Updated on November 20, 2024

Andorra Residence Permit

Tax optimisation and living in Europe

€400,000+

Investment amount

2 months

Obtaining period

90 days a year

Mandatory residing
in the country

An investor can get an Andorra residence permit by investing at least €400,000 in the country’s economy. Andorran residents don’t pay capital gains and dividends taxes and save on income and corporate taxes. Residence permit holders can visit France and Spain without visas and get visas to the Schengen Area, the USA, Canada and other countries under a fast-track procedure.

The Andorra residence permit by investment does not give the right to work and start a business as all income must come from abroad.

The jurisdiction of Andorra is suitable for registering the tax residency of an international business or opening a new company. The corporate tax rate is 10%.

Benefits of the Andorra residence permit

  • 1

    Visa-free entry to France and Spain

    The Andorran residents visit the two neighbouring countries freely.

  • 2

    Getting visas to the Schengen Area, the UK, the USA, and Canada under an expedited and simplified procedures

    A Schengen visa is issued within 1 day, and visas to other countries — in a few days.

  • 3

    Low tax rates

    There is no tax on wealth and inheritance for tax residents, and the rate on dividends, capital gains and profits is only 10%.

    Inheritance, wealth, profits and dividends from a holding are not taxed.

  • 4

    No automatic exchange of banking information about tax residents

    Andorra is better than any other European jurisdiction at keeping data about its residents. Local banks do not report foreign investors’ accounts to other countries’ tax authorities.

  • 5

    Quality medicine: TOP 5 in world rankings

    The compulsory insurance covers up to 90% of all medical expenses. The average life expectancy in the country is 83 years.

  • 6

    Education for children

    At school, children study in Catalan, French, Spanish and English.

price

Get maximum information about the process

  • Step by step procedure

  • Requirements for applicants

  • Necessary documents

  • Answers to frequently asked questions

Who can get an Andorra residence permit

  • Investor

    • Over 18 years old

    • No criminal record or conviction

    • Owned or rented accommodation

    • Medical examination report

    • Legal monthly income of at least €3,250

    • Medical insurance

  • Spouse

    Or a partner in a committed long-term relationship, with same-sex marriages being allowed

  • Children under 18

    Including children from previous marriages

  • Children under 25

    • Students

    • Financially dependent on the investor

    • Unmarried

Expenses for obtaining the Andorra residence permit

An investor can choose one of several investment options of at least €350,000:

  • buying real estate or securities;

  • investing in a business;

  • opening an interest-free deposit.

If the applicant chooses not to invest in real estate, buying or renting a residential property in Andorra is still necessary. However, there are no area or cost requirements.

Investments can be returned after the residence permit expiration or when the status is no longer needed.

Investment options are:
1. real estate;
2. government bonds;
3. a business;
4. an interest-free deposit.

Investor

€350,000

Married couple

€340,000

Family of 3 or
more people

€330,000
— €10,000 per family member, starting with the fourth one

Security interest-free deposit in the Andorran National Institute of Finances (INAF)

Investor

€50,000

Married couple

€60,000

Family of 3 or
more people

€70,000
+ €10,000 per family member, starting with the fourth one

Confirmation of income
The minimum annual income must be deposited in an Andorran bank account. After the application is approved, the money can be withdrawn.

Investor

€39,000

Married couple

€78,000

Family of 3 or
more people

€117,000
+ €39,000 per family member, starting with the fourth one

Due Diligence

Investor

€15,000

Married couple

€25,000

Family of 3 or
more people

€25,000
+ €10,000 per family member over 12

Administrative fee

Investor

€1,000

Married couple

€2,000

Family of 3 or
more people

€3,000
+ €1,000 per family member, starting with the fourth one

Fee for a residence permit card

Investor

€5,000

Married couple

€6,000

Family of 3 or
more people

€7,000
+ €1,000 per family member, starting with the fourth one

Medical insurance

Investor

€2,000+ per year

Married couple

€4,000+ per year

Family of 3 or
more people

€6,000+ per year
+ €2,000+ per per each family member, starting with the fourth one

Individual cost calculation for the Andorra residence permit

Individual cost calculation for the Andorra residence permit

Get an individual calculation for your family with all associated costs and government fees

Step-by-step procedure for obtaining the Andorra residence permit

Obtaining an Andorra residence permit by investment takes about two months. An investor must come to Andorra for a few days to apply and pass a medical examination as it cannot be done remotely.

1

1 day

Preliminary Due Diligence

A certified Compliance Anti Money Laundering Officer conducts a preliminary Due Diligence. They check international databases to see if there is a rejection risk. In case there are any issues, our lawyers will offer a solution. The applicant only needs a passport.

Pass a quick test and learn the nuances that can prevent you from obtaining a second citizenship.

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2

Up to 2 weeks

Collection of documents

Immigrant Invest lawyers help collect, translate and apostille documents, get medical insurance, and conclude a real estate lease agreement.

The main set of documents includes:

  1. Forms for opening a bank account.

  2. Originals and copies of the national and international passports.

  3. A bank statement.

  4. A letter of recommendation from a bank.

  5. Disclosure of origin and proof of the legality of funds transferred to the bank.

  6. Evidence of the place of residence for the last 5 years.

  7. Proof of employment for the previous 5 years.

  8. Corporate documents for business owners.

  9. Tax returns for the previous 5 years.

  10. Police clearance certificates that are issued not earlier than 3 months.

  11. A marriage certificate.

  12. Confirmation of a permanent address in Andorra.

  13. Medical insurance.

3

Up to a week

Opening a bank account in Andorra

An investor passes Customer Due Diligence to open an account and proves that all the money has been earned legally. After that, the bank helps prepare the remaining documents and choose investments.

4

2 days

Application to the Migration Service of Andorra

An investor needs to apply in person in Andorra. The procedure takes two days: on the first day, the application is submitted, and an interview is held on the second day. The application will be considered within 3 to 8 weeks. During this time, the investor and their family pass Due Diligence. Therefore, we study all documents in advance and warn about possible risks.

5

Up to a week

Medical examination and money transfer

A complete medical examination takes up to 4 days. An investor passes the main medical examination and undergoes the Mantoux test on the first day. The reaction to the test will be checked three days later.

6

3—8 weeks

Getting a residence permit

Residence permits are issued for the investor, a spouse, minor children and children under 25 who study at a university.

A residence permit can be received without coming to the country through a trusted representative.

7

Up to 6 months

Fulfilment of an investment condition

The investment should be made within 6 months after obtaining a residence permit.

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Residence permit and Immigrant Invest stay with you

After obtaining a residence permit, the investor faces a number of everyday issues and has to communicate with local officials. We can help with that in Andorra or remotely.

  • Residence permit renewal

    We prepare and submit the necessary documents

  • Registration of tax residency

    We request the status of a tax resident in the tax service after the investor has spent more than 183 days in the country

  • Opening a bank account

    We help to choose a bank and prepare documents for opening an account

  • Residence permits for family reunification

    For example, if you want parents or close relatives to move to Andorra

  • Selecting real estate

    We help choose the property type and location, organise a property examination, and close a deal. We also help with the selection of investment property.

  • Getting a driver's licence

    You must exchange your driver’s licence within a year after moving to Andorra. At the inspector’s discretion, a driving test may be required. If you exchange the licence later than within a year, you will need to pass an exam in theory and practice. We help to submit documents and go through the process.

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Let's discuss the details

Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.

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Frequently asked questions

  • What investments are returnable?

    All investments can be returned after the residence permit expiration. The residence permit will be cancelled if the assets are sold before this time.

  • Are minors subject to Due Diligence?

    No, only the main applicant undergoes Due Diligence.

  • What is the required minimum investment amount?

    The minimum investment amount is €400,000: €350,000 is an investment itself, and €50,000 goes to a security deposit in the Andorran National Institute of Finances to guarantee of the investor’s solvency.

  • If I rent a property in Andorra, what additional costs will arise?

    There are no additional costs. You need to pay rent and utilities.

  • What obligations arise after obtaining a residence permit in Andorra?

    It is mandatory to spend at least 90 days a year in the country, bear the associated costs, keep the investments, and transfer the minimum required income of €39,000 per person per year to an Andorran bank.

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We will develop an individual solution, select a country and status that will solve your problems, and accompany the entire process.

Zlata Erlach
Zlata Erlach

Head of the Austrian office

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