Opening an account with Credit Andorra Bank

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COST OF OPENING AN ACCOUNT::

from 1500 c.u.

For more than half a century, Andorra has been an independent state, a member of the UN and the OSCE. By the way, despite the fact that Andorra is not one of the EU countries, the main currency of the state is euro.

Credit Andorra Bank is the largest banking institution in Andorra. Its history begins in the middle of the 20th century. It is noteworthy that one fifth of the bank’s capital is concentrated in the hands of its employees, while all shares are owned by private individuals. Credit Andorra Bank has offices in eight countries, besides this bank is included in the top 1000 world banks. The Banker’s magazine has repeatedly noted Credit Andorra Bank as the best bank in Andorra. And these are not empty words, as the bank’s ratings clearly indicate. It is considered financially stable, liquid, fully solvent and creditworthy for all its obligations, which not every institution can boast of.

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CREDIT ANDORRA BANK SERVICES

Credit Andorra Bank provides all popular banking products and services to its customers. Among them are:

  • Opening multi-currency accounts;
  • Opening deposits for different periods, starting from a month. At the same time, the prolongation of the deposit after the expiration of the contract is provided;
  • All types of currency transactions;
  • Work with government and corporate issuers;
  • Work with bonds;
  • Cooperation with investment funds;
  • Issue of VISA, MasterCard;
  • Lending to clients.

Credit Andorra Bank is also engaged in financial consulting, brokerage and trust management, as well as alternative investments.

One of the main priorities is working with foreign clients. Credit Andorra Bank opens accounts for international offshore companies and services them. In addition, the bank provides customers with all the means to conduct international business.

The following services are available for foreign clients:

  • Analysis of the financial condition;
  • Drawing up business plans;
  • Development of financial strategies;
  • Prompt execution of all incoming orders;
  • Assistance in the selection of financial products for specific purposes;
  • Providing comprehensive assistance in conducting commercial transactions;
  • Provision of consulting services;
  • Work with individual manager-consultant.

WHAT IS REQUIRED FOR AN ACCOUNT APPLICATION TO BE APPROVED

In order for a legal entity to open an account with Credit Andorra Bank, the following package of documents shall be submitted:

  • Registration certificate;
  • Charter of the company in the original;
  • Originals and photocopies of participants’ passports;
  • Proof of residence (copies of utility bills will suffice);
  • Letter of recommendation in the original;
  • Document confirming the legitimacy of the source of income;
  • Correctly completed KYC form;
  • Certificate confirming that the enterprise is in good condition. The validity of the certificate is no more than a year;

A distinctive feature of the process of opening an account with Credit Andorra Bank is the obligatory presence of the account holder during the operation. The only possible exception is an international company with many years of unblemished reputation and financial history.

HOW TO WORK WITH A BANK ACCOUNT IN ANDORRA?

For account holders in Andorra, there are two online business schemes – active and passive. As with most banks, the internet banking system can be used free of charge by managing accounts by phone or e-mail. Customer service is provided in several languages.

WANT TO OPEN AN ACCOUNT WITH CREDIT ANDORRA BANK, WE WILL HELP!

If you are planning to open an account with Credit Andorra Bank, you can use the professional assistance of our company’s lawyers. We help clients open accounts with the most prestigious banks. Our consultants will analyze in detail all the information provided and help you determine if Credit Andorra Bank is the best choice for your purposes. Lawyers will answer all your questions after the appeal, as well as conduct a consultation with a detailed analysis of all the issues that concern you. In addition, we will deal with the most important thing – with the collection of the documentation necessary for opening an account, which will help you to open an account with a minimum of your time and nerves.

Oleg Venediktov

General counsel of VIP Departament

Also, our company provides licensing services for various types of activities

You can get additional information by phone:
+35725263434 or email: assist@legalawyers.com

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