Residence permit in Andorra

The Andorra residence pass lets you stay in the country for as long as you want, with no limit on the number of days.

Minimum investment

€400,000

Waiting time

from 2 months

Issued for

1 year

Residence permit in Andorra for investment in local economy

People want to get a passport in Andorra because it lets them enter European countries without a visa, saves them money on taxes, and lets them live in a small but economically developed state. You have to live here for a long time before you can become a citizen and get an Andorra passport. Getting a residence certificate in Andorra makes this much more accessible. Getting a residence permit in the country is possible if you help the economy grow. Investing in land, a business, state assets, or a bank deposit are ways to get a residence permit for investing in the local economy.

You must spend at least €400,000 to get a residence permit. This can include buying a house, putting money into local businesses, or buying stocks. You can also open a savings account at a nearby bank that doesn't pay interest. It is important to remember that all investments must be legal and backed up by the proper paperwork.

The process of obtaining a residence pass in this country is straightforward. It begins with filling out an application and providing the necessary documents, including proof of legal income, a clean criminal record, and good health. Once these are submitted, you receive a temporary residence permit, which can be extended upon acceptance of your application.

Getting an investor's residence pass can help you save money on taxes. For example, the corporate tax rate is 10%, and the capital gains tax rate is 10%. People who want to minimise their taxes will be interested in this state. Aside from that, the country is known for being safe and having good medical and educational services.

While citizenship by investment in Andorra requires a 20-year residency, the benefits are worth the wait. In the meantime, owners and their families can enjoy the perks of living in the country by renewal of residence permit in Andorra. This investment program is a promising and cost-effective choice for those looking to relocate to Europe and start a business.

Benefits of Andorra residence permit

Children's education

Tax incentives

Quality medicine

Easy processing of other visas

Visa-free travel to Spain and France

Fast Schengen visa application in 1 day

Simplified visas for the USA, Canada, and the UK

Obtaining a driving licence

Maintaining secrecy about foreigners' bank accounts

Visa-free travel with countries

USA

United Kingdom

Canada

Norway

Switzerland

Germany

France

Spain

Sweden

Finland

How to get investor's residence permit in Andorra

The candidate must meet the following conditions:

Age and legal income. The person must be at least 18 years old and show proof of a legal way to make at least €39,000 a year;
Criminal record. You need to show proof that you don't have a criminal record in your home country;
EUR 350,000 must be put into property, businesses, or state assets (EUR 350,000 must be put into the chosen area, plus EUR 50,000 must be put into a security deposit at the Central Bank);
Health insurance. This type of medical insurance covers all health risks;
The owner must either own or rent a place to live in.

With these requirements met, investors and their families can get a residence pass and enjoy living there.

Documents to obtain a residence permit in Andorra

To get a residence permit, the owner needs to show the following papers:

a current passport that is good for at least 1 year;
certificate that you have never been convicted of a crime: from where you live permanently;
proof that you have put at least 400,000 euros into land, a business, or other assets;
health insurance is a plan that covers all possible health problems;
income documents: proof of income, like pay stubs or tax returns;
rental deals or property papers: evidence that you have a place to stay.

How to obtain residence permit in Andorra for investments

Up to 1 week

Pre-check

You need to open an account with one of the local banks to meet the investment requirements and do other financial business. Doing this would help because all purchases must go through an Andorran bank. You must show your passport, a certificate of no criminal record, and bank statements to prove that you have a real income to start an account.

Up to 1 week

Collecting documents

A bank account must be started, and all the necessary papers must be gathered before an application can be sent to the state's migration service. It needs to have all the gathered documents and the forms the organisation filled out. It is necessary to have all papers translated into Spanish or Catalan and notarized.

Up to 1 week

Opening a bank account in the country

Up to 1 week

Applying to the migration service

Once all documents have been collected and a bank account has been opened, an application must be submitted to the country's migration service. It must include all the collected documents and the completed forms provided by the service. Ensuring all documents are translated into Spanish or Catalan and notarised is essential.

Up to 2 weeks

Health check and transfer of investments

One of the required steps is to get a medical check-up. This has to be done to make sure you are healthy and don't have any diseases that could be dangerous. After you pass the medical check, you must move the money from the investment to a bank account in Andorra.

About 2 weeks

Obtaining a residence permit

Once you've done all these things, the transfer service will review your application. You will be given a residence permit if the result is positive. Most of the time, the review process takes 2 months. The residence permit is good for 1 to 2 years but can be extended if all the requirements are met.

Fulfilment of the investment condition

The most important thing is to put at least €400,000 into property, a business, or other investments. There must be proof of payment, which must follow the law. Remember that you might be turned down if you don't meet this condition.

Cost of residence permit in Andorra

There are many costs that investors should be ready for. These are the main costs:

EUR 350,000 must be put into real estate, businesses, or stocks, and EUR 50,000 must be put up as a protection deposit with the Central Bank. Investments must be backed up by paperwork and follow the law.
Banking costs: You must open an account with an Andorran bank. There are fees for opening an account and keeping it open and possibly extra fees for transfers and other activities. On average, bank fees can be anywhere from €500 to €1,000 per year.
Legal and notary services are crucial in this process. A lawyer and a notary will meticulously fill out and notarize all necessary paperwork, ensuring a smooth and secure investment journey. While the prices for these services may vary, they typically range between €2,000 and €5,000.
Insurance for medical care is non-negotiable. It's essential to have comprehensive coverage that protects against all risks. The cost may vary based on age and health, but on average, it's around €1,000 to €2,000 per year, providing peace of mind for your health and well-being.
Some administrative fees and taxes go along with the application. These fees include handling the application, giving out the card, and other administrative costs. The total fees for management can be anywhere from €500 to €1,000 per person.
Housing and other costs: besides the above expenses, the owner also needs to think about housing, food, transportation, and other day-to-day expenses.

	Investor	Married couple	Family of 3 + persons
Investment in real estate, securities, company, bank account	€350,000/person	€340,000/person	€330 000/person + €10,000/person starting from the 4th family member
Interest-free deposit with an Andorran bank	€50,000/person	€60,000/person	€70,000/person + €10,000/person starting from the 4th family member
Income confirmation	€39,000/person	€39,000/person	€39,000/person
Due diligence	€15,000	€25,000	€25,000 for 3 persons + €10,000 for each family member over 12 years old
Dues, fees, insurance	From €8,000	From €12,000	From €16,000 + from €4,000 for each family member starting from the 4th one

Getting citizenship in Andorra

Acquiring Andorran citizenship is a complex process, requiring at least 20 years of residence in the country. If you want to immigrate to Andorra, it is also necessary to renounce your previous citizenship. Nevertheless, obtaining a residence permit will allow you to enjoy all the advantages of your decision to move to Andorra.

FAQ

How much is residence permit in Andorra?

The amount of the investment plus extra costs for paperwork and legal services make up the cost of a residence permit in Andorra. To get a residence pass in Andorra, you must first contribute 400,000 euros to the country's economy.

For how long an Andorran residence pass is good?

At first, it was valid for 1 year. When you apply again, it's extended for 2 years. After that, it's extended for 3 years; after that, it's extended every 10years.

How to renew residence permit in Andorra?

To renew, you must apply to the local government before the current residence permit expires. You need to send in up-to-date proof that you meet the requirements for living and investment.

How to get residence permit in Andorra and relocate relatives?

Family members can move to Andorra to work or trade. You can apply for family reunification to bring your spouse and children once you have a personal residence card.

What an Andorra residence pass gives you?

If you invest in the Andorran economy and get a residence pass, you can live there and use the country's medical and educational services. It also makes it easier to obtain visas from other countries, like the US and Schengen states.

Can I get a permanent residence at the end of my residence permit?

You can apply for permanent residence after living in the country for 20 years. In this case, you should also find out how long you can stay outside Andorra with residence permit.

Is it possible to apply for a residence permit remotely?

No, processing requires that you be present in person to submit your application and complete the required steps.

Which documents do you need to get a pass to live in Andorra?

To move to Andorra, you generally need a passport, a certificate of no criminal record, a medical exam, insurance, proof of wealth, and a plan to invest.

How long you need to live in Andorra to obtain citizenship?

20 years. In addition, you will have to give up your current passport, as dual citizenship in Andorra is not allowed.

Is it possible to work in the country with a residence permit?

Yes, but only with certain types of residence permits. An active residence permit lets you work, but a passive residence permit only needs proof of financial independence, which means you can work without having to work.