MCA Assessors has more than a decade's worth of experience in assisting foreigners who wish to establish tax residency in Andorra. We not only help you to obtain the correct residence permit and residency green card, but we also give you all the necessary advice to successfully complete your relocation. From opening a bank account and finding the best personal insurance for your needs to obtaining an Andorran driving license, contracting a phone number, internet by optic fibre and electricity, our program offers many services to help you live comfortably in the principality.
Residency in Andorra
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 outlines 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.
Within the realm of Residency in Andorra, there exist several types of residence permits specifically designed for foreigners seeking to leverage the numerous advantages offered by the country. These options, broadly classified as active or passive residency in Andorra, cater to both individuals without gainful employment and those intending to reside and work full-time in the country.
Passive Residents or "Without Gainful Employment"
Self-Employed Residents
For people wishing to attain Residency in Andorra while operating their own business, the following requirements must be met:
Incorporate or buy an Andorran company (owning more than 34% of it) and be the director or a member of the board
Minimum stay in the country of 183 days
Own or rent property
Apply for healthcare coverage with CASS at roughly €490 per month
Place a deposit of €50,000 in a government bond at the Financial Authority
Those looking to relocate here without working, or wanting to take advantage of Andorra tax residency, need to meet the following requirements:
Spend a minimum of 90 days in the country (per calendar year)
Own or rent property
Have private insurance
Demonstrate an income above 300% of the minimum Andorran wage + 100% for each dependent (minimum wage 2022: €1200)
Place a deposit of €47,500 in a government bond at the Financial Authority
Invest a total of €600,000 in the territory (amount includes above government bond deposit) in one of the following ways:
- Real estate (Minimum value per property of 400.000€)
- Shares in local companies
- Public company bonds
- Investment products with Andorran banks
- Increasing your bond investment
Note that for scientists or athletes competing at an international level, the investment of €600,000 is not required, only the government bond deposit.
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