List of Taxes

The rates applicable are specified in Law 10/2013, of the Andorran National Institute of Finance [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, in accordance with what is established below:

Type of Entity

Creation Tax Rate

Banks

32.018 euros

Non-bank Specialized Credit Institutions

10.673 euros

Financial investment companies

12.807 euros

Financial investment agencies

8.538 euros

Asset management companies

6.404 euros

Financial advisers

2.134 euros

Collective Investment Schemes Management Companies

6.404 euros

Payment Institutions

6.241 euros

Electronic Money Institutions

6.241 euros

 

Article 38 – Andorran Financial Institutions annual rate of supervision

The tax payable for supervision amounts to: 3.021€

 

Article 40 - 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

517 – 103.300 euros

Registration process

310 – 51.650 euros