeking to simplify, optimise or transform their organisational structure.
Businesses involved in mergers, demergers, business transfers or corporate liquidations.
Directors and boards requiring technical reports to support strategic decisions or negotiations.
Family-owned businesses managing succession processes where business value and corporate structure are key considerations.Frequently Asked Questions
Informe defensable ante la administración, la contraparte o un tribunal
Frequently Asked Questions
When is a business valuation report required by the Andorran tax authorities?
Andorran tax legislation requires technical documentation for related-party transactions, share transfers, contributions in kind and corporate restructuring transactions carried out under tax neutrality regimes. A well-prepared technical report is not simply a formality—it is the document that protects the transaction if it is ever challenged.
Which valuation methodologies does Augé use?
We apply internationally recognised valuation methodologies, including discounted free cash flow (DCF), EBITDA market multiples and adjusted net asset value. The methodology selected depends on the nature of the business, the industry in which it operates, the purpose of the valuation and the quality and availability of financial information.
How long does it take to prepare a business valuation report?
A standard valuation report typically takes between two and four weeks from the date we receive the complete financial information. For time-sensitive transactions, we can work within accelerated deadlines whenever feasible.
What is the difference between a tax-neutral restructuring and a standard restructuring?
A tax-neutral restructuring—such as a merger, demerger, share-for-share exchange or transfer of a business division—allows taxation on capital gains to be deferred, provided the statutory requirements are met and the necessary technical documentation is properly prepared. By contrast, a standard restructuring generally gives rise to taxation at the time the transaction is completed.
Are these services only available to Andorran companies?
No. We advise international groups with operations in Andorra, as well as businesses establishing structures involving the Principality. For cross-border restructurings, we work closely with trusted local advisers in the relevant jurisdictions.