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Andorra Banking License

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Andorra Banking Licence and AFA Regulatory Framework

Andorra's financial sector is regulated by the Autoritat Financera Andorrana (AFA), operating under the Law on the Regulation of the Financial System of Andorra. The Andorran banking sector has historically served private banking and wealth management clients and has undergone significant modernisation since Andorra's OECD tax transparency commitments and AML alignment.

Andorra maintains a 10% corporate income tax, no inheritance tax, and no capital gains tax on securities, making it a competitive private banking jurisdiction for wealth management structures serving European clients.

Minimum Capital

EUR 15 million minimum share capital required for a full banking licence in Andorra, reflecting the AFA's conservative approach to bank authorisation.

Shareholders and Management

All shareholders holding 10% or more and all members of the board of directors must pass the AFA's fit and proper assessment covering financial soundness, professional competence, and reputation.

Business Plan

A detailed multi-year business plan with financial projections, risk management framework, and operational structure is required for submission to the AFA.

Local Substance and AML Compliance

A physical office in Andorra with local management presence is required. AML/CFT policies aligned with FATF and EU standards must be fully documented and operational prior to licensing.

Neptune Fiduciaries: Andorra Banking Licence Support

Neptune Fiduciaries supports clients seeking Andorra banking or private banking authorisation, providing entity formation, AFA application preparation, management vetting coordination, and compliance framework implementation.

Get in Touch

Contact Neptune Fiduciaries at info@neptunecorporate.com or sales@neptunecorporate.com or visit our Contact Us page.

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