To obtain a residence permit in Andorra, an investor participates in a state program for the financially independent. They buy a property worth 350,000 euros and make a security deposit of 50,000 euros to the country’s Central Bank.
If the investor adds their family members to the residence permit application, they add €10,000 per relative to the security deposit. At the same time, the main investment amount is reduced. We provide examples in the table for clarity.
The main investment to the security deposit ratio
The investor must also prove an annual income of €39,000 and pay additional expenses: a Due Diligence check, medical insurance, an administrative fee and a residence permit card fee.
To maintain the residence permit status, it is required to spend at least 90 days a year in the country. Andorra residence permit by investment doesn’t provide the right to start a business or to work in the country — the investor must receive all income from abroad.
However, the jurisdiction of Andorra is suited for moving an international business’ tax residency or registering a new company. The corporate tax rate in the country is progressive, ranging from 3 to 10%.
Residents of Andorra can visit France and Spain without a visa, and obtain fast-track visas to the Schengen area, the USA, Canada and other countries.
Immigrant Invest is a licensed agent for government programs in the EU and the Caribbean. If you want to obtain a residence permit in Andorra, please contact our investment program experts for advice.
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