Capital & shareholders
Capital must be fully paid up at incorporation and deposited with an Andorran bank. A single shareholder suffices (SLU), with no upper limit on the number. Shares are registered.
→ Accessible, from one person
SL Company · Andorra
Set up an SL company in Andorra.
The Societat Limitada is the structure of choice for entrepreneurs: €3,000 capital, limited liability and flexible management. We handle the full incorporation on your behalf.
Andorra
The most common structure
The SL, designed for
Incorporate my SL
The SL, designed for
straightforward business.
The Societat Limitada suits 9 out of 10 projects: SMEs, self-employed professionals, e-commerce, consulting and wealth-holding structures. Accessible capital, liability capped at your contribution, and governance that stays firmly in your hands.
Limited liability
Your personal assets are fully protected: your exposure is limited to the capital you contribute to the company.
Capital from €3,000
Fully paid up at incorporation — one of the lowest entry thresholds in Europe.
Sole or multiple shareholders
A single shareholder is sufficient (SLU); you can also have multiple shareholders, resident or non-resident.
Key facts
The Andorran SL at a glance.
Three pillars to understand before you begin. We explain each one in detail and tailor the articles of association to your project.
Liability
Shareholders' liability is limited to their contributions. Your personal assets remain shielded from business risks — that is the fundamental strength of this structure.
→ Your assets protectedManagement
Sole director, joint directors or a board of directors: the choice is yours. A non-resident may run the company with no residency requirement.
→ You stay in control
SL taxation
A light tax burden,
A light tax burden,
among the lowest in Europe.
Your SL is subject to Andorra's corporate income tax at 10%. Dividends from Andorran sources are exempt, IGI (the equivalent of VAT) stands at 4.5%, and Andorra has no wealth tax or inheritance tax. Reduced regimes also exist for new business activities and holding structures — we model your effective rate at the first meeting.
The right structure, from day one.
Legal form, corporate purpose, director's remuneration, dividend repatriation: every initial decision shapes your tax position. We structure your SL to be robust, compliant and optimised for the long term.
SL or SA?
A clear comparison.
In the vast majority of cases, the SL is more than sufficient. The SA is reserved for large projects, fundraising and regulated financial activities.
| Criterion | SLSocietat Limitada | SASocietat Anònima |
|---|---|---|
| Minimum capital | €3,000 | €60,000 |
| Paid up at incorporation | 100% | 25% (€15,000) |
| Minimum shareholders | 1 (SLU) | 1 (SAU) |
| Securities | Shares — restricted transfer | Shares — freely transferable |
| Governance | Flexible | Structured board |
| Ideal for | SMEs, self-employed, holding | Large projects, fundraising, regulated finance |
| Corporate income tax at 10% and IGI at 4.5% apply in both cases. We confirm the right structure with you based on your activity and objectives. | ||
Our process
Your SL incorporated in 6 steps.
You provide a few documents; your dedicated advisor handles everything else, from the capital deposit to registration.
Analysis & legal structure
We confirm the SL (or SLU) is the right fit, define the corporate purpose and prepare your file.
Foreign investment authorisation
For non-residents holding more than 10%, we file and manage the application with the Andorran Government.
Company name reservation
We reserve your company name and verify its availability at the Companies Registry.
Capital deposit
Opening of an incorporation account with an Andorran bank and deposit of the €3,000 share capital.
Notarial deed & articles
Drafting of the articles of association and signature of the deed of incorporation before a notary: your SL comes into being.
Registration, NRT & licence
Enrolment at the Registry, obtaining the NRT, business licence from the comú and CASS affiliation for the director.
Frequently asked questions
SL company in Andorra: your questions answered.
What is the minimum capital for an SL in Andorra?
€3,000, fully paid up at incorporation and deposited in an Andorran bank account before signing the deed. It is one of the lowest entry capitals in Europe.
Can you set up an SL in Andorra on your own?
Yes. The single-member SL (SLU) has just one shareholder, who can also act as director. It is a popular choice for self-employed professionals and e-commerce entrepreneurs.
Can a non-resident set up and manage an SL?
Yes. There is no residency requirement to own or manage an Andorran SL. A non-resident holding more than 10% of the capital simply needs a foreign investment authorisation, which we take care of.
How much does it cost to incorporate an SL in Andorra?
The total cost covers notary fees, Registry fees and our advisory fee. We provide a clear, all-inclusive quote from the first meeting, with no hidden charges — plus the €3,000 capital, which remains your money.
How long does it take to incorporate an SL?
Typically 6 to 10 weeks. For non-residents, the foreign investment authorisation is the main variable. We track every milestone to keep to the agreed schedule.
Can shares in an Andorran SL be transferred?
Yes, by notarial deed. Transfers to third parties are subject to pre-emption rights in favour of existing shareholders. This controlled flexibility protects the balance between shareholders — a real advantage for family businesses or multi-partner ventures.
Need a larger structure? Explore the SA company, the holding company or compare all company forms.