Living in Andorra: how to get a residence permit without work
The Principality of Andorra has some interesting socioeconomic conditions for foreigners looking for a new place where they take up residence. In the tax benefits should be added the quality of life of Andorra: a per capita income higher than the average of OECD countries and the European Union, competitive pricing, security and social stability -Andorra is a country with a crime rate among the lowest in the world, three models of free educational systems of quality, protected natural environment, among others.
The Andorran government provides two options so that a foreigner may take up residence legally in Andorra : the residence is active (residence permit with the right to work), ie, the person can develop a professional activity in the country and the passive residence (residence permit without work).
CATEGORIES OF HOMES WITHOUT WORKING IN ANDORRA
The Immigration Department of Andorra includes four residence permits without the right to work:
- Residence without gainful activity
- Residence for professionals with international
- Residence for reasons of scientific interest, cultural and sporting
- Residence for admission to nursing homes or private admission to medical or therapeutic care centers private
HOW TO OBTAIN A RESIDENCE PERMIT WITHOUT WORK IN ANDORRA
To obtain a residence permit without the right to work without gainful activity or the person has established his main residence in Andorra and effective for at least 90 days per calendar year, provided no employment or engage in any professional activity.
The Immigration Department of Andorra establishes a series of conditions in order to obtain a residence permit without the right to work. Thus, in addition to present official documentation -Original and photocopy of passport, certificate of criminal record, medical, etc., the foreigner who wants to get the residence permit without gainful activity must meet the following requirements:
- Has demonstrated that economic solution : the owner must ensure that it has an income above 300% of the minimum wage of Andorra, plus 100% for each of the members who are in charge.
- Invest permanently at least 400,000 euros in one of the following types of assets : real estate located in Andorra, shares in the capital or equity of companies resident in Andorra, finance or debt instruments issued by entities resident in country debt instruments issued by any public or Principality of Andorra unpaid deposits at the National Institute of Finance.
- Leave the Andorran National Institute of Finance 50,000 euros unpaid
- Leave the Andorran National Institute of Finance unpaid $ 10,000 for each of the members who are in charge and also acquire resident status without gainful activity
The residency without gainful activity has a duration of two years, renewable for a period of two years, the first cop- and for a period of three years for the second renewal. After this time, the successive renewals are set for a period of ten years.
If you would like to establish your residency in Andorra and want to apply for a residence permit without work IS21 advise you without obligation.
