List of Taxes

The rates applicable are specified in Law 10/2013, May 23rd of the Andorran Financial Authority [Llei 10/2013, del 23 de maig, de l’Autoritat Financera Andorrana] and specifically in the following articles:

 

Article 28 - Authorization fee for the creation of a new operating entity in the Andorra financial system.

The tax payable is determined by a fixed amount depending on the entity type, in accordance with what is established below:

Type of Entity

Creation Tax Rate

Banks

30.780 euros

Non-bank Specialized Credit Institutions

10.260 euros

Financial investment companies

12.312 euros

Financial investment agencies

8.208 euros

Asset management companies

6.156 euros

Financial advisers

2.052 euros

Collective Investment Schemes Management Companies

6.156 euros

Payment Institutions

6.000 euros

Electronic Money Institutions

6.000 euros

 

Article 38 – Andorran Financial Institutions annual rate of supervision

The tax payable for supervision amounts to:

  • €500 in the case of payment entities that only provide money sending services.
  • €1,000 in the case of payment entities that provide the service of execution of payment transactions in which the consent of the ordering party to execute a payment transaction is transmitted through any digital or IT telecommunication device, and the payment is made to the network operator, telecommunication or computer system which acts solely as an intermediary between the payment service user and the provider of goods and services.
  • €3,000 if the payment entity provides any of the other payment services indicated in article 2.1 of the Law on payment and electronic Money services.

 

Article 40 - Fees for the pre-authorization process and/or registration with the AFA.

The tax payable is determined by a fixed amount in accordance with what is established below:

Rate concept

Pre-authorization and/or registration tax rate

Pre-authorization process

500 – 100.000 euros

Registration process

300 – 50.000 euros