List of Fees

The fees applicable are specified in Law 10/2013, 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


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 36 – Andorran Non-bank Specialised Credit Institutions (EFCE) annual supervision fee.

The fee payable is set at a fixed amount of €11,957.

    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:

    Fees concept

    Pre-authorisation and/or registration fee

    Pre-authorisation process

    579 – 115.723 euros

    Registration process

    347 – 57.862 euros