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.

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 36 – Andorran Non-bank Specialized Credit Institutions (EFCE) annual supervision tax rate.

The tax payable is set at a fixed amount of €10,260.

    Article 38 - 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