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