List of Fees
The fees applicable are specified in Law 10/2013, of 23 May, of the Andorran Financial Authority and specifically in the following articles:
Article 28 - Authorisation fee for the creation of a new operating entity in the Andorra financial system
The fee payable is determined by a fixed amount depending on the entity type.
Type of Entity |
Creation Fee |
Banks |
34.291 euros |
Non-bank Specialised Credit Institutions |
11.431 euros |
Financial investment companies |
13.716 euros |
Financial investment agencies |
9.144 euros |
Asset management companies |
6.859 euros |
Financial advisers |
2.286 euros |
Collective Investment Schemes Management Companies |
6.859 euros |
Payment Institutions |
6.684 euros |
Electronic Money Institutions |
6.684 euros |
Article 32 - Andorran banks annual supervision fee
The fee payable is determined by a fixed amount that is made up of:
- The individual supervision fee for each bank, that is determined based on the banks over-all balance sheet, which for year N is established based on its individual annual accounts audited at December 31st of year N-1, in accordance with the following scale:
Total individual balance sheet
Annual Supervision Fee
Less than or equal to €500 million
66.288 euros
Higher than €500 million and less than or equal to €1,000 million
101.382 euros
Higher than €1,000 million and less than or equal to €3,000 million
183.824 euros
Higher than €3,000 million
233.959 euros
- The supplementary supervision fee of €25,068 for all those banks subject to supervision on a consolidated basis by the AFA, if applicable;
- The supplementary supervision fee, corresponding to supervision on a consolidated basis, for all those subsidiaries of entities that are under the supervision of a foreign bank, finance or insurance supervisory authority, in accordance with what is established below:
Types of branches or subsidiaries
Annual Supervision Fee
For each foreign banking subsidiary within the consolidated supervision scope
20.053 euros
For each supervised foreign non-bank subsidiary active within the consolidated supervision scope
10.027 euros
For each branch dependent on an entity operating in the system
15.041 euros
For each representative office dependent on an entity operating in the system
1.672 euros
If the branch or subsidiary belongs to a jurisdiction outside the EU, the fee for the aforementioned annual supervision will increase by 50%.
Article 40 - Fees for the pre-authorisation process and/or registration with the AFA
The fee payable is determined by a fixed amount in accordance with what is established below:
Fee concept |
Pre-authorisation and/or registration fee |
Pre-authorisation process |
554 – 110.634 euros |
Registration process |
332 – 55.317 euros |