How to open a bank account in Andorra?

We cooperate with four banks of Andorra: MoraBanc, Andbank, Credit Andorra SA and Banca Privada d'Andorra. Each of them has a high degree of secrecy, preserving complete anonymity of clients, if necessary. The banks of Andorra are considered to be among the most reliable in the world in terms of solvency and liquidity. In order to open personal account, it is not necessary to visit the country.

Attitude towards clients from Russia and other CIS countries

Banking services are rendered to individuals and legal entities without taking into account their geographical location abroad. Andorran banks are loyal to the citizens of Russia and do not impose additional requirements for collection and filing of documents.

All four banks of Andorra have Russian-speaking personnel, and the foregoing fact significantly simplifies the provision of services in case of personal arrival in the country. However, opening the account does not always require your presence.

Individuals should provide passport and certificate confirming the address of residence (registration). In certain cases, it is necessary to confirm the legality of acquiring funds that you plan to contribute on the account, and provide the recommendation from any Russian bank, the services of which you used.

Commercial companies collect standard package of documents and provide additional information about the account manager (internal passport, international passport, recommendation from the bank).

Features of keeping the funds

It is allowed to open personal (private) and corporate accounts (deposit, investments) in any currency in Andorra. Issues regarding regulation of opening account in Andorra are resolved through phone calls or during personal conversation with our lawyer.

Andorra: list of banks
Name of the bank Account opening cost Founded
Credit Andorra SA 900 USD 1949
MoraBanc 890 USD 1938
Andbank 1200 USD 1930