Local SL · foreign-investment authorisation
Andorra — Company formation
The minimum share capital is EUR 3,000 for an SL and EUR 60,000 for an SA. The registered office must be in Andorra. The SA follows different capital and fee rules and is not covered by the SL description. The quote must state the registered office in Andorra, notary fees, Government fees, the investment application and bank support. These are not confirmed inclusions.
Overview
Societat Limitada (SL / SLU)
The minimum share capital is EUR 3,000 for an SL and EUR 60,000 for an SA. The registered office must be in Andorra. The SA follows different capital and fee rules and is not covered by the SL description. Entity choice is confirmed against the ownership and intended activity; capital contributions are separate from service fees.
Good fit for
- An Andorran limited company formed by notarial deed after name reservation and, for non-resident founders, foreign-investment authorisation.
- A local operating company or subsidiary with a documented commercial purpose
Limitations to plan for
- Foreign-investment authorisation is a separate decision before the deed, not a formality of registration.
- Commercial activity is registered separately with the Register of Commerce and Industry.
- Bank onboarding is the bank's own decision; it is also needed for the capital certificate.
- Management location, owner tax residence and operations abroad may create tax and reporting obligations outside the place of incorporation. No tax rate or exemption is assumed.
Banking
Banking application assistance is optional and separately quoted. Banks assess the owners, beneficial owners, activity, source of funds and local connection independently. Incorporation does not guarantee an account or remote identification.
Package and price
An independent licensed provider files the company; BDA coordinates. Final inclusions are confirmed in the written offer after KYC.
Andorra formation
From €12,690
Usually part of formation
- Foreign-investment authorisation from the government
- Name reservation and notarial deed of incorporation
- Capital deposit and registration in the Register of Companies
Optional, quoted separately
- Local address or registered office, to be confirmed in the offer
- Residence application, where the case supports it
- Bookkeeping and accounting
- Bank-account application support (KYC and application, no guaranteed approval)
Every year
- Accounts and corporate tax return
- Commercial licence renewal
- Bookkeeping and accounting
The Government page states an SL registration fee of EUR 1,016.67 and, for a holding company or one without an open business, an annual maintenance fee of EUR 851; a company with an open business registered in the Register of Commerce and Industry pays that register's fee instead (EUR 214.21). Check current amounts. Annual accounts, tax returns and changes are confirmed per case.
Steps and documents
How formation runs
- 01
Reserve the company name with three proposals, the corporate object and the legal form (SL, SLU, SA, SAU).
- 02
After the name is approved, a non-resident foreign founder applies to the Government for foreign direct investment authorisation.
- 03
Open an account with an Andorran bank, pay in the initial capital and obtain the bank certificate.
- 04
Sign the public deed before an Andorran notary, who sends it to the Register of Commercial Companies; then collect the registration certificate.
Documents and requirements
- Passport and proof of address for every owner, director and beneficial owner
- Short CV or business background
- Description of the activity, countries and expected flows
- Evidence of source of funds
- Foreign-investment authorisation is a separate decision before the deed, not a formality of registration.
- Commercial activity is registered separately with the Register of Commerce and Industry.
- Bank onboarding is the bank's own decision; it is also needed for the capital certificate.
Separate scope · not included by default
Optional corporate services
Nominee director
An appointed director serves on the company's governing body and has real statutory and fiduciary responsibilities. This is not simply a name on a register: decision-making powers, signing authority and reporting duties must be agreed lawfully.
Availability and price on request
Administrators manage the SL and are appointed and removed by the general meeting; they carry legal duties to the company. Availability and fee of a professional administrator are on request.
Nominee shareholder
A nominee shareholder holds registered legal title to shares for an identified beneficial owner under a lawful, documented arrangement. Voting, dividends, instructions and transfer rights must be defined; this is a different role from a director.
Availability and price on request
Partners' identity documents are presented to the notary and foreign investment is authorised for the actual investor. A nominee holding cannot replace that authorisation; any arrangement is on request after legal review.
Beneficial-owner identification and bank/registered-agent KYC still apply. Nominee arrangements do not guarantee anonymity, an account, residence or a tax result. Availability, approvals and duties depend on local law and the provider's acceptance; some arrangements are unavailable or prohibited.
Banking application assistance
Business profile, ownership documents and application coordination. The bank makes its own decision; opening fees and ongoing bank charges are separate.
Registered office & company administration
Address, agent or secretary arrangements where required, corporate amendments and annual compliance coordination. The quote must state each service and period covered.
Incorporation is the easy part.
Most structures run into trouble later — at the bank, or with tax authorities. We plan for these from day one.
The bank says no
A company without a clear activity, substance or source-of-funds story is hard to bank. The account route is assessed before incorporation, not after.
Tax residence follows management
Where a company is managed and where its owners live can matter more than where it is registered. This is reviewed with qualified tax advisers.
Permanent establishment
Staff, offices or decision-making in another country can create a taxable presence there. The operating model is mapped early.
Automatic exchange of information
Under CRS and FATCA, account information is shared between many countries. Structures are designed to be transparent and compliant.
Questions
Which company type is used in Andorra?
Societat Limitada (SL / SLU): The minimum share capital is EUR 3,000 for an SL and EUR 60,000 for an SA. The registered office must be in Andorra. The SA follows different capital and fee rules and is not covered by the SL description. Entity choice is confirmed against the ownership and intended activity; capital contributions are separate from service fees.
Can a Andorra company open a bank account?
Banking application assistance is optional and separately quoted. Banks assess the owners, beneficial owners, activity, source of funds and local connection independently. Incorporation does not guarantee an account or remote identification. Banks decide independently. We prepare the application and explain likely options; no account is guaranteed.
Is the local tax rate my total tax?
No. Where the company is managed, where income arises, reporting rules and the owners’ own tax residence can create tax elsewhere. A qualified tax adviser reviews this before incorporation.
Is the starting price final?
No. It covers the simplest eligible case. Government fees, annual charges, VAT and third-party costs are confirmed in a written scope before payment.
Low or zero local tax is conditional
A local rate is not your total tax. Where the company is managed, where income arises, reporting rules and the owners’ own tax residence can create tax elsewhere. Your position is reviewed with a qualified tax adviser before incorporation.
Who files the company and how long does it take?
An independent local registered agent or corporate service provider, where required and suitably qualified. BDA coordinates. Timeline: Given after KYC review; depends on the registry and the provider.
Can ownership stay anonymous?
No. Beneficial owners are identified to providers and banks, and to registries where the law requires. Nominee services, where lawful, do not replace this disclosure.
Can a nominee replace beneficial-owner disclosure?
No. The director and shareholder roles are separate legal appointments. Beneficial owners must still be identified for applicable registry, agent and bank checks. Neither service is automatically available or included in formation.
Discuss a Andorra company
Tell us the activity, owners and where you live. We reply with a first view and the next step.