If you are thinking about move to the Principality, one of your options may be passive residence in Andorra. This procedure, however, is somewhat complex, so the best alternative is to put yourself in the hands of experts, such as those at MCA Assessors. In the following article we tell you everything you need to know to be able to obtain this residence permit.
Passive residence in Andorra is also known as non-profit residence. It is a type of permit designed for those who want to live in the Principalitywithout working for others. It is one of the best ways to obtain legal residence without having a work contract. In addition, it is aimed at those people who have sufficient income derived from property rentals, bank interest, funds, pensions or any other type of income.
Passive or non-lucrative residence in Andorra offers great advantages to people who do not want to stay in the country for a long time. That is, those who want to live between the Principality and another country. And one of its requirements is precisely to stay only 90 days a year in Andorran territory, instead of the 183 that a self-employed residence permit requires. This is how you can travel almost all year round.
The following people can apply for this residence permit:
The requirements to be able to apply for passive residence in Andorra are very specific if you are an investor. Take note, because it is very important to be able to comply with all of them if you want to apply for this residence permit:
Passive residence in Andorra for people who have cultural, sporting and scientific interests in the Principality, is aimed at those who can prove their activity with awards, titles , etc. It must be renewed after the first year and, in the future, it is renewed every three years. In these cases, it is necessary to provide certain documentation to start the process:
Professionals and businessmen with international projects, as well as pensioners, can also apply for this residence permit. It is aimed at people who want to open a company in the Principality and project their services internationally. In this case, the requirements are the following:
The passive residence permit in Andorra, in the latter case, is valid for two years. It can then be renewed for two more years and extended for another three years. After seven years, the next renewal will be for 10 years consecutively.