BancSabadell d’Andorra, S.A. (Andorra)

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BancSabadell d’Andorra, S.A. (Andorra) 

BancSabadell d’Andorra, S.A. (BSA) was established in Andorra in 2000 linking BancSabadell Group and Andorran Consortium of Businessmen. BSA became a major player on the market during last decade due to its solvency, trusting attitude to the clients and the quality of services.

 

Competitive advantage of BSA is based upon the exclusive “boutique of investments” together with solvency and universal service of international bank group.

 

BancSabadell BSA has a highly-qualified and experienced staff ready to provide a client with qualitative bank products and services based on individual approach to each client.

 

Types of accounts    

 

Private, corporate accounts.

 

Cost for account opening (bank fee) 

 

You can open the account free of charge.

 

The minimum installment is 3000 EUR.

The minimum balance is 1000 EUR.

 

Representative Offices

Representative offices are absent.

 

Managing your account

Via phone, fax, Internet banking, e-mail.

 

Bank tariffs

Account maintenance tariffs.

 

For physical persons and legal entities: 140 EUR quarterly.

 

Time you need to open the account

The process of account opening consists of the preparatory period and the account opening itself.

 

The preparatory period consists of gathering and presentation of the necessary documents by the client. The duration of this preparatory period depends directly on you.

 

The Bank examines the documents and forms and passes the decision on account opening. This process takes from 4 to 6 weeks following the date of meeting with bank manager.

 

BancSabadell d’Andorra adheres to the “know your client” principle and thus you may be requested any additional information or documents. This may extend the process of the account opening. Bank also may refuse to open the account without any explanations.  

 

Staff                          

 

English-speaking and Russian-speaking.

 

Credit/debit cards

 

Credit and debit cards are issued during 2-3 working days following the date of account opening. They can be sent to you via mail.

 

Other bank services

Crediting, fiducial services, documentary operations, safes, purchase of gold.

 

Documents necessary to open the account

Forms to be signed

All forms are available at the Bank Head Office during face-to-face meeting.

 

Documents necessary for the company**.

  • Originals and copies of all statutory documents with apostile;
  • Certificate of Good Standing in case the company was registered more than one year ago.

 

Documents necessary for the account holder:

  • original of internal passport;
  • original of foreign passport**;
  • original of reference from the bank where the account holder has the account no longer than 3 months.*

 

Documents necessary for the beneficiary:

  • original of internal passport;
  • original of foreign passport**;
  • original of reference from the bank where the account holder has the account no longer than 3 months.*

* In the case the reference is issued in language other than English dully notarized English translation is required.

 

** Bank may also request the translation of your passport into Spanish by a juror translator.

 

Documents necessary for nominee director, shareholder and secretary in case the company uses the nominee service:

  • apostiled set of documents including copies of passport, utility bill no older than 3 months and bank reference (in case the nominee director, shareholder and secretary  are physical persons);
  • apostiled set of statutory documents including Certificate of Incorporation, memorandum and Articles of Association, Minutes of Director’s Appointment  (in case the director is a legal entity).

You may be also requested the set of documents for this director under apostile including: copies of passport, utility bill no older than 3 months and bank reference.

 

To start the procedure off

You have to present us a business plan including:

  • the description of company’s activity;
  • reasons you want to open the account in Andorra;
  • ways of company’s management and financing;
  • name of the country where the company performs its main activity;
  • expected monthly volume of transaction, incoming and outgoing payments;
  • list of contractors.

 

The account holder/beneficiary has to meet with a bank manager at Bank Head Office. The interview will be held in English thus the account holder/beneficiary has to use the interpreter in case he/she doesn’t speak English. 

 

Web-site

www.bsandorra.com