Stripe is one of the most internationally recognized payment gateways. Every day more and more companies join its implementation; however, if your business is based in Andorra, it is very possible that you have doubts about whether or not you can use Stripe officially. Below, we clarify all your questions regarding the use of Stripe in Andorra.
The answer is no, Stripe is not officially supported in Andorra. However, there are other ways you can consider to get this service, although you need to follow some very specific steps.
As a starting point, it should be noted that it is not officially possible to open a account of Stripe in Andorra, but there are ways to do this if you set up your business in the UK.
Before starting the company incorporation procedure, it is essential to carry out a thorough research and selection of the appropriate company structure to set up your company in the UK. Whether you are a limited company, a sole trader or a partnership, each structure has its own specific legal advantages and responsibilities.
Once you know which company structure is most appropriate, you must register your company in the UK. This process involves preparing the relevant documentation, registering with Companies House, and acquiring a unique company registration number known as a CRN.
The CRN is a unique identifier designed to recognize the company and confirm its establishment as a legal entity in the commercial registry, being considered an independent legal entity.
One of the necessary conditions for the incorporation of a company based in the United Kingdom is to have a duly registered company address in the United Kingdom.
Having a UK business bank account is essential to effectively manage your financial resources and to facilitate receiving payments through Stripe.
Once you have established your company and your UK bank account, it’s time to start the application process for a Stripe account.
Just as you can access Stripe in Andorra by setting up your company in the UK, you can also access this payment gateway by setting up your company in the US. The requirements are very similar and we show them below:
As you can see, the requirements for opening a Stripe account by setting up your business in the US are similar to those in the UK.
Stripe is one of the most popular payment gateways in recent years because it provides numerous benefits.
In conclusion, using Stripe in Andorra involves overcoming certain official limitations, but can be achieved by setting up your company in the UK or US. Remember that you must register your company, obtain a CRN in the UK or EIN in the US, acquire a business address and open a bank account.