Andorra Offshore Banking, Offshore Banking in Andorra, Europe

Andorra Offshore Banking

Offshore Banking in Andorra, Europe

Andorra Offshore Banking

Andorra has a long standing reputation as a tax haven with no income tax payable from those who reside in the principality. This has attracted many wealthy individuals to the Andorran state and attributed greatly to its role as an offshore banking centre.

Stringent control on foreign ownership of financial institutions and the enforcing of privacy laws have also attracted foreign investors to the principality. Of course EU legislation on taxation directives and money laundering in recent years has led to a certain degree of opening up to occur, but overall Andorra remains a major competitor in the offshore banking world.

A restricted selection of banks are allowed to operate in the Andorran principality, and more recently a number of asset management companies. Banks operating as of August 2006 include Andbanc, Banc Internacional Banca Mora, Banca Privada de Andorra, Caixabanc, Credit Andorra, and Bancsabadell d'Andorra. For more information please contact the (INAF) Institute Nacional Andorra de Finances direct using the details provided below.

 

(INAF) Institute Nacional Andorra de Finances

Av. Princep de Benlloch 30,

3r Andorra La Vella

TEL               +376 808898

FAX               +376 865977

 

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Andorra Offshore Banking, Offshore Banking in Andorra, Europe

 

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