Bank account in Andorra without being a resident: is it possible?
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The short answer
Some banks accept non-residents, subject to supporting documents and a business relationship. The requirements are stricter than for a resident and vary from one institution to another.
Typical conditions
- Proof of the origin of funds.
- A clear economic reason (property project, activity, savings).
- A face-to-face meeting in most cases.
Reference values
Minimum deposit required by some banks: varies by institution, to be requested in writing.
See personal account and bank comparison.
The framework: anti-money-laundering rules
Banks apply the law on the prevention of money laundering (Llei 14/2017, amended by Llei 37/2021). They must identify the client, understand the origin of the funds and know the beneficial owner. There is no general obligation to be a resident in order to open an account: it is the file that counts.
What makes the file strong
| Element | What the bank wants to see |
|---|---|
| Economic reason | Property project, company, savings, genuine activity |
| Origin of funds | Statements, sale contract, payslips |
| Identity and address | Identity document, proof of address abroad |
| Consistency | An account tied to an identifiable project in Andorra |
When the account becomes necessary
- Property purchase: a local account makes payment and running costs easier: see buying as a non-resident.
- Passive residency: an account is useful for the investment and for the payment of 50,000 €verified on 09/10/2026: see passive residency.
- Company: the capital is paid up by an actual contribution; see company account.
Fees
Banking services bear an increased IGI of 9.5 %verified on 09/10/2026. Ask for a written fee schedule before opening.
Mistakes
Turning up without a specific project, or with an undocumented origin of funds, is the leading cause of refusal. See personal account.
Frequently asked questions
Do you need a specific project?
Yes, banks ask for the reason for the relationship.
How long does it take?
The timeframe varies from one institution to another.
Going further
Official sources
This information is general and is not personalised legal, tax or financial advice. It is verified as of the date shown and may change.