Cost of a Holding Company in Andorra: 2026 Budget

The cost of setting up a holding company in Andorra isn’t limited to a registration fee. The budget depends on the legal form, the number of shareholders, whether foreign investors are involved, the complexity of the shareholdings, and any transfer of existing companies.

To build a reliable estimate, it’s worth separating four categories:

1. the capital that remains within the company;

2. official fees paid to the authorities;

3. variable professional fees and costs;

4. the annual costs needed for the structure to actually operate.

Share capital: €3,000 or €60,000

An Andorran holding company can generally be set up as an SL, SLU, SA, or SAU.

Form	Minimum capital	Typical profile
SL or SLU	€3,000	Family parent company, entrepreneur, or moderately sized group
SA or SAU	€60,000	Larger shareholder base, multiple investors, or structured governance

Capital isn’t a fee. Once the company is registered and the bank account released, it belongs to the company and can fund expenses consistent with its purpose, provided they’re properly recorded.

Official incorporation fees

The official rates checked in August 2026 are as follows:

Item	Amount
Company name reservation	€5.69
Foreign investment authorisation, where required	€300
Registering an SL or SLU	€1,016.67
Registering an SA or SAU	€1,480.54

On top of these fees come notary costs, drafting the articles of association, certifications, and any translations needed.

Variable costs to plan for

The professional cost depends on the file. It can include:

• legal and tax analysis of the structure;
• drafting the articles of association;
• a shareholders’ agreement;
• the business plan and foreign investment file;
• bank onboarding and KYC support;
• apostilles, certifications, and translations;
• valuing shareholdings or non-cash contributions;
• coordinating with the notary;
• applying for a special tax regime;
• taking over or setting up bookkeeping.

A company set up with a single shareholder and a future shareholding will be less complex than a structure immediately receiving several foreign subsidiaries, non-cash contributions, and intragroup financing.

Transferring shareholdings can cost more than incorporation itself

Where operating companies already exist, the main budget item is often not registering the holding company, but integrating the shares.

Selling or contributing the shareholdings can require:

• an independent valuation;
• a legal deed in several countries;
• foreign investment authorisation;
• agreement from a bank or other shareholders;
• amending an existing shareholders’ agreement;
• a capital gains analysis in the holder’s country;
• possibly applying a reorganisation regime.

Setting up the holding company first and thinking about the transfer afterwards can lead to extra costs or an unusable structure. The analysis needs to come before the deed.

Annual maintenance costs

A parent company remains subject to the usual accounting, tax, and corporate obligations, even where it carries out few transactions.

The published official fees distinguish, in particular, between companies with no open trading activity and those with activities registered with the Companies Register.

Situation	SL / SLU	SA / SAU
Asset-holding company or no open trading activity	€851 per year	€935.50 per year
Company with open trading activity	Published fee of €214.21	Published fee of €214.21

The exact regime needs to be checked based on the activity and registration chosen.

Generally added to this are:

• bookkeeping and filing the accounts;
• the corporate tax return;
• maintaining corporate registers;
• the registered office, an office, or coworking space;
• bank fees;
• annual minutes and resolutions;
• documenting dividends, loans, and related-party transactions;
• tax residency certificates needed for treaty purposes.

Example of a minimum budget for an SL holding company

For an SL owned by a foreign investor, with no immediate transfer of shareholdings, the known fixed amounts include, at minimum:

• share capital: €3,000;
• name reservation: €5.69;
• foreign investment authorisation: €300;
• registration: €1,016.67.

That’s €4,322.36, of which €3,000 remains within the company. This amount doesn’t include the notary, the articles of association, the bank, the registered office, or accounting.

Why does a quote need to be tailored?

Two holding companies with the same name can have very different costs. A quote should specify:

• the number of shareholders and beneficial owners;
• the legal form;
• the number of countries involved;
• the subsidiaries to be transferred;
• the tax regime being applied for;
• governance needs;
• the level of substance required;
• the annual services included.

A very low price covering only the incorporation deed can leave out the bank, the share transfer, tax treaties, and ongoing accounting support. The real cost should be assessed over several years.

Frequently asked questions

Is the capital permanently locked up? No. Once the company is registered, it belongs to the company and can be used for its business needs.

Is an SA more tax-efficient than an SL? No. Both are subject to the general 10% rate. The difference mainly concerns capital and governance.

Does a holding company with no activity still need to keep accounts? Yes. It needs to prepare accounts, file the required documents, and submit its returns.

Can the cost be calculated before analysing the shareholdings? An incorporation budget can be estimated, but the overall cost depends on the transfer and taxation of the existing shares.

To go further: Holding company in Andorra, Set up an SL, Set up an SA, Accounting in Andorra, contact us.