| LLC | Tax Exempt Company | PLC | Rep. Office | Branch | |
|---|---|---|---|---|---|
| Local Name | SL | Offshore SL | SA | Oficina de Representacion | Sucursal |
| Company Setup Time | 15 days | 15 days | 15 days | 20 days | 20 days |
| Bank Account Opening | 5 days | 5 days | 5 days | 5 days | 5 days |
| Government Grants Available | Yes | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | Yes | No | No |
| Limited Liability | Yes | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
Andorra Limited Liability Company (Societat Limitada – SL)
- In Andorra, an LLC is a common choice made by international business clients. As per the corporate norms, foreigners can have 100 percent ownership of both trading and non-trading companies. One director and two shareholders are required by law to set up a limited liability company in Andorra. The minimum paid-up share capital to be invested to form such an entity is € 3,000.
Andorra Public Limited Company (Societat Anònima – SA)
- We recommend the fairly large companies that desire to be publicly listed to form a Public Limited Company in Andorra. The minimum paid-up capital required to set up this entity is € 60,000. For a public company in Andorra, two or more shareholders of any nationality are required.
Andorra branch office (Sucursal)
- An overseas company can set up its Andorra branch as a parent company extension. For this, the appointment of an independent management team is required. Furthermore, a separate corporate bank account is also required to set up such an entity.
Andorra Representative office (Oficina de Representacion)
- A representative office is only allowed to either engage in market research or promote the business of the parent company. These entities are not permitted to carry out any direct revenue generating activities or sign any contracts.