List of Fees

The fees applicable are specified in Law 10/2013, of 23 May, 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 - 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 34 –Andorran Collective Investment Schemes Management Companies annual fee of supervision

The fee payable is a fixed amount of €3.429.

As for the collective investment schemes management companies that carry out the activity of discretionary and individualized management of portfolios, or investment advice, or functions related to the custody and administration of investment fund shares, the fee payable is increased by €2.286.

 

Article 37 –Financial Entities and Collective Investment Schemes Management Companies Annual fee of supervision on a consolidated basis

The fee payable is determined by a fixed amount that is made up of:

  • An annual fee of supplementary supervision, that corresponds to supervision on a consolidated basis at a fee of €5.715 for all financial entities and collective investment schemes management companies subject to supervision on a consolidated basis by the AFA, if applicable.
  • An annual supplementary supervision fee, that corresponds to supervision on a consolidated basis, for all those financial entities subsidiaries and collective investment schemes management companies that are under the supervision of a foreign financial or insurance supervisory authority, in accordance with what is established below

Types of branches or subsidiaries

Annual Supervision Fee

For each supervised foreign non-bank subsidiary active within the consolidated supervision scope

6.859 euros

For each branch dependent on an entity operating in the system

4.572 euros

For each representative office dependent on an entity operating in the system

1.143 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