The business entity is recommended for larger companies that intend to become publicly listed. Such a company requires a minimum capital of EUR 3,000 for incorporation, at least two directors and shareholders of any nationality. The minimum number of shareholders of an Andorra Private Limited Liability Company is 1 and the maximum is unlimited

Andorra Private Limited Company Key Features

  1. The liability of the shareholders of an Andorra Private Limited Liability Company is limited up to the amount of the shares they hold.
  2. The minimum number of shareholders of an Andorra Private Limited Liability Company is 1 and the maximum is unlimited.
  3. There is no restriction on the nationality or residency of the shareholders of an Andorra Private Limited Liability Company.
  4. The use of nominee shareholders is not allowed.
  5. It is a legal requirement for every company in Andorra to have a registered office in Andorra.
  6. An Andorra Private Limited Liability Company is not required to audit financial statements if, for the current and previous year, 2 of the following 3 criteria are met:
  7. Annual turnover less than €6,000,000;
  8. Balance sheet total assets less than €3,600,000;
  9. Annual average number of employees less than 25.

Andorra Private Limited Company Legal Requirements

Andorra PLC

Corporate Details

General

  • Registered Office in Andorra

Yes

  • Shelf company availability

Yes

Share capital or equivalent

  • Standard currency

Euro

  • Permitted currencies

Any

  • Minimum paid up

EUR 3000

Directors | Officers | Partners

  • Minimum number

1

  • Location of meetings

No

  • Corporate directorship allowed

Yes

Company Secretary

  • Required

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

Yes

Andorra Private Limited Company Tax Treatment

Low corporate taxation between 2-10% depending on the activity

Andorra Private Limited Company Duration for set up

4 Weeks

Andorra Private Limited Company Distinctive Benefits

  1. Low corporate taxation between 2-10% depending on the activity
  2. A PLC is a legal entity separate from that of its members.
  3. A PLC has ‘perpetual succession’, that is continued or uninterrupted existence until it is legally dissolved.
  4. Limited Liability means the status of being legally responsible only to a limited amount for debts of a company.
  5. Non-EU member with an EU association agreement on the way.
  6. Special agreements with the Schengen area with visa benefits for non-EU member directors and shareholders

The Valsen Advantage

  1. End to end comprehensive service
  2. Speedy and efficient service
  3. Expert advice on structuring options
  4. Dedicated ongoing compliance support
  5. Extensive network pool of service providers