Tax optimisation and living in Europe
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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%.
The Andorran residents visit the two neighbouring countries freely.
A Schengen visa is issued within 1 day, and visas to other countries — in a few days.
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.
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.
The compulsory insurance covers up to 90% of all medical expenses. The average life expectancy in the country is 83 years.
At school, children study in Catalan, French, Spanish and English.
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Or a partner in a committed long-term relationship
Including children from previous marriages
An investor can choose one of several investment options of at least €350,000:
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.
| Investor | Married couple | Family of 3 or more people |
|
|---|---|---|---|
| Investment options are: 1. real estate; 2. government bonds; 3. a business; 4. an interest-free deposit. The money can be transferred to the largest international broker for management to generate income. |
€350,000 | €340,000 | €330,000 - €10,000 per family member, starting with the fourth one |
| Security interest-free deposit in the Andorran National Institute of Finances (INAF) | €50,000 | €60,000 | €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. |
€39,000 | €78,000 | €117,000 |
| Due Diligence | €15,000 | €25,000 | €25,000 + €10,000 per family member over 12 |
| Administrative fee | €1,000 | €2,000 | €3,000 + €1,000 per family member, starting with the fourth one |
| Fee for a residence permit card | €5,000 | €6,000 /td> | €7,000 + €1,000 per family member, starting with the fourth one |
| Medical insurance | €2,000+ per year | €4,000+ per year | €6,000+ per year + €2,000+ per per each family member, starting with the fourth one |
Get an individual calculation for your family with all associated costs and government fees
Get the cost calculationObtaining 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.
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
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:
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.
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.
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.
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.
The investment should be made within 6 months after obtaining a residence permit.
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.
We prepare and submit the necessary documents
We request the status of a tax resident in the tax service after the investor has spent more than 183 days in the country
We help to choose a bank and prepare documents for opening an account
For example, if you want parents or close relatives to move to Andorra
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.
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.
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.
Zlata Erlach
All investments can be returned after the residence permit expiration. The residence permit will be cancelled if the assets are sold before this time.
No, only the main applicant undergoes Due Diligence.
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.
There are no additional costs. You need to pay rent and utilities.
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.
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.
Zlata Erlach
