Banking System
Andorran
banking
Andorra has a solid, regulated and internationally recognised banking system. Andorran banks offer comprehensive services for residents and companies.
Main Andorran banks
- · Andbank
- · Creand (formerly Crèdit Andorrà)
- · MoraBanc
- · MyAndBank (Andbank group's digital fintech)
Available services
- · Multi-currency current accounts
- · Private wealth management
- · Real estate financing
- · Company accounts (SL, SA, Holding)
Regulatory framework
Andorra participates in the CRS (Common Reporting Standard) and complies with FATCA rules. Andorran banks apply a rigorous KYC policy. Andorran tax residents are not subject to the automatic exchange of information (CRS).
Opening an account
MCA Assessors supports the opening of your Andorran bank accounts (individuals and companies) as part of our residency and corporate services. With a complete file, the process usually takes between 2 and 6 weeks.
Confidential Consultation
Let's discuss your
relocation to Andorra
A first confidential exchange, with no commitment. Reply within 48 working hours with an assessment of your situation.