Historically, Andorra has based his business model in the financial system. This has been a really important sector during several years in Andorra.

Nowadays there are five banks in Andorra with more than 80 years of experience:
1- Mora bank.
2- Credit Andorrà.
3- Banc Sabadell d’Andorra.
4- Andbank.
5- Vallbanc.

The Andorran National Institute of Finance (INAF) is the organization that oversees and monitors the Andorran financial institutions system.

The Financial Intelligence Unit of Andorra (UIF) is the independent organization whose mission is to develop and coordinate the prevention of money laundering.

Unfortunately, the last 2015 the US accused BPA (Banca Privada d’Andorra) of money laundering. This has ended with the intervention of this bank by the Government and nowadays the rest of the Andorran banks has a really strictive politicy about new clients.

Nonetheless, you can open a bank account in Andorra as a non-resident passing through a hard compliance procedure. You also can open bank account for your business passing this compliance procedure where I count with a huge experience.

In this point, I can help you opening a bank account in an Andorran bank, passing this hard compliance and due diligence procedure.