Updated on December 5, 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.
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.
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.
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.
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.
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.
At school, children study in Catalan, French, Spanish and English.
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
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.
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 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.
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:
Forms for opening a bank account.
Originals and copies of the national and international passports.
A bank statement.
A letter of recommendation from a bank.
Disclosure of origin and proof of the legality of funds transferred to the bank.
Evidence of the place of residence for the last 5 years.
Proof of employment for the previous 5 years.
Corporate documents for business owners.
Tax returns for the previous 5 years.
Police clearance certificates that are issued not earlier than 3 months.
A marriage certificate.
Confirmation of a permanent address in Andorra.
Medical insurance.
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.
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.
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.
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.
Up to 6 months
Fulfilment of an investment condition
The investment should be made within 6 months after obtaining a residence permit.
Case studies
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.
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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
Articles and news
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Andorra Residence Permit in 2024: Ultimate Guide
Vladlena Baranova
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Let’s discuss the details
We will develop an individual solution, select a country and status that will solve your problems, and accompany the entire process.
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