Andorra - Societat Limitadad Company Incorporation

We aim to make incorporating a company a simple process for our clients, we organise everything simply and efficiently. We can incorporate an SL company for you in Andorra. Our website's make it easy to carry out the whole incorporation process online but, our experts are always at the other end of the phone. We guarantee to respond to all enquires within 4 hours.

Setting up of S.L. company in Andorra

Andorran companies can be established for local trade, asset and investment holding and cross-border commerce. Below we will deal with the details of the setting up of S.L. company in Andorra.

We are particularly well placed to use this low tax country, having catalan, spanish and french speaking staff to assist with the formation. The Societat Limitada (SL) has a share capital of €6010.

Andorra Limited Companies

There are two types of Andorran companies, both of which enjoy limited liability.

• The Societat Limitadad (S.L.) is a company often used for local trading and must have a paid up share capital of at least €6,000
• The Societat Anònima (S.A.) is usually established for businesses, which enjoys a much higher turnover and must have a minimum paid up share capital of €30,000

Corporate Structure of an Andorra SL company

• Only 1 director is required
• Corporate directors are allowed
• Andorran companies will need a resident director who can be an individual or company
• A resident company secretary required - can be an individual or corporate
• All Andorra businesses need a registered office
• Minimum of two shareholders and a maximum of ten
• At least one shareholder must be of Andorran nationality
• The minimum required share capital is €6,000
• Share capital must be fully paid up before incorporation
• Shares held by foreign capital can be no more than a third of the company
• It is possible to arrange for an Andorran citizen to act in a nominee capacity for the ultimate owner of the company

Our Incorporation package in Andorra includes

• Reserving your Company Name
• Liasing with the local registrar and relevant authorities
• Structuring the company as per your requirements
• Prepare your Company Registration Forms
• Drafting the Articles of Association / Statutes
• File the documents with the Companies Registry
• Appoint the Directors
• Including notarial work
• Minutes appointing first Directors
• Fiduciary agreement with the nominee shareholder - needed for all except Andorran citizens
• Preparation of the first minutes of Board Meeting
• Initial Government licence fee payable on incorporation
• Certificate of Incorporation
• Issue of shares and production of Share Certificates
• Leather binder with all documents and certificates
• Delivery of documents by FedEx / DHL courier

Registered Office

All Andorra businesses need a registered office where the authorities can send official letters and claims, as well as where control of the tax forms is executed. All financial and fiscal documents, registers, company papers etc. must be kept at the registered office of the business. We can provide a registered office for our clients in Andorra.

Tax

There are no corporate taxes whatsoever.

Guidance on names

Names must end with S.L. It is advisable that the chosen name be at least Catalan sounding.

Why Incorporate with Formacompany Ltd

We have been around since 1992. We are a well established UK based company offering company formations in many offshore jurisdictions. We are registered under UK Data Protection Act, consumer credit act and the money laundering act. Our parent company UK Data Ltd is a global information provider. Our professional services prior to incorporation include:

• Free company namecheck's - A company name check in Andorra can take up to 5 days
• Tailor make a clients company based on your requirements - giving you a detailed quotation prior to any payments being made
• Free online ask a question page where your questions are answered promptly by our incorporations experts
• Assist clients after incorporation with many services to help in the running of their businesses

Details we Require to Incorporate your company

In order to incorporate a Societat Limitada (SL) company in Andorra for you, we require the following:

Your Company Name

The Directors' full name, date of birth, address and nationality

Shareholders' full name, date of birth, address and nationality

The objects of the company, specifying the the principal activity

The amount of capital and the number of shares subscribed to each member

We are on hand to answer any questions you may have, free of charge and without obligation. So please contact us either by telephone on 00 44 (0)1372 750800 or Email , or ask us a question.