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.

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: