Can I Buy an Existing Company That has Already Been Incorporated?
You can buy an already existing company in Andorra, but the time and money saved are not significant. Any non-resident wishing to create a new company or buy an existing one will have to go through the foreign investment authorization process.The change of shareholders and name must be submitted to a notary in the same way as when creating a new company. Finally, bank accounts must be reopened and the business authorization must be renewed in case of a change of address and business code. Also, the current owner may ask you for a price for the sale of the company and it is strongly recommended that you inquire about outstanding debts. Therefore, we recommend a new business creation.