• Andorra Private Limited Company

  • SHAREHOLDERS

    Liability of Shareholders

    The liability of the shareholders of an Andorra Private Limited Liability Company is limited up to the amount of the shares they hold.

    Minimum Number of Shareholders

    The minimum number of shareholders of an Andorra Private Limited Liability Company is 1 and the maximum is unlimited.

    Restriction on Nationality/Residency of Shareholders

    There is no restriction on the nationality or residency of the shareholders of an Andorra Private Limited Liability Company.

    Corporate Shareholders

    The shareholders of an Andorra Private Limited Liability Company can be individuals and/or legal persons.

    Nominee Shareholders

    The use of nominee shareholders is not allowed.

  • DIRECTORS

    Minimum Number of Directors

    The minimum number of directors of an Andorra Private Limited Liability Company is 1.

    Restriction on Nationality/Residency of Directors

    There is no restriction on the nationality or residency of the directors of an Andorra Private Limited Liability Company.

    Corporate Directors

    Corporate directors are allowed.

  • SHAREHOLDER MEETINGS

    Shareholder Meetings

    An Andorra Private Limited Liability Company needs to hold an annual general meeting.

    Annual general meeting should take place within 6 months from the year-end.

    The annual general meeting needs to take place in Andorra.

  • CAPITAL

    Minimum Capital Requirement

    The minimum capital requirement for an Andorra Private Limited Liability Company is €3.000.

    Currency of Capital

    The share capital can be only denominated in Euros (€).

    Non-par Value and Bearer Shares

    Non par value shares and bearer shares are not permitted in Andorra.

    Capital Duty

    Andorra does not levy any capital duty on the issue of shares.

  • REGISTERED OFFICE

    Registered Office

    It is a legal requirement for every company in Andorra to have a registered office in Andorra.

    Company Secretary / Registered Agent

    There is no legal requirement for a company secretary or registered agent in Andorra.

  • FOREIGN INVESTORS

    Restrictions on Foreign Investors

    There are no restrictions on foreign investors investing in an Andorra Private Limited Liability Company.

  • FORMATION

    Time Needed for Incorporation

    The time needed for the registration of an Andorra Private Limited Liability Company is 50 days.

    Shelf companies are available.

  • CONFIDENTIALITY

    Beneficial Owners

    TEXTTEXTTEXTTEXT

    Registered Shareholders

    The details of the shareholder are disclosed to the service provider but are not available on public record.

    Directors

    The details of the directors are disclosed to the Authorities and to the service provider but are not available on public record.

    Financial Statements

    Financial statements are not publicly accessible.

  • FILING REGUIREMENTS

    Filing with the Registrar of Companies

    Every company in Andorra is required to submit an annual return together with its financial statements to the Registrar of Companies within 7 months from its financial year end.

    Filing with the Tax Authorities

    Every company needs to file an annual tax return together with its financial statements within 7 months from its financial year end.

  • RECORDS

    Accounting Records

    An Andorra Private Limited Liability Company needs to maintain accounting records. The accounting records should be maintained for a period of 6 years.

    The accounting records of an Andorra Private Limited Liability Company should be maintained in Euros (€).

    The accounting records should be in Andorra.

    Financial Statements

    An Andorra Private Limited Liability Company needs to prepare annual financial statements. These should be prepared under the Andorran accounting laws.

    An Andorran Parent Company needs to prepare consolidated annual financial statements. These should be prepared under the IFRS.

    A parent company is not required to prepare consolidated financial statements if, for the current and previous year, 2 of the following 3 criteria are met:

    • Annual turnover less than €6,000,000;
    • Balance sheet total assets less than €3,600,000;
    • Annual average number of employees less than 25.
  • AUDIT

    Audit Requirement

    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:

    • Annual turnover less than €6,000,000;
    • Balance sheet total assets less than €3,600,000;
    • Annual average number of employees less than 25.

Compare Andorra to other jurisdictions and see the difference in corporation tax rates, tax residency requirements, VAT rates, capital gain taxes, etc.

Read more
Follow Us
Specialist writers View All
Copyright © 2012 - 2019 Offtax Ltd. All rights reserved. Compare Countries News & Articles About Join Us Directory Contact Us