Residency
Andorra has established a residency system to attract wealthy individuals and families. As a tax resident, you are only subject to 10% maximum personal tax rate, including capital gains, and no inheritance or wealth tax.
There are four main residence options in Andorra. Our team can advise you regarding your individual situation as well as manage the whole application and relocation process.
PASSIVE RESIDENCY
Connected to investment in Andorra
Residence arrangement for those who are retired, do not work, or do not need to work in/from Andorra. Key benefits is a personal tax rate capped at 10% and a minimum stay in Andorra of only 90 days per year.
The key condition for the passive residency is an investment of EUR 400,000 in Andorra, which can be partly in a Government-secured deposit. Most of our clients invest in an Andorran property. Applicants also need to document an annual income of at least EUR 43,000.
Application process time is 4-8 weeks and our team can manage the full process on your behalf. Please contact us.
PASSIVE RESIDENCY
Connected to international business
This permit is for applicants who wish to form an Andorran company but do not want to live in Andorra permanently. Key benefits include a personal and corporate tax rate capped at 10% and a minimum stay in Andorra of only 90 days per year. The company should generate at least 85% of revenues outside Andorra.
This permit requires a EUR 47,500 depository bond investment but does not require any additional investment other than the formation of your own company. Applicants need to document an annual income of at least EUR 43,000.
Application process time is up to 4 months, as first the company must be formed and then one can apply for the connected residence permit.
Please contact us to discuss your specific situation.
PASSIVE RESIDENCY
Passive Residence with VIP status
Residence permit for applicants who can document special achievements in international sports, culture, arts, or scientific research. This residence permit is popular among professional athletes internationally.
Key benefits include a personal tax rate capped at 10% and a minimum stay of only 90 days per year in Andorra. There are no limitations to the applicant continuing his/her activities as long as 85% is conducted outside Andorra.
Key conditions include investment in a EUR 47,500 depository bond and documentation of a minimum annual income of at least EUR 43,000.
Application process time is around 6 weeks if your CV fulfills the required criteria. Our team can manage the full process on your behalf. Please contact us.
ACTIVE RESIDENCY
Applicants seeking work and live in Andorra
Residency for applicants who seek to work and live in Andorra. Key benefits include a corporate tax rate of 10% for profits above EUR 40,000 and no additional tax paid on dividends. The minimum stay in Andorra is 185 days per year.
Key conditions are the formation of an Andorran company and investment in a EUR 15,000 depository bond secured by the Government.
The application process time is around 8 weeks. First the company needs to be formed and then the residency application can be made.
Please contact us to discuss your specific situation.