Passive residence and residence permits
The passive or non-profit residence is aimed at those people who live in Andorra and do not work for others. This residence permit is the best way to obtain legal residence without having a work contract in Andorra, and is aimed at those people with sufficient income either by renting property, funds, bank interest, pensions or any other means of income.
This residence permit is very advantageous for people who are not going to stay for a long time of the year in the Principality, since it will only be necessary to stay 90 days in Andorra instead of the 183 necessary for self-employment residence. In this way you have availability to travel almost all of the year.
This type of passive residence is aimed at:
- Investors in Andorra.
- For reasons of scientific, cultural or sports interest.
- Professionals and entrepreneurs with projects at an international level.
Passive residence for investors in Andorra
These are the specific requirements to get it if you are an investor:
- Have a property in Andorra or a rental contract.
- Invest in a property for a value of 350,000 euros or pay that amount in a banking fund in Andorra.
- Minimum residence time of 90 days.
- Certificate of good conduct.
- Private medical insurance.
- Medical certificate made in Andorra
- A deposit of more than 50,000 euros, plus 10,000 euros per person in charge, at the Institut Nacional Andorrà de Finances (INAF) until the passive residence is resolved.
- Conformity of income of more than 300% of the Andorran minimum wage.
Residence for reasons of scientific, cultural and sporting interest
It is aimed at recognized scientists, culture personnel, and athletes who can prove their activity with prizes, titles, etc. The following documentation will be necessary:
- Passport.
- Certificate of Civil Status.
- House rental contract or purchase documentation.
- Justificants of the cultural or athletic scientific qualities.
- Conformity of income of more than 300% of the Andorran minimum wage.
- Certificate of good conduct.
- Medical certificate made in Andorra.
- Pension retirement, disability or pension insurance, if applicable.
- Deposit of more than 50,000 euros, plus 10,000 euros per dependent person, at the INAF until the passive residence is resolved.
This permit must be renewed after the first year, and subsequently renewed every three years.
Residence for professionals and entrepreneurs with international projects and for pensioners
This permit is aimed at people who want to open a company in Andorra and who want to project their services internationally.
Requirements to obtain it:
- Contract for rent or purchase of housing in Andorra.
- Justification of sufficient income.
- Minimum residence time of 90 days.
- 85% of revenues must be generated in other countries than Andorra.
- It must be the main headquarters of the company in Andorra.
- Accreditation of the business plan to be developed.
- Justification of the retirement pension, disability or pension insurance, if applicable.
- Make a deposit of more than 50,000 euros, plus 10,000 euros per person in charge, at the INAF until the passive residence is resolved.
This residence permit is valid for two years, and can be renewed for two more years and with an extension of three years. After seven years, the next renewal will be for ten consecutive years.
If you need it, Andorra Advisors offers you its financial management and investment services which will allow you to focus on your investments with complete peace of mind.
