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 Current time in Andorra |
What is usual authorized share capital?
Andorran companies were not obliged to file accounts until 2009 so most capital was contributed by way of loans that could be repaid at any time. The minimum levels stated above could be regarded as usual.
What is a minimum number of directors/managers?
Two.
Is there requirement of local directors/managers?
Yes, and the Administrator must be an Andorran citizen or a 20-year Andorran.
Is there requirement of publicly accessible record of directors/managers?
Yes. Just recently introduced in Andorra.
What is a minimum number of members?
One.
Where is a possible location of members meetings?
Andorra (physical presence required)
Is there a requirement to prepare accounts?
Yes.
Is there a requirement to file accounts?
Yes, if turnover exceeds €100,000 annually. But not open to public inspection.
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