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 29 - Authorization fee for the creation and/or modification of a Collective Investment Scheme (CIS) under Andorran law
The tax payable is determined by a fixed amount according to the type of the administrative act that is subject to the authorization request, in accordance with what is established below:
|
Tax Concept |
Creation and/or modification Tax Rate |
|
Creation of UCITS without compartments |
2.316 euros |
|
Creation of UCITS with compartments |
2.316 euros +1.108 euros per compartment |
|
Creation of a UCITS compartment |
1.108 euros |
|
Creation of other CIS without compartments |
2.820 euros |
|
Creation of other CIS with compartments |
2.820 euros +1.309 euros per compartment |
|
Creation of another CIS compartment |
1.309 euros |
|
Creation of self-managed SICAVs |
4.330 euros |
|
Creation of a self-managed SICAV compartment |
1.108 euros |
|
Corporate operations |
1.007 euros |
|
CIS modifications |
0 - 906 euros |
Article 30 - Registration fee for the creation, cancellation and/or modification of a Collective Investment Scheme (CIS) under Andorran law.
The tax payable is determined by a fixed amount according to the type of the administrative act that is subject to the authorization request, in accordance with what is established below:
|
Tax Concept |
Registration Tax Rate |
|
Registration for the creation of UCITS or other CIS |
806 euros |
|
Registration for the creation of a UCITS or other CIS compartment |
302 euros |
|
Registration of cancelation of UCITS or other CIS |
1.309 euros |
|
Registration of cancelation of a compartment of UCITS or other CIS |
906 euros |
|
Registration of the creation of self-managed SICAVs |
806 euros |
|
Registration of corporate operations |
604 euros |
|
Registration of CIS modification |
0 - 906 euros |
Article 35 - Annual rate of supervision of the Collective Investment Schemes (CIS) under Andorran law.
The tax payable is determined by a fixed amount according to the type of CIS, in accordance with what is established below:
|
CIS Type |
Supervision Annual Tax Rate |
|
UCITS without compartments |
1.813 euros |
|
UCITS with compartments |
1.813 euros +806 euros per compartment |
|
Other CIS without compartments |
3.323 euros |
|
Other CIS with compartments |
3.323 euros +806 euros per compartment |
|
Self-managed SICAVs without compartments |
3.323 euros |
|
Self-managed SICAVs with compartments |
3.323 euros +806 euros per compartment |