SLU in Andorra: is a single shareholder enough? Rules and pitfalls
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The short answer
Yes, an SLU can be held by a single shareholder. It offers simple governance for a solo entrepreneur, with its own minimum capital. It nevertheless requires genuine activity and accounting obligations like any company.
Principle
An SLU is an SL with a single shareholder. Decisions are taken by that shareholder.
Capital
Minimum capital: 3,000 €verified on 09/10/2026.
Points to watch
- Separation of personal assets from the company's.
- Accounts must be kept.
- Substance: see registered office.
See also legal forms.
What the law says about the single-member company
A limited liability company or public limited company may be formed by a single shareholder. The single-member status is recorded in the companies register. In a single-member company, the sole shareholder exercises the powers of the general meeting. The minimum capital is 3,000 €verified on 09/10/2026.
The obligations remain those of a company
| Obligation | Rule |
|---|---|
| Accounting | Annual accounts drawn up within 6 monthsverified on 12/10/2026 after the year end |
| Approval | By the sole shareholder, within 6 monthsverified on 12/10/2026 after the start of the financial year |
| Filing with the register | Within 1 monthsverified on 12/10/2026 after approval |
| Dividends | Only from positive profit or available reserves, without falling below the capital |
For a foreigner
A non-resident or recently resident sole shareholder must obtain foreign investment authorisation: decision within 2 monthsverified on 09/10/2026, silence being treated as a refusal. See setting up a company without residing there.
The pitfall
A sole shareholder who mixes personal and company accounts weakens the separation of assets. Keep proper accounts and separate the flows. See also legal forms.
Work out your own case
Free simulators, built on the official values of this page.
Frequently asked questions
Can you be both sole shareholder and employee?
It depends on the set-up. Seek advice.
Can an SLU become an SL?
Yes, by admitting new shareholders.
Going further
Official sources
This information is general and is not personalised legal, tax or financial advice. It is verified as of the date shown and may change.