Luxembourg
From ~USD 570K-1.1M
AAA · US Limited
Andorra Private Banking
A discreet Pyrenean banking center with competitive taxation and strong Spanish/French cultural ties.
Banking overview
- Min. Deposit
- EUR 300K-500K
- Sovereign Rating
- BBB+
- US Clients
- Limited
- Remote Opening
- Partial
Banking landscape
Number of Banks
+10
Notable banks
MoraBancAndbankCredit AndorraBanc Sabadell d'AndorraVall Banc
Regulatory & Compliance
Sovereign Rating
BBB+
Deposit Insurance
EUR 100K per depositor per bank
CRS Participant
Yes
FATCA Compliant
Yes
US Clients
Limited acceptance
Account opening
Remote Opening
Partial (video KYC)
Processing Time
4-8 weeks
Non-Resident Friendly
Yes
Opening notes
Initial meetings may be remote; account finalization often requires visit
Services & Features
Multicurrency accounts
Custody services
Lombard lending
Crypto custody available
Good digital banking
Typical fees
Typical AUM Fee
0.5-1%(Competitive pricing with personalized service)
Key advantages
Maximum 10% income tax rate with various exemptions
Personalized boutique service model
Strong cultural ties to Spain and France
Considerations
Small banking sector with limited options
Lower sovereign rating than major European hubs
Geographic remoteness may limit accessibility
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