Andorra residence permits are highly controlled and regulated. Each year, the State publishes the number of people who will be allowed to immigrate to the country, under all its forms. It also regulates the work permits and which sectors and salary classifications are allowed — following the demand of the labor market. This allows a very low unemployment rate, ensures a quality standard of living and very high security.
MCA ASSESSORS has strong experience in assisting foreigners who wish to establish tax residency in Andorra. We not only help you to obtain the correct Andorra residence permit and residency green card, but we also give you all the necessary advice to successfully complete your expatriation. From opening a bank account and finding the best personal insurance for your needs, to obtaining an Andorran Driving License and contracting a phone number, internet by optic fiber, or electricity, our program offers many services to help you live comfortably in Andorra.
Among the possible forms of immigration, there are five types of Andorra residence permits expressly made for foreigners who want to come and take advantage of the many benefits of the country. Broadly categorised as Active or Passive residency, these options allow for both residents without gainful employment and self-employment.
Residents without Gainful Employment
Those looking to relocate to Andorra without working, or wanting to take advantage of Andorra tax residency, need to meet the following requirements:
- Spend a minimum 90 days in the country (accumulative in free periods)
- Own or rent a property
- Have private insurance
- Demonstrate incomes above 300% of the minimum Andorran wage + 100% for dependents (minimum wage 2018: €1050)
- Place a deposit of €50,000 to AFA (Andorran Financial Authority) + 10,000€ per person in charge. This is returned to leave the country
- Invest a total of €400,000 in the territory (deposit at AFA included in the total)
– Real Estate
– Shares or shares of companies
– State bonds
– Some financial products or Andorran banks
Note that for scientists or athletes competing at an international level, the investment of €400,000 is not required, only the deposit bail at the AFA.
Self-Employed Residents
For people wishing to live in Andorra while operating their own business, the following requirements must be met:
- Create or buy an Andorran company, owning more than 20% of it, and be an administrator or member of the board of directors
- Stay in the country a minimum of 183 days
- Own or rent a property
- Pay the CASS social security fee of €450 monthly (with exemptions the first two years)
- Place a deposit of €15,000 to AFA (returned when leaving the country)
