A foreigner who lives in the country for more than 183 days can become a tax resident of Andorra. Legally, this can be done if you obtain a residence permit or permanent residence in the country. One of the ways to get a residence permit is to participate in the state program of residence permit for investment.
To obtain a residence permit in Andorra, investors can:
buy property;
open an interest-free deposit;
buy securities;
invest in local business.
€350,000 — investment in the economy of Andorra
+ €50,000 — insurance deposit at the Central Bank of Andorra
If the investor receives a residence permit together with his family, then for each relative he pays an additional €10,000 to the amount of the security deposit. At the same time, the amount of the main investment is reduced.
The Andorran residence permit for investment does not give the right to work and start a business — all income must come from abroad. To maintain the status of a residence permit, it is mandatory to spend at least 90 days a year in the country.
Residence permit holders can visit France and Spain without visas, get visas to the Schengen zone, the USA, Canada and other countries in an accelerated manner.
Immigrant Invest helps to obtain a residence permit in Andorra for investment. If you want to buy or rent real estate to obtain resident status, seek advice from investment program experts.
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