Business
Company law under Llei 20/2007 with fully opened foreign investment
Companies are governed by the 2007 Act on limited liability and public companies. Foreign investment was liberalised in 2012, allowing full non-resident ownership subject to prior authorisation.
Key rules
- An SL requires minimum capital of EUR 3,000 and an SA of EUR 60,000.
- Foreign investment is permitted up to 100 percent with prior government authorisation.
- Incorporation requires a reserved company name, notarial deed and entry in the Registre de Societats.
Governing law
- Llei 20/2007 de societats anònimes i de responsabilitat limitada
- Llei 10/2012 d'inversió estrangera al Principat d'Andorra
In practice
Company activity is tied to the specific commercial authorisation granted, so expanding into a new line of business needs a fresh filing.