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

35.868 euros

Non-bank Specialised Credit Institutions

11.957 euros

Financial investment companies

14.347 euros

Financial investment agencies

9.565 euros

Asset management companies

7.175 euros

Financial advisers

2.391 euros

Collective Investment Schemes Management Companies

7.175 euros

Payment Institutions

6.991 euros

Electronic Money Institutions

6.991 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

    69.337 euros

    Higher than €500 million and less than or equal to €1,000 million

    106.046 euros

    Higher than €1,000 million and less than or equal to €3,000 million

    192.280 euros

    Higher than €3,000 million

    244.721 euros

  • The supplementary supervision fee of €26,221 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

    20.975 euros

    For each supervised foreign non-bank subsidiary active within the consolidated supervision scope

    10.488 euros

    For each branch dependent on an entity operating in the system

    15.733 euros

    For each representative office dependent on an entity operating in the system

    1.749 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

579 – 115.723 euros

Registration process

347 – 57.862 euros