Residency in Andorra

Types of residency permit

Due to the high ratio of foreigners to Andorrans in the Principality, the Andorran Government has recently introduced new methods to select new residents.

Residence permits

Residence permits, or ‘residencies,’ are available to applicants who are retired or who have an address in the Principality and wish to reside in Andorra for more than 90 days per year. It is worth noting though that once residency is granted it is not monitored.

Passive residency

If you wish to apply for residency, but have no need to seek employment for monetary purposes and so are private income sufficient, you can apply for passive residency. If you need employment to sustain a livelihood in Andorra, you should apply for active residency.

Once an applicant has initially been granted passive residency, it must be renewed within 12 months. After this, it must then be renewed twice more within three years, and then it will be valid for 10 years.

Active residency

Applying for the active residency is more stringent, and there are more requirements before it is granted.

To apply for active residency in Andorra, you have to attend an interview in the nation’s official language, Catalan. Some companies offer a translator for this interview, who can help to translate the questions into English.

There are numerous benefits to being a resident in Andorra. One of the most important is the fiscal reason of being exempt from the 15% tax that is levied on interest earned on deposits in Andorran banks. This tax is set to be increased over the next couple of years to 35%.

Residency requirements

To obtain residency in Andorra, the following are required:

*The bond necessary for any children wishing to gain residency is €10,000. When the child reaches the age of 25, the visa is no longer valid, and the value of the bond must be increased to at least €30,000.

This information for this guide was provided by Tribune Properties. © 2003-2021 Just Landed