Residence without work


Given the strategic and tax situation of the Principality of Andorra, this country offers a great attraction for those people with high income who wish to obtain tax residence in Andorra without needing to work in the country.

The status of resident in Andorra allows the holder to enjoy, among others, the following rights:

• The right to obtain residence in Andorra for direct relatives living with them
• The right to open bank accounts in Andorra with the privileges of a resident
• The right to obtain an Andorran driving licence
• The right to buy a vehicle with low taxation


In the Principality of Andorra there are the following categories of residence without work:
  • Residence with no remunerative activity
  • Residence for professionals with international reputation
  • Residence for reasons of scientific, cultural or sports interests


RESIDENCE WITH NO REMUNERATIVE ACTIVITY  

Residence in the Principality of Andorra with no remunerative activity is available to any individuals, not Andorran, who set up their principal and effective residence in Andorra for at least 90 days per calendar year, without exercising any working or professional activity. However, the residents can undertake activities necessary for the management of their own assets and the relevant functions corresponding to administrator for entities in the capital or the funds of which they have holdings equal to or over 50%, provided that the post of administrator is not remunerated.

Requirements to obtain a residence permit with no remunerative activity

-    Being of age or independent if under age and not disqualified
-    Accreditation of sufficient financial means as established by regulation
-    Evidence and keep in force for Andorra an insurance cover for illness, incapacity and old age, for the applicant and for persons in their charge
-    Demonstrate in documents being the owner or tenant of a dwelling
-    A written commitment to fix the principal and effective residence in the Principality of Andorra and to keep the insurance contract in force
-    Investment of at least €400,000 in any of the  types of assets listed below:
           a)    Real estate located in Andorra
           b)    Holdings in the share capital or own funds of entities resident in Andorra
           c)    Debt instruments issued by entities resident in Andorra
           d)    Debt instruments issued by any Andorran Public Authorities
           e)    Unremunerated deposits in the Andorran National Institute of Finance (INAF)
-    Make effective and deposit in the Andorran National Institute of Finance the sum of €50,000 unremunerated, plus €10,000 for each person in their charge
-    Written commitment to make the minimum investment of €400,000 within 6 months

RESIDENCE FOR PROFESSIONALS WITH INTERNATIONAL REPUTATION

A professional with international reputation is an individual who is not Andorran and who establishes his principal effective residence in Andorra during at least 90 days per calendar year in order to develop a professional activity in the following terms:

-    That the headquarters or the base from which the professional activity is developed is in Andorra
-    That in the development of the professional activity in Andorra, the professional with international reputation has a maximum of one person contracted as an employee
-    That the services provided by the professional with international reputation are principally for persons or entities non-resident in Andorra (at least 85% of the services supplied must be used in some country or territory other than Andorra)

Requirements to obtain a residence permit for professionals with international reputation

-    Being of age or independent if under age and not disqualified
-  Accrediting the financial viability of the project that is to be initiated and demonstrating that the project will generate sufficient financial resources as determined by regulation to be able to reside in Andorra, for both the professional with international reputation and for the persons in his charge, for all the time of validity of the residence for professional reasons
-    That the professional activity to be carried out fits into one of the sectors fixed by regulation which enable the quantitative and qualitative needs of the Andorran economy to be satisfied and that the professional with international reputation has the requirements of qualification and professional experience in the sector of the activity to be developed, as fixed by regulation
-    Evidence and keep in force for Andorra an insurance cover for illness, incapacity and old age, for the applicant and for persons in their charge
-    Demonstrate in documents being the owner or tenant of a dwelling
-    A written commitment to fix the principal and effective residence in the Principality of Andorra and to keep the insurance contract in force
-    Make effective and deposit in the Andorran National Institute of Finance the sum of €50,000 unremunerated, plus €10,000 for each person in their charge

RESIDENCE FOR REASONS OF SCIENTIFIC, CULTURAL AND SPORTS INTERESTS

Residents for reasons of scientific, cultural and sports interests are foreign individuals who enjoy an international recognition for talent in the world of science, culture or sports and who establish  their principal residence in Andorra for at least 90 days per calendar year.
People who hold such residence may continue developing their own professional activities, provided that they are principally addressed to persons or entities not resident in Andorra (at least 85% of the services supplied must be used in some country or territory other than Andorra).

Requirements to obtain a residence permit for reasons of scientific, cultural and sports interests

-    Being of age or independent if under age and not disqualified
-   Accrediting that the activity to be developed in the field of science, culture or sports will generate sufficient financial resources, as determined by regulation, so that both the resident and the persons in his charge can reside in the Principality of Andorra for the whole time of validity of the residence for reasons of scientific, cultural or sports interests
-    Evidence and keep in force for Andorra an insurance cover for illness, incapacity and old age, for the applicant and for persons in their charge
-    Demonstrate in documents being the owner or tenant of a dwelling
-    A written commitment to fix the principal and effective residence in the Principality of Andorra and to keep the insurance contract in force
-    Make effective and deposit in the Andorran National Institute of Finance the sum of €50,000 unremunerated, plus €10,000 for each person in their charge