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:
 

1. The company must have a registered office and director (Administrador).
2. There is no offshore entity model such as in other traditional “offshore jurisdictions”.
3. 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.