Residence permit in Andorra without the right to work

A residence permit in Andorra without the right to work, or a passive residence, is primarily suitable for those who have significant savings or a steady income and do not plan to operate in Andorra. In this case, a permanent presence in the country is not required, only a signed commitment to live in Andorra 90 days a year is required, but this is not actually controlled.

This program for obtaining a residence permit in Andorra gives you the opportunity to become a tax resident of the Principality and officially pay low taxes in Andorra – 10%, if you declare that you live in Andorra for more than 183 days a year.

*(the first 25 thousand euros are not taxed, from 25-40 thousand -–5%, from 40 thousand –10% on amounts above 40 thousand euros).

Besides, a residence permit provides the following benefits:

– Visa-free entry to the territory of France and Spain.

– Tax incentives.

– High quality of life.

– Free school education, quality medical care.

– There are no migrants from disadvantaged countries in Andorra.

How to get a passive residence. Required investments to obtain a passive residence:

– This program of immigration to Andorra implies a mandatory investment in the Principality in the amount of 600,000 euros, within six months from the date of obtaining the residence. (Investments in real estate, securities, banking products are counted).

– A deposit of 47,500 euros for the main applicant + 9,500 euros for each family member will need to be placed on a state interest-free refundable deposit in AFA (Autoritat Financera Andorrana) for the entire period of holding a residence permit in Andorra without the right to work. These funds are counted as part of the investment.

– Show means of subsistence in Andorra, confirmed by a certificate from an Andorran bank on the availability of an amount of 40.000 euros for the main applicant + 15.000 for each additional family member. This money can be freely used, but the amount will need to be replenished periodically. It is better yet to have it as a minimum account balance.

– Availability of housing – rented or owned.

– Insurance in Andorra, consisting of three parts: health, pension plan, disability (about 1.200 – 2.000 euros per person per year).

Immigration to Andorra under this program will require the following documents:

1) International passport valid for at least 1 year.

2) Certificate of non-conviction (from the country of birth, if different from the one of which you are now a citizen, as well as from the countries in which you have lived over the past 5 years.

3) Marriage certificate (a duplicate with a fresh date of issue is required, as it is regarded by local authorities as a reference).

4) A color photo 3.5 x 4.5 mm.

5) A signed commitment to live in Andorra 90 days a year will be required, but this is not actually controlled.

6) Information on income for the last 5 years. (Any official document will do, either personal income tax, or a reference from the tax office, from the place of work, etc.).

7) A contract for rent (purchase) of housing in Andorra.

8) Certificate from the bank on the availability of means of subsistence.

9) Insurance certificate of the availability of insurance in Andorra.

For children:

– Passport

– Birth certificate

– Vaccination certificate

– Health certificate

More documents

are required from applicants from non-EU countries. Provision of the following documents will be needed:

– Proof of residence for the last 5 years. (Reference, extract from the house book or translation of the passport with registration stamps)

– Proof of occupation within the last 5 years.

– Registration documents of companies in which you directly own more than 25%.

– Tax returns for the last 5 years.

The process of registration in stages:

– Opening a bank account in Andorra, collection and preparation of documents in the country of residence. We provide assistance remotely: we contact the bank and start the process of opening an account. Your personal presence will be required to complete the account opening process.

– You arrive in Andorra with the collected packages of documents (after sending us scans for verification), complete the process of opening an account, obtain insurance, rent (or buy) housing, transfer the amount to your account, about which you take a confirmation from the bank, after which you can submit documents to the immigration office.

– Obtaining a referral and visiting medical examining board. This event is quite formal. It comes down to a cursory examination, doing Mantoux test for tuberculosis, and after 3 days you need to show the reaction.

– In 3-4 weeks you need to make a deposit in AFA. This means that the verification is completed and you will be issued an Andorran resident card in about two weeks.

– Now you have six months to invest the rest of the amount in Andorra.

We provide qualified assistance throughout the entire process of immigration to Andorra, as well as help with adaptation in a new country at the initial stage.

Comparative characteristics of passive and active residences in Andorra.