Banks are solid, and there are no capital or exchange controls.
Numbered accounts are said to be known about only to you, your banker
and God. Strict anti-money laundering legislation stops criminal
activity, but excludes tax avoidance which is no crime in Andorra.
List of Andorra Banks
Offshore Bank in Andorra.
Andorra la Vella
Tel.: 376 821 333
Fax: 376 861 361
Av. Carlemany, 119
Tel.: 376 873 501
Fax: 376 873 515
Av. Meritxell, 96
Andorra la Vella
Tel.: 376 884 705
Fax: 376 884 499
Av. Meritxell, 80
Andorra la Vella
Tel.: 376 888 888
In June, 2004, however, Andorra was obliged to accept the EU's
Savings Tax Directive, and as from July, 2005, is imposing a withholding
tax of 15% on returns on savings paid to citizens of Member States of
the EU, of which 75% is remitted onwards to the States concerned. In
March 2009, Andorra’s government announced that it would cooperate with
OECD principles by reaching tax information exchange agreements by
November 2009, when it will pass legislation to ease its banking secrecy
There are no taxes in Andorra for companies or individuals other
than modest annual registration fees, municipal rates, property
transaction taxes, and a sliding scale capital gains tax introduced in
2007. The problem for offshore enterprises is that Andorra insists on
two-thirds majority ownership of all types of business entity by
Andorran nationals or long-stay residents. Although nominee arrangements
can bypass this problem in day-to-day terms, the legal reality remains.
There are no special regimes for 'offshore' entities and no trusts
(Andorra is a civil law jurisdiction). This has tended to limit
Andorra's offshore business to wealthy individuals.
Immigration Controlled by Residence and Work Permits
To encourage immigration by high-net-worth individuals (often retired)
the Government offers Passive Residence Permits, which are not cheap.
Otherwise, long term residence is only possible to those with work
permits, which are controlled by quotas.
Offshore Directory by country:
financial diversification and capital protection - are you
We have warned readers since many months to "get money out
of US banks, brokers or commercial banks anywhere" and move
their after-tax cash to a safe Swiss private bank. YES,
Swiss private banks (asset management banks) are safe and
Swiss banking privacy laws ARE intact.
Switzerland is still the world's safest country with the
safest banking system, offering globally oriented investors
the largest selection of investment markets, currencies,
equities, bonds and precious metals bullion.
In Switzerland, no one can access your account except in
criminal prosecution cases, such as income tax evasion or
tax fraud (click here).
hidden : our website explains in detail our services, what you
will receive and the procedures. Our FAQ's page
is extremely detailed.
Our support is second to none : we reply to most emails within
24 hours (even in minutes if we will receive them during
guarantee : if for any reason the bank will reject your
application we will give your money back.
History of Offshore Bank Accounts.
What is an offshore bank? -
Offshore Banking Myths -
What is bank account?
Who can legally open and hold an offshore account?
Where should an offshore account be established? -
Who can benefit by putting their money offshore? -
Is it convenient to use offshore banks? -
What are some of the general advantages of banking offshore?
Do I have to pay income tax on income I've earned offshore?
How do I open and access an offshore bank account?
Is there any restrictions regarding citizenship? -
In which currencies can I open offshore account? -
What is the minimum deposit required to open an offshore
What documents are required for the opening of a bank
How long does it take to open a bank account? - Who will control my bank account?
Is my bank account guaranteed when I pay your fee? -
What happens, if a bank declines my account application?
Is offshore banking safe?
Am I guaranteed absolute privacy and confidentiality from an
offshore bank? -
Can I view my offshore accounts and investments online? -
Can I get cards to access my money with an offshore account?
What is saving account?
What is deposit account? -
What is current account? -
What is numbered account? -
What is bank secrecy? -
What is private banking?
ALPHA A -
ALPHA EQUATION -
DEPOSITARY RECEIPTS -
AMERICAN STOCK EXCHANGE (AMEX) -
AMERICAN-STYLE OPTION -
ANNUAL REPORT -
- ARMS INDEX -
AT THE MONEY -
AVERAGE MATURITY -
BACK OFFICE -
BANKER'S ACCEPTANCE -
BASIS POINTS -
BEAR RAID -
BETA (STOCKS) -
BETA EQUATION (STOCKS)
BETA (MUTUAL FUNDS) -
BETA EQUATION (MUTUAL FUNDS) -
BLOW-OFF TOP - BREAKOUT -
BULL MARKET - BUYOUT
CALL OPTION -
CAPITAL EXPENDITURES -
CAPITAL GAIN -
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The information contained in this Website is
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