Passive Residency (Non-Lucrative Visa) — Andorra

Minimum €600,000 investment in approved Andorran assets. Can be real estate (€400,000+ per property), company shares (≥21% ownership), government bonds, investment funds, life insurance. Flexible allocation across multiple asset types allowed.

€47,500 deposit to Andorran Financial Authority (AFA). Fully refundable when leaving Andorra. Additional €9,500 per dependent family member. 0.2% annual holding fee since Sept 2024 (€95/year). Separate from €600,000 investment.

Minimum annual income 300% of Andorran minimum wage (€40,500 for 2025). Additional 100% per dependent (€13,500 each). Must prove stable income from pensions, investments, rental income. Shows financial independence.

Must open account with Andorran bank. Banks require thorough due diligence - prepare documentation. Need to show source of funds, tax compliance. Often the longest part of application process.

Maintain passive residency with just 90 days physical presence annually. Much more flexible than most countries. Not strict border controls. Perfect for those splitting time between locations.

Spend 183+ days and become tax resident paying 0-10% tax on worldwide income. Optional - not required. Can stay under 183 days and maintain tax residency elsewhere. Strategic planning possible.

Cannot work or provide services in Andorra. Cannot have Andorran employment contract. Can manage own foreign investments and assets. Can be director of foreign companies. Perfect for retirees and investors.

Include spouse and dependent children. Each dependent requires additional AFA deposit (€9,500) and income proof (€13,500). Entire family gets residence permits. Access to Andorra's education and healthcare.

Initial permit decision: 4-6 weeks. Have 6 months to complete investment after approval. First permit valid 2 years. Renewable: 2 years, then 3 years, then 10 years. Relatively fast process.

Criminal record certificate (apostilled), medical certificate, proof of accommodation in Andorra (rental/ownership), private health insurance (100% coverage), bank solvency certificate, investment proof. All documents must be recent and translated to Catalan.

Can apply for citizenship after 20 years continuous residency. Must pass Catalan language test and cultural knowledge exam. One of longest citizenship paths in Europe. Most maintain residency without citizenship.

Complex process, language barriers (Catalan), banking requirements. Immigration lawyers and advisors streamline process significantly. Worth the investment for smooth application. Typical fees €5,000-€15,000.