Who can apply for a passive residency in Andorra?
The passive residency in Andorra is the most requested type of legal residence for everyone considering living in Andorra without working. This non-lucrative residency is the best choice for people with financial securities and sufficient passive income (such as bank interests, pensions, funds, income from renting properties etc.).
A passive residence is suitable for the following groups of people:
2.1. Individuals willing to invest in Andorra
2.2. Business people and professionals with an international focus
2.3. Recognized scientists, athletes and artists
A passive residency allows you to spend only 90 days within Andorra, instead of 183 days required for an active residency. This will leave you plenty of time for traveling and living in alternative countries.
2.1 Passive residency for individuals willing to invest in Andorra
Requirements
- Proof of having at least EUR 600,000, which must either be invested in property within Andorra or be paid into an Andorran banking fund. Another option is to make a direct or indirect investment of 400,000 euros in the Housing Fund.
- Update 2022: A non-remunerated deposit at the AFA (Andorran Financial Authority) of more than € 47,500 (+ € 9,500 per dependent person, for example a life partner or spouse), until the passive residence is dissolved
- Rental or purchase agreement for a property in Andorra
- A medical report (exams will take place in Andorra)
- Financial security and income (over 300% of the Andorran minimum wage)
- Private health insurance (relatively cheap in Andorra)
- Certificate of good conduct
- Minimum stay of 90 days per year in Andorra
2.2 Passive residency for business people and professionals with an international focus
This residence is ideal for professionals who offer their services internationally and are planning to found a company in Andorra. A large number of professionals fall into this category, such as programmers, consultants or international traders.
This residence permit will be issued for two years. Later it can be renewed for two more years followed by an extension of three years. After the seventh year of your stay, you will receive a renewal of ten consecutive years.
Requirements
- Update 2022: Deposit of € 47,500 at the AFA (€ 9,500 per additional dependent person)
- Proof of sufficient financial income
- Rental or purchase agreement for a property in Andorra
- Proof of invalidity, sickness and pension insurance
- Minimum stay in Andorra 90 days a year
- The head office of the company must be located in Andorra
- At least 85% of revenue must be generated in countries outside Andorra
- A recognized business plan
Note: The official Company establishment can take place at a later point.
2.3 Passive residence for recognized scientists, athletes and artists
This residence permit is available for recognized athletes, artists and scientists, who possess proof or qualification of their activity, e.g. international titles, prizes or awards.
Requirements
- You move your main residence to Andorra
- Minimum stay in Andorra 90 days a year
- The residence permit must be renewed after the second year (the first renewal is for another 2 years, the second renewal is for 3 years and the following renewals every 10 years)
Necessary documents
- Clear evidence of your scientific, cultural or sport activities and qualifications
- Passport
- Certificate of Civil Status
- Faultless certificate of conduct
- Update 2022: Deposit of € 47,500 at the AFA (€ 9,500 per additional dependent person)
- Rental or purchase agreement for a property in Andorra
- Proof of invalidity, sickness and pension insurance
- Health certificate from the Andorran immigration authority
- Proof of sufficient financial funds (over 300% of the current minimum wage)
Andorra’s immigration law change 2023
In this video we will explain new changes in the immigration law, related to obtaining active and passive residency in Andorra from 2023. The deposit required to apply for active residency in Andorra has been increased from 15,000 euros to 50,000 euros. Likewise, the minimum investment required to obtain passive residency in Andorra has increased from 400,000 to 600,000 euros.