Company formation in Andorra
The following legal models exist for company formation in Andorra:
- The SL “Societat Limitada”, a limited liability company with a minimum capital requirement of 3000 EUR.
- The SA “Societat Anonima”, a corporation company model with a minimum capital requirement of 60.000 EUR. Also, it is important to take in consideration the following points:
- The company must have a registered office and director (Administrador).
- There is no offshore entity model such as in other traditional “offshore jurisdictions”.
- In general all companies are treated as resident companies when establish their activities in the country.Companies have the obligation to prepare account reports and filing tax declarations.