Limited Liability Company in Andorra
Andorra is one of the most popular European jurisdictions in which registration of different types of companies is possible – Societat Limitada (S.L.) – Limited Liability Company, Societat Anònima (S.A.) – Joint Stock Company. Besides, the jurisdiction is extremely loyal to foreign investors and offers them attractive business conditions. Starting a business in Andorra as a foreign investor is quite easy given that the same rules apply to local and foreign entrepreneurs.
Societat Limitada (LLC) Registration conditions
There are two types of limited liability companies in Andorra: SL (Societat Limitada) and SA (Societat Anonima). Small and medium-sized organizations usually choose the SL form with a minimum declared authorized capital of EUR 3,000, while SA is more suitable for large businesses and requires a minimum capital of EUR 60,000. The main advantage of SA is the relative flexibility of work with a large number of shareholders, which translates into easier conditions for attracting investors, selling shares to third parties, etc. The share capital for both forms must be paid in full prior to registration.
There is a permissive principle of registration of a legal entity In Andorra, this is expressed in the need to obtain special permission from the government of Andorra to open a company and conduct business.
Get started
Register Limited Liability Company (Societat Limitada) in Andorra jurisdiction with our professional assistance.
Timeline
The period of register LLC Company in Andorra takes from 2.5 to 3 months.It consists of Engagement planning company incorporation, corporate bank account approval, corporate internet banking approval, engagement completion.
Fees
Setting up an SL entails certain costs, including:
- notary fees;
- the cost of publication in the Trade and Companies Register;
- statutory auditor fees, if a statutory auditor is required;
- a share capital contribution of at least EUR 3,000;
- any costs related to the issuance of administrative permits.
Compulsory regulation
Along with necessary documents, it will be needed to provide a detailed business plan, including information about foreign investors, their professional experience, an approximate amount of investment, a description of activities in Andorra, internal and external business resources, marketing information, strategic planning, target company growth in the coming years, profitability and profitability forecast, source of funds, etc.
A permit is usually issued to everyone if the company cannot harm national security, the environment or any strategic interests of Andorra. In parallel with filing an application for a permit, we recommend that you immediately start opening a bank account so that by the time the permit is received, you can transfer the authorized capital to this account and start looking for an office. You can pay for the office rent from the company’s open account.
After obtaining permission, selecting an office and legal address, receiving a bank statement about an open corporate account, you can contact a notary to register a company.
Documents
For individuals:
- Copy of passport with apostille.
- Original police clearance certificate with apostille with a notarized translation.
For legal entities:
- Apostilled company registration certificate.
- Company charter with apostille.
- A copy of the passport of the company representative with an apostille.
- Original power of attorney for a company representative with an apostille.
- Original police clearance certificate with apostille and notarized translation to a company representative.
- 2 copies of the minutes of the meeting of shareholders with a decision to invest in a company in Andorra, with an apostille and a notarized translation.
Consultation about Limited Liability company registration
Our consultation services for registering a Limited Liability company are meant to assist you in setting up your business in Andorra. Our expert advisors will help you with everything from preparing paperwork to securing permits and registrations, ensuring a seamless and effective process. We offer personalized advice on legal obligations, share capital, and corporate structure to help you make well-informed choices that support your business objectives.
Ownership management
Handling the ownership of a Limited Liability company can be difficult yet essential. Our services involve dealing with modifications in ownership, overseeing beneficial owners, and supervising ownership transfers. We guarantee that all changes in ownership are accurately recorded and adhere to current regulations.
Corporate structure changes
As your company grows, your organizational structure may also need to evolve. If you require revisions to your board of directors, updates to nominee details, or any other structural modifications, we offer thorough services to help you navigate these changes seamlessly and effectively.
Share capital management
Properly managing share capital is crucial for the financial well-being of your company. We provide assistance in enhancing, decreasing, selling, and transferring share capital to guarantee that all operations are done correctly and in compliance with the law.
Register Limited Liability company
Ready for next step
Accelerate your business growth while we take care of corporate bank account and bookkeeping.