passive residence and residence permits in Andorra
Passive or non-profit residency is aimed at those people who live in Andorra and do not work on behalf of others This residence permit is the best way to obtain legal residence without having to have a work contract in Andorra, and is aimed at those with enough income either by renting properties, funds, bank interest, pensions or any other means of income.
This residence permit is very advantageous for people who are not going to stay in Andorra for a long time of the year, since It will only be necessary to stay 90 days in Andorra instead of the 183 needed for the self-employed residence. In this way, you have availability to travel almost all year round.
This type of passive residence is aimed at:
- Investors in Andorra.
- For reasons of scientific, cultural or sporting interest.
- Professionals and entrepreneurs with international projects.
passive residence for investors in Andorra
These are the specific requirements to obtain it if you are an investor:
- Have a property in Andorra or a rental contract.
- Invest in a property for a value of 600,000 euros or pay said amount in a bank fund in Andorra. It is reduced to €400,000 if you invest in the Andorran government’s Housing Fund.
- Minimum stay of residence of 90 days.
- Certificate of good conduct.
- Health insurance private.
- Medical certificate made in andorra
- A deposit of more than 47,500 euros, plus 9,500 euros per person in charge, in the Andorran Financial Authority until the passive residence is resolved.
- Income compliance of more than 300% of the minimum wage Andorran, currently at €1,083.33. In addition, if you have dependents, you must add an extra 100% per dependent.
Residence for reasons of interest scientific, cultural and sports
It is aimed at recognized scientists, cultural personnel, and athletes who can prove your activity with prizes, titles etc. The following documentation will be required:
- Passport.
- Certificate of Civil Status.
- Contract of rent or documentation of buys of a house.
- Evidence of scientific cultural or sports qualities.
- Income compliance of more than 300% of the minimum wage andorran. In this case, as in the rest, an extra 100% per person in charge.
- Certificate of good conduct.
- Medical certificate Made in Andorra.
- pension of retirement, disability or pension insurance, If that’s the case.
- Deposit of more than €47,500, plus 9,500 euros per dependent, in the AFA until the passive residence is resolved.
This permission must renew after first year and subsequently renewed every three years.
Residence for professionals and businessmen with international projects and to pensioners
This permit is aimed at people who want to open a company in Andorra and who want to project their services internationally.
Requirements to obtain it:
- Contract of rent or purchase of living place in Andorra.
- Justification of sufficient income.
- Minimum stay of residence of 90 days.
- 85% of income must originate in other countries other than Andorra.
- It must be the headquarters of the company in Andorra.
- Accreditation of business plan develop.
- Justification of the retirement pension, disability or pension insurance, If that’s the case.
- Make a deposit of more than €47,500, plus 9,500 euros per dependent, at the Andorran Financial Authority (AFA) until the passive residence is resolved.
This residence permit is valid for two years, It can be renewed for two more years and with a three-year extension. After seven years, the next renewal will be for ten consecutive years.
If you need it, Andorra Advisors by Augé Grup offers you its financial management and investment services with which you can walk on the safe side and allow you to focus on your investments with complete peace of mind.
