I’ve watched countless entrepreneurs circle Andorra for years, drawn by its obvious tax advantages but scared off by whispers of opacity and bureaucracy. Let me cut through that noise. I’ve compiled the actual numbers on what it costs to set up and maintain a Societat de Responsabilitat Limitada (SL)—Andorra’s Limited Liability Company—in 2026.
This isn’t theory. These are averages synthesized from multiple service providers, legal firms, and the official registers. And yes, I’ll tell you where the traps are.
The Upfront Damage: Creation Costs
Setting up an SL in Andorra isn’t cheap. You’re looking at a total sunk cost of €6,072.36 ($6,558) before you’ve earned a single euro in revenue. That’s the price of entry into one of Europe’s most discreet jurisdictions.
Here’s exactly where that money goes:
| Item | Cost (EUR) |
|---|---|
| Company name reservation (Reserva de denominació social) | €5.69 |
| Foreign investment authorization fee (if applicable) | €300.00 |
| Government registration fee (Taxa d’inscripció al Registre de Societats) | €1,016.67 |
| Average notary fees for public deed of incorporation | €750.00 |
| Average legal and professional service fees (incorporation support) | €4,000.00 |
| Total Sunk Costs | €6,072.36 |
The Minimum Capital Requirement
But wait. There’s more.
Andorra requires a minimum paid-up capital of €3,000 ($3,240) for an SL. This isn’t a fee—it’s your company’s equity. But here’s the critical part: you must pay it upfront. The entire amount needs to be deposited before incorporation is finalized. No installment plans. No creative accounting.
So your actual cash outlay on day one? €9,072.36 ($9,798).
Where the Fat Really Is
Notice that legal and professional fees eat up nearly two-thirds of your sunk costs. €4,000 ($4,320) just to have someone shepherd you through the process. Is it worth it? In Andorra, I’d argue yes—unless you speak fluent Catalan and have a month to waste navigating the Registre de Societats yourself.
The foreign investment authorization fee (€300, or $324) only applies if you’re a non-resident without an Andorran partner holding at least 51% equity. Most flag theory practitioners won’t trigger this if they structure correctly. But assume you will.
Annual Maintenance: The Real Test
Creation costs are a one-time sting. Maintenance costs are the slow bleed that kills lazy structures.
Expect to spend between €2,500 ($2,700) and €6,500 ($7,020) per year to keep your Andorran SL compliant and operational. The variance depends mostly on your accounting complexity and whether you’re using your registered office as a real workspace or just a postal drop.
| Annual Expense | Cost (EUR) |
|---|---|
| Annual Trade and Industry Register fee (active companies) | €214.21 |
| Mandatory accounting and tax compliance services | €2,400.00 |
| Registered office / Domiciliation services | €750.00 |
| Minimum Annual Total | €3,364.21 |
Let’s unpack these.
The Trade and Industry Register Fee
€214.21 ($231) annually. Non-negotiable if your company is active. Dormant companies pay less or nothing, but good luck convincing Andorran authorities your structure is truly dormant if you’re moving any capital through it.
Accounting and Tax Compliance
€2,400 ($2,592) is the baseline for a simple SL with straightforward operations. If you’re running cross-border transactions, holding IP, or dealing with transfer pricing, triple that figure. Andorra’s corporate tax rate is only 10%, but the compliance burden is very much European-standard. You need a local accountant. Period.
Registered Office and Domiciliation
€750 ($810) gets you an address, mail forwarding, and the legal minimum. Some providers bundle this with secretarial services. Others charge separately for every scanned document. Read the fine print.
If you go cheaper on domiciliation, you risk getting a shared address that screams “shell company” to banks and counterparties. In 2026, substance matters more than ever.
Hidden Costs No One Tells You About
The numbers above are official and predictable. Here’s what isn’t.
Banking. Opening a corporate account in Andorra is not trivial. Expect multiple in-person visits, exhaustive KYC, and potential refusals if your business model doesn’t fit their risk appetite. Budget €1,000+ in travel and time.
Audit requirements. If your SL exceeds certain thresholds (€600,000 revenue, €300,000 assets, or 10 employees), you’re legally required to have audited accounts. Add €3,000–€8,000 annually for that privilege.
Inactive periods. Planning to let the company sit idle for six months while you finalize strategy? You’re still paying domiciliation, registry fees, and minimum accounting. There’s no pause button.
Is It Worth It?
Depends entirely on what you’re running from and what you’re running toward.
If you’re escaping a 40%+ corporate tax regime and genuinely operating from or through Andorra, the ~€10,000 ($10,800) setup plus €3,000–€6,500 ($3,240–$7,020) annual maintenance is a rounding error. The 10% corporate tax, lack of VAT on many services, and access to Spain without being in Spain? Worth every cent.
If you’re trying to build a zero-footprint shell with no substance, you’re wasting your money. Andorra demands real presence. The days of pure paper companies died with BEPS and CRS.
Where to Get Official Confirmation
I pulled these figures from multiple legal and consulting sources operating in Andorra as of early 2026. For the most current official rates on registry fees and government charges, check the Andorran government’s homepage directly. Notary and legal fees fluctuate based on practitioner and complexity, so treat my averages as exactly that—averages.
I’m constantly auditing jurisdictions like Andorra. If you’ve incorporated there recently and your numbers differ significantly, or if you have access to updated official fee schedules, reach out or check back here. I update this database regularly.
The bottom line? Andorra isn’t a budget jurisdiction. It’s a premium one. If the numbers above make you wince, you’re probably not ready for it. But if you’re serious about European access with minimal tax drag and maximum discretion, this principality remains one of the smartest plays on the board.