Living in Andorra
Andorra is the perfect place to live for those seeking minimal taxes while enhancing their quality of life and enjoying leisure and relaxation. Andorra boasts a unique and highly attractive tax system for those wishing to reside in the Principality . There are also no restrictions on the movement of capital or assets such as real estate.
Start a business in Andorra
Corporate tax is minimal , as companies only pay an annual business tax , which for most businesses amounts to less than €2000 per year. Another important aspect to consider is strict bank secrecy , unless there is a court order in your country of origin. If you obtain residency in Andorra , you are not required to hold all your assets there.
- Get more information Invest in Andorra
Breathe in Andorra
The climate in Andorra is very pleasant. More than 300 days of sunshine and moderate temperatures year-round, low humidity , and a complete absence of industry are some of the factors that contribute to Andorra having the longest life expectancy in the world: an average of 83.5 years. The Mediterranean Sea, Barcelona , and Toulouse are just two hours away from the Principality of Andorra.
We must not forget that crime in Andorra is very low . A wide variety of nationalities have made Andorra their primary residence . Andorra is particularly popular with Spaniards, French, British, Russians, Dutch, and Scandinavians. Andorra offers a wide range of sports and leisure activities for the whole family in both summer and winter, and has invested heavily in recent years in improving the country's infrastructure and expanding its ski areas.
Unlike other ski resorts , in Andorra all hotels and shops remain open all year round, except for March 14, September 8, December 25 and January 1.
Finques 3 Cases is at your disposal at all times for any information about Andorra and its surroundings, any type of advisory with the indispensable and necessary residence procedures, the search for a property de purchase o rental more convenient for you.
Reside in Andorra
There are 2 possibilities to obtain residency in Andorra :
- passive residence (permission of residence without work permit)
- Active residence (permission of residence with work permit)
Requirements to formalize the application for passive residence in Andorra :
- Have more than 18 years.
- demonstrate that they do not have criminal records in the country of origin and the last place of residence.
- Reside in Andorra physically a minimum of 90 days by year.
- Leave a deposit of 40.000 euros, in addition to 10.000 euros for each member of the family in charge of the main person. The amount of this deposit, which must be paid to the INAF (National Institute of Finance), will be returned at the end of the stay at the Principality of Andorra.
- Undergo a medical check during the month after the passive residence application.
- Demonstrate that the necessary resources are available to meet their needs. higher income a 4 times the minimum wage
- Justify that you are socially covered, through insurance that covers sickness, disability and old age.
- Have a rented flat or have the purchase intent, always before 1 year.
- Invest €400.000, either in a real estate, in the capital of a company, in Public debt or Bank deposit in a bank of Andorra.
Documents required for the application :
- " criminal records of the country of origin.
- Passport. and civil status certificate.
- Photocopy of the proof of delivery of the bail of 40.000 euros in the Government of Andorra (INAF – National Institute of Finance), in addition to 10.000 euros for each dependent.
- Originals of the contracts de purchase o rental of a dwelling.
- Documents justifying a Safety disability, sickness and retirement.
- Medical certificate issued by a doctor of the principality of Andorra.
- Property title, bank guarantee or bank certificate that proves that you and your family can live on rent without work in the Principality of Andorra.
- Sign a document agreeing to live in andorra a minimum of 90 days per year.
The passive residence permit is valid for 2 years , then another 2 years , and finally 3 years every 10 years . The active residence permit has its own rules and is much more restrictive than the passive residence permit.
Find out more on the website of the Andorran Department of Immigration
Moving to Andorra
When someone moves to Andorra , they have no special obligations regarding their furniture, belongings, and possessions, as long as they don't intend to sell them. However, there are specific regulations in place for importing cars . Contact us for more information!
Useful Finques 3 Cases Real Estate: the Principality of Andorra, micro-territory of 468 square kilometers, is divided into 7 population groupings called 'parishes' (in Catalan 'parròquies'). You will surely feel comfortable living in any of them, depending on your tastes and preferences:
If you cannot find the property you are looking for or would like more information, help or advice on acquiring real estate in Andorra , please contact us through our website or by phone (00376) 872 222.