List of Fees

The fees applicable are specified in Law 10/2013, of the Andorran Financial Authority, under the following articles:

Article 50. Application fee for the admission to trading of digital assets.

The base to which the rate is applied to is the nominal value of the issue for which admission to trading is requested. The fee is calculated by multiplying the rate to the base pursuant to the maximum amount of emission value, as set out below:

Rates to calculate de fee for the admission to trading of digital assets

Up to the maximum total value of 3 million euros during one calendar year

0,10%

Over 3 million euros and up to the amount of 8 million euros

0,15%

Over 8 million euros and up to the amount of 20 million euros

0,20%

Over 20 million euros

0,25%

 

Article 52. Application fee for the prior verification of the submitted application to initiate activities.

The base to which the rate is applied to is the total value of token issues or the minimum capital corresponding to the entity for which the commencement of activity is requested, depending on the cases.

The fee is calculated by multiplying the rate to the applicable base referred to above on the basis of the following table of minimum capital of authorised entities and total value of token issuance or particular type of activity:

Rates to calculate the fee for prior verification of   the submitted application to initiate activities

Token issues up to the maximum total value of 2 million euros during one calendar year

0.25 % with a minimum of 268 euros

Token issues with a total value of more than 2 million and up to the amount of 8 million euros

0,20 %

Token issues with a total value of more than 8 million and up to the amount of 20 million euros

0,15 %

Token issues with a total value of more than 20 million euros

0,10 %

Depositories of cryptographic keys

2.142 euros

Depositories of tokens

2.142 euros

Token trading platforms to carry out transactions of more than 100,000 euros and up to a total value of 1 million euros of activity in one calendar year

536 euros

Token trading platforms if the volume of transactions during one calendar year is more than 1 million euros and up to the amount of 8 million euros

1.071 euros

Token trading platforms if the volume of transactions during one calendar year is more than de 8 million euros and up to the amount of 20 million euros

2.142 euros

Token trading platforms if the volume of transactions during one calendar year is more than 20 million euros

3.213 euros

If the assets represented digitally by the issuer are real estate and do not exceed 10 million eu­ros

1.071 euros

If the assets represented digitally by the issuer are real estate and exceed 10 million eu­ros

2.142 euros

Token generators

268 euros

 

Article 53. Application of an annual fee for continuation of activity

Annual fee for continued activity

Issuers of digital assets

1,071 euros As long as they are not written off

Depositories of cryptographic keys

1.071 euros

Depositories of digital assets

1.071 euros

Digital assets platforms

1.071 euros

Article 54. Application of annual fee for activity supervision

The supervisory fee is of 0.20% of the total amount of the sales corresponding to the services provided, and with a minimum of:

Minimum annual fee for activity supervision

Issuers of digital assets

536 euros

Custodians of cryptographic keys

536 euros

Custodians of digital assets

536 euros

Digital assets trading platforms for legal tender fiat money

536 euros

Digital assets trading platforms for other digital assets

536 euros

Digital assets trading platforms

536 euros

Article 51. Application fee for the trading of digital assets.

The base to calculate the fee is the euro trading value of digital assets transmitted by euro or other digital assets.

The fee is calculated by multiplying the rate of 0.2‰ to the above base

This fee will be transferred and used for the compensation account of Article 19 of Law 32/2014 of 27 November on the sustainability of public finances and budgetary and fiscal stability, until an Andorran sovereign fund has been set up for other purposes.