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, in accordance with what is established below:

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 38 – Andorran Financial Institutions annual fee of supervision

The fee payable is determined by a fixed amount which is established on the basis of authorised payment services, in accordance with what is established below:

Type of services

Annual supervisory fee 

a) Services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account.

1.114 euros

b) Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account

1.114 euros

c) Execution of payment transactions, including transfers of funds on a payment account with the user’s payment service provider or with another payment service provider:

  1. i) execution of direct debits, including one-off direct debits;
  2. ii) execution of payment transactions through a payment card or a similar device;
  3. iii)  execution of credit transfers, including standing orders

1.114 euros

d) Execution of payment transactions where the funds are covered by a credit line for a payment service user:

  1. i) execution of direct debits, including one-off direct debits;
  2. ii) execution of payment transactions through a payment card or a similar device;
  3. iii)  execution of credit transfers, including standing orders

2.228 euros

e) Issuing of payment instruments and/or acquiring of payment transactions

1.672 euros

f) Money remittance

558 euros

g) Payment initiation services.

3.343 euros
h) Account information services

2.228 euros

 
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