Creand Crèdit Andorrà is one of the main financial organizations of Andorra, established back in 1949. Today the main goals of the group are: providing a wide range of banking services in Europe, North and South America, as well as banking for the private and corporate sectors.
In addition, the bank initiates a wide range of social initiatives aimed at promoting social progress.
The group is currently represented in Spain, Luxembourg, the USA, Mexico, Panama and Peru.
OPEN AN ACCOUNT IN CREDIT ANDORRA
Opening an account - no commission is charged.
The minimum deposit - 100 000 EUR.
The minimum investment amount - 600 000 EUR .
Representative offices are absent.
Via phone, fax, Internet banking, e-mail.
Bank tariffs can be found here.
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.
Crèdit Andorrà 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.
English-speaking and Russian-speaking.
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.
Crediting, fiducial services, documentary operations, safes, purchase of gold.
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.
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.
Personal, corporate.
The bank only opens savings accounts for companies registered in Andorra. To open a company account, you must first open a personal savings account.
For further consultation concerning the terms of account opening in Credit Andorra S.A. (Andorra) please contact our office. We will respond to any questions you may have and will help you open an account in Credit Andorra or any other bank out of 60 foreign banks you may choose from.
