In recent years Andorra has become a very attractive country to reside in. There are several advantages that make the country so attractive such as its idyllic mountain scenery, its security and its taxation. But how can we reside in this country? What are the different ways to access Andorra?

What are the different types of residency that can be requested in Andorra?

Andorra is a good country to live in, but if you also want to work in the country there are two options that would suit you.

Active residence:

If your idea is to work for a company in the country, the ideal residence is the active residence for someone else. In this case, your main residence would be in Andorra and you will have to reside 183 days of the year.

The conditions that must be met for this residence are the following:

• Criminal record certificate from the country of origin and from all the countries in which you have resided.
• Curriculum vitae
• Certificate of civil status
• Certificate or rental contract
• Pass the medical review carried out by the Andorran Immigration Department.

Self-employed residence:

Another option within the field of active residences is self-residence with the creation of our own company, in this case you would also have your main residence in Andorra and you will also have to reside 183 days a year.

The conditions that must be met for this residence are the following:

• Deposit 50,000 euros in the AFA (recoverable deposit)
• Owning more than 34% of the company's share capital
• Have an administrator position within the company
• Criminal record certificate from the country of origin and from all the countries in which you have resided.
• Curriculum vitae
• Certificate of civil status
• Certificate or rental contract
• Pass the medical review carried out by the Immigration Department of Andorra
• If the profession you wish to practice is a certified profession, you will need to be part of a professional association or college.

Both the residence for someone else and self-employment will have to be renewed as follows: the first year of residence, after the first year there will be three renewals valid for two years and from the seventh year the renewal will be valid for 10 years.

• Residence and work:

The passive residence is ideal for those who want to live in Andorra without being tied to any job, that is, our residence is not linked to an employment contract. Unlike active residence, in this case there is greater freedom in terms of the days necessary to reside in the country, from 183 days it is reduced to 90 days. It is a residence for investors, people with sporting or cultural interests and businessmen with international projects.

What are the requirements for the different types of passive residence:

For a passive residence in the field of investments you need the following:

• Invest 600,000 euros (SIX HUNDRED THOUSAND EUROS) either in real estate or bank funds. If the investment is made in a housing fund of the Andorran government, the value can be reduced to 400,000 euros (FOUR HUNDRED THOUSAND EUROS)
• A deposit of more than 47,500 euros to more than 9,500 euros per dependent, which must be delivered to the AFA while the passive residence is being processed.
• Being able to demonstrate that our income is greater than 300% of the minimum wage (approx. 3,249.99 euros). If you have dependents, you must add 100% per dependent.
• Certificate of good standing
• Reside a total of 90 days a year
• Have an address in the country, be it with a home owned or rented.
• Private medical insurance
• Medical certificate made in Andorra
•  

For a passive residence with sporting or cultural interest:

• Passport
• Rental contract or deed of purchase from the notary
• Justify your qualities as an athlete, scientist or cultural
• Certificate of civil status
• Being able to demonstrate that our income is greater than 300% of the minimum wage (approx. 3,249.99 euros). If you have dependents, you must add 100% per dependent.
• A deposit of more than 47,500 euros to more than 9,500 euros per dependent, which must be delivered to the AFA while the passive residence is being processed.
• Retirement pension or pension insurance, if you are retired.
• Medical certificate made in Andorra
• Certificate of good standing

This residence must be renewed in the first year and every three years thereafter.

For a passive residence for businessmen with international projects and pensioners:

• 85% of the income will have to be generated in a country other than Andorra
• The main headquarters of the company must be in Andorra
• accredited business plan
• Rental agreement or deed of purchase
• Reside 90 days in the country
• Justify that you have enough income to reside in the country
• A deposit of more than 47,500 euros to more than 9,500 euros per dependent, which must be delivered to the AFA while the passive residence is being processed.
• Retirement pension or pension insurance, if you are retired.

This residence is valid for two years, followed by two more years and then three years, after seven years the renewal is made for 10 years.

The passive residence is ideal for those who want to live in Andorra without being tied to any job, that is, our residence is not linked to an employment contract. Unlike active residence, in this case there is greater freedom in terms of the days necessary to reside in the country, from 183 days it is reduced to 90 days. It is a residence for investors, people with sporting or cultural interests and businessmen with international projects.

What are the requirements for the different types of passive residence:

For a passive residence in the field of investments you need the following:

• Invest 600,000 euros (SIX HUNDRED THOUSAND EUROS) either in real estate or bank funds. If the investment is made in a housing fund of the Andorran government, the value can be reduced to 400,000 euros (FOUR HUNDRED THOUSAND EUROS)
• A deposit of more than 47,500 euros to more than 9,500 euros per dependent, which must be delivered to the AFA while the passive residence is being processed.
• Being able to demonstrate that our income is greater than 300% of the minimum wage (approx. 3,249.99 euros). If you have dependents, you must add 100% per dependent.
• Certificate of good standing
• Reside a total of 90 days a year
• Have an address in the country, be it with a home owned or rented.
• Private medical insurance
• Medical certificate made in Andorra
•  

For a passive residence with sporting or cultural interest:

• Passport
• Rental contract or deed of purchase from the notary
• Justify your qualities as an athlete, scientist or cultural
• Certificate of civil status
• Being able to demonstrate that our income is greater than 300% of the minimum wage (approx. 3,249.99 euros). If you have dependents, you must add 100% per dependent.
• A deposit of more than 47,500 euros to more than 9,500 euros per dependent, which must be delivered to the AFA while the passive residence is being processed.
• Retirement pension or pension insurance, if you are retired.
• Medical certificate made in Andorra
• Certificate of good standing

This residence must be renewed in the first year and every three years thereafter.

For a passive residence for businessmen with international projects and pensioners:

• 85% of the income will have to be generated in a country other than Andorra
• The main headquarters of the company must be in Andorra
• accredited business plan
• Rental agreement or deed of purchase
• Reside 90 days in the country
• Justify that you have enough income to reside in the country
• A deposit of more than 47,500 euros to more than 9,500 euros per dependent, which must be delivered to the AFA while the passive residence is being processed.
• Retirement pension or pension insurance, if you are retired.

This residence is valid for two years, followed by two more years and then three years, after seven years the renewal is made for 10 years.

• Passive residence:

There are many advantages of having residence in Andorra, the biggest advantage that the country has is the tax advantage with a maximum 10% tax for companies and the IGI of 4.5%, being the lowest in Europe. The quality of life offered by Andorra is one of the best in Europe, Andorra is one of the countries with the highest life expectancy in the world. Your security and tranquility define your exclusivity.

If you want more information, you can contact us at +376342332 or by mail at info@thesweethomecompany.com, you can also go to our website and check our properties.

There are many advantages of having residence in Andorra, the biggest advantage that the country has is the tax advantage with a maximum 10% tax for companies and the IGI of 4.5%, being the lowest in Europe. The quality of life offered by Andorra is one of the best in Europe, Andorra is one of the countries with the highest life expectancy in the world. Your security and tranquility define your exclusivity.

If you want more information, you can contact us at +376342332 or by mail at info@thesweethomecompany.com, you can also go to our website and check our properties.