The advantages of the banking system in Andorra are the following:
To open an account in an Andorran bank, you have to submit a set of documents and meet certain requirements, which may differ depending on the bank.
The standard set of documents includes director, company owners and other attorneys-in-fact ID cards as well as the original statutes (apostilled).
The verification process by a bank institution and direct opening of an account usually takes 14 days or more. It depends on the requirements of the chosen bank.
Please contact us if you ever need to open an account in Andorra. Our specialists have extensive experience in working with local banks and are ready to help in choosing the proper bank for your business as well as assist in preparing the necessary documents.