How much does it cost to set up a company in Andorra: real costs and budget ranges

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How much does it cost to set up a company in Andorra?

Setting up a company in Andorra is a relatively straightforward process, but it requires judgement, structure and realistic financial planning. Focusing solely on share capital is not enough: throughout the process, several costs arise as part of the formal creation of the company, and anticipating them properly helps avoid unexpected issues.

To understand the real scope of these costs, it is useful to group them according to their nature — public, registral and private — as analysed throughout this article. Understanding their origin also helps explain why costs may vary from one project to another.

Before going into detail, if you are not yet familiar with everything required to incorporate a company, you may want to read The definitive guide to setting up a company in Andorra.

If you prefer a more concise overview of the process, you can also consult Setting up a company in Andorra: steps, requirements and advantages.

What major cost groups are involved in company formation?

When incorporating a company in Andorra, costs can be clearly organised into three main categories, making it easier to understand where the budget is actually allocated.

1️⃣ Public and administrative costs

This first group includes all taxes and authorisations required by the Andorran administration for the process to move forward.

🔹 Company name reservation

This is the first formal step. It allows up to three possible company names to be reserved for a period of six months.
Cost: €5.69.

🔹 Foreign investment authorisation ⚠️

When a non-resident shareholder holds more than 10 % of the share capital, prior authorisation is required.
Cost: €300 per non-resident shareholder.

Beyond the fee itself, this procedure involves analysing the shareholder’s profile, the origin of funds and the planned activity. It may have a direct impact on timelines and on the overall complexity of the project.

🔹 Business activity or trade licence

If the company carries out an operational activity in Andorra, a specific authorisation may be required.
Indicative cost: between €300 and €500, depending on the parish, type of activity and location.

👉 Asset-holding companies and pure holding structures generally do not require this authorisation.

Overall, this block typically amounts to around €700.

2️⃣ Notarial and registry costs

This second category covers the acts that grant legal existence to the company.

🔹 Notarial deed of incorporation

The company is incorporated by means of a public deed executed before an Andorran notary.
Indicative cost: around €550, depending on the number of shareholders, governance structure and statutory complexity.

🔹 Registration with the Companies Register

This is the moment when the company acquires its own legal personality.
Current fees:

• Limited Liability Company (SL): €1,016.67
• Public Limited Company (SA): €1,480.54

If you are unsure whether an SL or an SA is more suitable for your situation, we recommend SA or SL in Andorra: key differences and how to choose the right structure.

This is one of the most significant fixed costs in the process and is often underestimated in initial planning.

Overall, this block amounts to approximately €1,500.

3️⃣ Professional fees: the most variable factor

The third major cost category is also the most variable, as it depends directly on the nature of the project.

The level of analysis required is not the same for:

• A simple asset-holding company
• An operating company with employees
• A structure with international activity
• A regulated or sensitive activity

Here, the cost is not limited to administrative work, but reflects expertise, responsibility and professional judgement. Poor initial structuring often leads to far more expensive corrections later on.

We recommend reading Differences between managers, advisors and consultants: which one does your business need? to help identify the most appropriate professional support.

You may also find Key aspects to consider before setting up a company useful to ensure you are properly prepared before engaging the service.

Typical cost ranges

Based on real-world experience and market practice, the most common indicative ranges are:

🔹 Simple asset-holding or holding companies

From €3,000 in formation fees.

🔹 Standard operating companies

Typically between €4,000 and €8,000, depending on the number of shareholders, type of activity and countries involved.

🔹 Complex or international projects

May exceed €10,000.

These figures are not fixed prices, but orders of magnitude linked to the actual workload and level of responsibility involved.

Share capital in context

Although share capital is not strictly a cost — but rather an asset that can be used for the company’s activity — it remains part of the initial financial commitment required to incorporate a company.

In Andorra, the minimum required capital is well known: €3,000 for an SL and €60,000 for an SA. It must be available, properly justified (source of funds) and correctly deposited, which can have a significant practical impact, particularly during the banking process and project validation.

In this same context, it is important to highlight the following: although under Andorran law there are no restrictions as to whether the initial contribution must be made in cash or in kind, in practice notaries do not accept, as initial share capital for the incorporation of companies, any assets other than cash.

If you wish to explore this topic further, you can consult Share capital in Andorra: minimums, contributions and secure structuring.

How much should you plan for overall?

Without oversimplifying, a reasonable estimate of the total incorporation cost would be:

🔹 Simple asset-holding company: €4,500 – €6,000
🔹 Standard operating company: €6,000 – €9,000
🔹 Projects involving complex foreign investment or regulated activities: €10,000 or more

It should be noted that these figures do not include the share capital contribution, which may significantly increase the liquidity required.

❗ In some cases, services are offered in Andorra at prices well below market standards. These are often provided by firms with limited corporate experience relying on standard templates, which later require costly corrections — or, in extreme cases, involve fraudulent situations. We always recommend verifying the experience and expertise of the professionals involved before proceeding.

Conclusion: a cost proportionate to the project’s level of complexity

Setting up a company in Andorra is neither inherently expensive nor cheap. It is proportionate.

The initial cost reflects the price of a well-designed, legally robust and sustainable structure. When properly planned from the outset, it helps avoid mistakes that often prove far more costly in the medium term.

If you wish to understand the ongoing costs once the company is already established, you can consult Cost of maintaining a company in Andorra: obligations, fees and recurring professional costs.

📞 Need help with your project?

If you are considering setting up a company in Andorra and would like to determine the most appropriate approach for your specific situation, you can contact our team to analyse the project with perspective and professional judgement.

If you prefer to book a fully confidential advisory session, you can do so at the bottom of this page.

Last review: December 2025