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Services · Business accounts

Business accounts: Andorra

An honest assessment before work starts, the quote is fixed in writing.

We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, so no one can guarantee an opening - careful preparation simply improves the odds.

We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.

Fees

ServicePrice
Corporate account - opening assistanceon request

Prices are indicative and cover our work on a typical case. We confirm the exact quote in writing after a short call - you know the final number before we start. Government fees and bank tariffs are billed separately unless explicitly included.

See also

Company formation · Personal account · Investment property

FAQ

Can a foreign company open a bank account in Andorra?
On paper yes, but in practice Andorran banks mostly serve companies registered locally or businesses with a clear link to Andorra or Europe. A foreign structure with no local connection is often turned down at the pre-screening stage. The sector is small, there are only a handful of banks, and each can afford to pick its clients.
Do I need a local director in Andorra?
Andorran law does not require a resident director, but the bank looks at where the company is actually run. If management and operations sit entirely abroad, expect more questions about why the account belongs in Andorra. Companies with a local office, staff or a resident manager clear compliance far more easily.
How long does it take to open a corporate account in Andorra?
Usually several weeks - a preliminary document review first, then full compliance. It stretches out when the ownership structure has several layers or the beneficial owner comes from a higher-risk jurisdiction. No bank will commit to a date, because an internal committee makes the call.
What does an Andorran bank ask a business for?
A description of the activity, counterparties and payment countries, expected turnover, the origin of the company capital and proof of the owner's income. They ask for contracts, invoices, financial statements and sometimes a reference from your previous bank. Answers get checked, and gaps between the questionnaire and the documents are a common reason for refusal.

Don’t want to figure this out alone?

We handle the whole process end to end: we assess your company's chances with specific banks, prepare the compliance file and give you honest timelines. Leave your details and a corporate banking expert will get back to you. The first consultation is free.

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