Fintech, asset management or crypto in Andorra: a heavily regulated framework

At a glance

Who it is for

Asset managers, investment advisers, payment fintechs and projects built around crypto-assets.

What to know before you start

• Financial activities require authorisation from the Andorran financial authority (AFA) before any start-up.
• The requirements for capital, governance, compliance and anti-money-laundering are high.
• Crypto-assets are regulated: the framework is evolving, so have it validated before you launch.
• The bank imposes enhanced compliance and a solid file.
• Financial advice to French clients may raise French and European rules.

The steps specific to this activity

1. Identify the exact regulatory status of the activity.
2. File the authorisation application.
3. Build the compliance team.

Before these steps, a company set up by a non-resident goes through the foreign investment authorisation: decision within 2 monthsverified on 09/10/2026, silence meaning refusal. See the incorporation steps.

The cost of an employee

If you hire, the employer contribution to the CASS is 15.5 %verified on 09/10/2026 of gross salary. Simulate your real cost:

Calculate the cost of an employee

Going further

• The 20 activities reviewed
• Choosing your legal form
• Residency linked to the activity

Figures common to every activity

Which residency for this activity

Depending on your situation: self-employed residency (stake above 34 %verified on 12/10/2026 in the company and effective management), professional with international projection if the clients are abroad, or the programme for foreign entrepreneurs. The timeline is detailed in the incorporation steps.

Before launching

Have the regime of your activity validated (free, communal or government licence, qualified profession), along with the premises and the budget: see domiciliation and the cost simulator.