Public Limited Company in Andorra
The public limited company (SocietatAnònima – S.A.) is one of the most common types of company in Andorra. This form of the company offers many advantages, in terms of limited liability (limited to the level of contribution) and regulated access to capital.
The SA is often the legal form of company chosen by large businesses, but it can also be used, as the shares in this type of company can be bearer shares and are therefore more easily transferable.
Registration conditions
SA is most suitable for large businesses and requires a minimum capital is 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 SA 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.
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Register Public Limited Company (SA) jurisdiction with our professional assistance in Andorra. Feel free to contact us.
Timeline
The period of registering Societat Anònima 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 SA 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 60,000;
- any costs related to the issuance of administrative permits.
Compulsory regulation
The minimum number of shareholders is one. There is no residency requirement for shareholders.
Minimum number of directors (or other relevant officers) and residency requirements
The minimum number of directors is one. There are no residency requirements for directors for legal purposes (residency is only relevant for tax purposes).
The minimum share capital is EUR 60,000.
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 Public Limited Company registration
Our consultation services are tailored to assist you with the registration of a Public Limited Company in Andorra. Our experienced advisors will support you in all aspects of setting up your business, from preparing the initial paperwork to obtaining the required permits and registrations. We offer individualized advice on legal obligations, share capital, and corporate structure to help you make well-informed choices that are in line with your business objectives.
Ownership management
Handling ownership of a Public Limited Company is a challenging yet vital responsibility. Our services involve managing ownership changes, overseeing beneficial owners, and facilitating ownership transfers. We guarantee that all changes in ownership are accurately recorded and adhere to current regulations.
Corporate structure changes
As your business grows, your corporate structure may also change. Whether you need to replace directors, update nominee details, or make other structural modifications, we offer thorough services to help these changes happen smoothly and quickly.
Share capital management
Proper management of share capital is crucial for the financial well-being of your business. Our services can assist you in raising, decreasing, selling, and transferring share capital in compliance with legal regulations to ensure precision in all transactions.
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