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Opening bank accounts in Andorra

Opening bank accounts in Andorra
Benefits of opening a bank account in Andorra:
  • banks offer multi-currency accounts to non-residents;
  • reliable protection and guarantee of deposits up to 100 000 EUR;
  • it is possible to open a bank account in Andorra also online;
  • when visiting a bank branch, there are Russian-speaking managers;
  • high secrecy of data, banks remain completely anonymous;
  • there are no restrictions on the residence and citizenship of potential clients;
  • offers a wide range of banking services in the field of investment and savings;
  • tariffs are formed individually for the client and his investments.

The banking system of Andorra has a well-coordinated structure and accrues only 5 local banks. All banks are positioned as investment and savings, so they are suitable for those who pursue the goal of maintaining or increasing their capital. The country has a positive attitude towards foreign citizens, so it is possible to open an account for both a foreigner and a non-resident company.

The key condition and requirement for potential clients is their solvency and willingness to invest in bank products or local real estate. In such cases, some banks are even ready to offer remote account opening. Of course, there are also such banks that necessarily require personal presence, and strictly approach the issue of the legality of the origin of funds. But, if you have no problems with documents that confirm the status and wealth, an account can be opened even for an offshore company.

For more detailed information about Andorran banks, conditions for opening a local account and assistance in preparing the necessary documents, please contact our lawyers. We will ensure that all requirements are met and help you open an account for your purposes.

List of banks in Andorra:
Name
Category
Opening date
Price
Investment
4-6 weeks
from 1000 eur
Name
Category
Opening date
Price
Investment
4-6 weeks
from 1000 eur
Name
Category
Opening date
Price
Savings
4-6 weeks
from 1000 eur
Name
Category
Opening date
Price
Investment
1,5 months
1200 eur
Popular questions
How to open an account in Andorra?
To open an account in Andorra, first of all, you need to choose the right bank, taking into account the client's goals, his residency and activities, tariffs and document requirements. After that, it is necessary to prepare all documents, go through compliance, identification and verification procedures, make an initial deposit (upon request) and activate the account. Our lawyers accompany you at every stage of opening an account, communicate directly with bank representatives and help in all organizational matters. If you need escort, leave us a request and we will contact you.
What types of accounts can be opened in Andorran banks for a non-resident?
Andorran banks mainly open investment and savings accounts. Financial institutions are focused on clients of any residency who are ready to keep a minimum balance on the account and invest in bank products or real estate.
Can I open an account in Andorra online?
Most banks request a personal visit to Andorra to complete the identification procedure. In individual cases, identification can take place online, it all depends on the category of the client and future investments. If you are interested in opening an account remotely in Andorra, please contact our specialists for advice.
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