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:
These are the specific requirements to get it if you are an investor:
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:
This permit must be renewed after the first year, and subsequently renewed every three years.
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:
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.
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