Minimum documentation required for the study of the Business Mortgage:

• Andorran passport or residence and work permit (applicable only to the business owners and, if applicable, to the guarantors of the operation). 
• Proof of purchase price. 
• Purchase agreement (deposit contract). 
• Updated appraisal of the property or project budget (at the time of signing, the appraisal must be less than 6 months old).

In the case of companies with legal personality (public limited companies, limited liability companies, etc.):

• Balance sheet and income statement for the last fiscal year (and provisional financial statements for the current year).
• Audit report, in the case of companies required to do so.

The latest Corporate Tax (IS), General Indirect Tax (IGI), and CASS contributions of employees may also be requested to verify that these tax obligations are up to date.

In the case of businesses owned by an individual (self-employed and liberal professionals), they will be asked for:

• Asset declaration form.
• Annual income and expense declaration form.
• Proof of extraordinary income, if applicable.
• Balance sheet and income statement for the last fiscal year (and provisional for the current year) if required to present them.

If necessary, the bank may also request additional information to conduct a proper economic, financial, and asset analysis of your business.

If guarantees or other securities are needed, the manager may request documentation about the guarantors or additional guarantees.

Documentation and requirements necessary for the formalization of the Business Mortgage:

• Life insurance receipt (AndorVida).
• Mandatory payment by transfer or nominative check.
• Formalization of the transaction before a notary.
• Building insurance.
• Contents insurance.