Setting Up a Company in Andorra: 2026 Practical Guide

Setting up a company in Andorra involves a series of administrative, banking, notarial, tax, and commercial steps. The project needs to be prepared as a future operating business, not as a simple registration exercise.

A foreign individual can own all or part of the capital of an Andorran company, subject to the foreign investment regime and any applicable sector-specific rules.

The most commonly used form is the SL or SLU, with minimum capital of €3,000. The SA or SAU, with minimum capital of €60,000, better suits projects involving several investors or more structured governance.

The steps at a glance

Step	Purpose
Feasibility study	Check the activity, form, and authorisations
NIA and digital certificate	Identify founders with the authorities
Company name	Reserve the name and define the corporate purpose
Foreign investment	Obtain authorisation where required
Registered office	Choose suitable premises, an office, or coworking space
Bank	Justify the capital, funds, and future flows
Articles of association and notary	Legally set up the company
Register and tax	Obtain registration and tax numbers
Commercial opening	Authorise the activity to start
CASS and accounting	Set up ongoing social security and annual obligations

1. Check the activity before the formalities

Some activities are unrestricted, others require a qualification, a licence, professional registration, or premises meeting specific conditions.

Before reserving the name, it’s necessary to clarify:

• the services or products;
• target clients and countries;
• professional resources;
• qualifications;
• financial forecasts;
• any employees;
• the need for storage or receiving the public.

A corporate purpose that’s too vague can slow down foreign investment approval, the bank, and commercial opening.

2. Choosing between an SL and an SA

An SL generally suits an entrepreneur, an SME, or a family group. It can be single-shareholder, as an SLU.

An SA is relevant where the project needs more capital, several investors, share classes, or collegiate governance. It can be set up with a single shareholder, as an SAU.

The general corporate tax rate is the same for both forms. The choice comes down to capital, shareholder structure, and decision- making rules.

3. Preparing the foreign investment application

Prior authorisation is generally required where the foreign investor exceeds the exemption thresholds set by law.

The file presents, in particular:

• investors’ identities;
• their background;
• the origin of the funds;
• the nature of the activity;
• the target market;
• the investments;
• projected income and expenses;
• the project’s economic contribution.

Criminal record certificates, ID documents, and foreign documents need to be available, certified, and, where necessary, apostilled or translated.

4. Preparing for the bank

The bank assesses the project separately. Administrative authorisation doesn’t guarantee the account will be opened.

The KYC file needs to explain:

• beneficial owners;
• how wealth was built up;
• the origin of the capital;
• clients and suppliers;
• payment countries;
• expected volumes;
• unusual transactions;
• any financing needs.

Once the incorporation account is approved, the capital is paid in and a certificate is issued to the notary.

5. Choosing suitable premises

The registered office needs to be located in Andorra. Depending on the activity, this can be premises, an office, or a coworking space.

A registered agent address isn’t always enough for every activity. It’s necessary to check:

• compatibility with the Comú;
• receiving clients;
• physical resources;
• confidentiality;
• licences;
• the substance required.

6. Drafting useful articles of association

The articles of association set out capital, shareholders, purpose, registered office, management, and decision-making.

They also need to anticipate:

• the transfer of shares;
• a new shareholder joining;
• majority requirements;
• signing authority;
• director remuneration;
• disagreements between shareholders;
• death or incapacity.

Standard articles of association can suit a simple project, but become costly when an urgent amendment is needed.

7. Signing, registration, and opening

Incorporation is signed before an Andorran notary. The deed is then registered with the Companies Register.

After registration, it’s necessary to organise:

• tax registration;
• IGI;
• the trading name;
• opening authorisation from the Comú;
• registration with CASS;
• accounting;
• invoicing.

Commercial opening usually takes a few weeks after a complete file is submitted, but the timeline varies depending on the activity.

How much does incorporation cost?

The main official amounts checked in August 2026 are:

Item	Amount
SL / SLU capital	€3,000
SA / SAU capital	€60,000
Name reservation	€5.69
Foreign investment	€300
authorisation, if required
SL / SLU registration	€1,016.67
SA / SAU registration	€1,480.54

On top of this come the notary, articles of association, documents, bank, registered office, and support services.

How long should you allow?

A standard file generally needs to be planned over several weeks to a few months. The timeline depends on:

• foreign investment authorisation;
• the bank;
• document availability;
• the activity;
• the number of shareholders;
• the notary;
• commercial opening.

It’s best not to promise a start date before the main steps have been confirmed.

Genuine activity within 18 months

Companies involving direct foreign investment need to demonstrate genuine economic activity within 18 months of incorporation.

The authorities can examine the opening of trade, the filing of accounts, investments, and how well the forecasts match the actual activity.

This requirement confirms that the business plan shouldn’t just be a document written for the authorisation. It needs to serve as an operational roadmap.

Frequently asked questions

Can a foreigner own 100% of the company? Yes, in principle, subject to investment authorisation and any sector-specific rules.

Is the capital an expense? No. It belongs to the company once registered.

Can everything be done remotely? Much of the preparation can be done remotely. The bank, notary, or authorities may request presence or a power of attorney.

Does the company automatically grant residency? No. Immigration is a separate process.

To go further: Company formation hub, SL, SA, Active residency, Coworking.