🇦🇩

Crypto Regulation in Andorra

Legal

Andorra enacted a Digital Assets Law in 2022, establishing a licensing framework under AFA. The principality has favorable tax rates and seeks to attract crypto businesses.

Region: EuropeCurrency: EURRisk Score: 30/100

Tax Information

Capital Gains (Personal)
10% on crypto gains (general maximum personal income tax rate)
Capital Gains (Corporate)
10% corporate tax
VAT on Crypto
No
Staking Tax
--
Airdrop Tax
--
Mining Tax
--
Summary
Andorra has low tax rates with a maximum 10% personal income tax and 10% corporate tax, making it attractive for crypto investors.

Licensing & Registration

License Required
Yes
Regulator
AFA (Autoritat Financera Andorrana (Andorran Financial Authority))
Framework
Law on Digital Assets (2022)
License Types
Digital Asset Service Provider License
Estimated Cost (USD)
$30,000 - $150,000
Timeline
4-10 months
Ease of Licensing
Medium
Notes
AFA oversees crypto licensing under the 2022 Digital Assets Law. Andorra is a small jurisdiction with limited capacity but attractive tax rates.

AML / KYC

KYC Required
Yes
Travel Rule
Yes
FATF Member
No
FATF Status
Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.14
Renewable Energy
30%
Climate
Temperate
Infrastructure
Good
Tax on Mining Income
10% corporate tax

Soken Services

Legal Opinion
Available | $3,000 - $12,000 | 10 days
Banking
Difficulty: Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SEPA, SWIFT, SEPA Instant
Card Payments
Visa, Mastercard
Company Registration
$8,000 | 30 days | Limited Liability Company (LLC)
Licensing Support
Available | $25,000 - $100,000

Sources

AFA
Reviewed: 2026-02-01ai_baseline

Frequently Asked Questions

Is crypto legal in Andorra?
Cryptocurrency is currently classified as "Legal" in Andorra. Andorra enacted a Digital Assets Law in 2022, establishing a licensing framework under AFA. The principality has favorable tax rates and seeks to attract crypto businesses.
What is the crypto tax rate in Andorra?
In Andorra, the personal capital gains tax on crypto is 10% on crypto gains (general maximum personal income tax rate), and the corporate tax rate is 10% corporate tax. Andorra has low tax rates with a maximum 10% personal income tax and 10% corporate tax, making it attractive for crypto investors.
Do I need a crypto license in Andorra?
Yes, a crypto license is required in Andorra. The regulator is Autoritat Financera Andorrana (Andorran Financial Authority) under Law on Digital Assets (2022). Estimated licensing cost: $30,000 - $150,000.
Is crypto mining legal in Andorra?
Yes, crypto mining is legal in Andorra. Electricity costs approximately $0.14/kWh. Mining income is taxed at: 10% corporate tax.
What are the AML/KYC requirements for crypto in Andorra?
Yes, crypto businesses in Andorra must comply with KYC (Know Your Customer) requirements. The FATF Travel Rule is implemented. FATF compliance status: compliant.