Andorra is a country that is constantly evolving and this can be seen by the large number of new residents it acquires every year.
Andorra is a country that is constantly evolving and this can be seen by the large number of new residents it acquires every year. It has an impeccable education and health system, natural areas of great beauty and very good connections with France and Spain. Below we show you the type of residence in Andorra and what particularities each one has.
The active residence in Andorra it is intended for all those people who want to live in the country permanently; that is, they want to acquire a long-term job and reside in the territory for at least 183 days a year. Active residents are seen as present members of the community and are expected to work full-time.
Permanence is mandatory in order to be recognized as a fiscal resident and tax a maximum of 10% (depending on income), in addition to also receiving the benefits of passive residents.
To acquire the active residence in Andorra, as we discussed in the previous section, you need to spend most of your time in the country and fulfill obligations such as paying into the social security program and the medical care system.
They are needed postulated documents, including the birth certificate or copy of the passport, the police certificate, a rental agreement and the marriage certificate in case of family reunification.
Once you have all the necessary documentation in hand, there you go two ways to obtain active residence in Andorra and the choice depends on the specific needs of the applicant.
Andorra grants passive residence to foreigners interested in investing in real estate, business projects or bank deposits in the country. The requirements include being over 18 years of age, presenting a certified criminal record certificate, having private health insurance with coverage in Andorra, demonstrating sufficient financial resources for the applicant and his family, reside for a minimum of 90 days in Andorra and make an investment in the territory.
In conclusion, the residence in Andorra it is divided into active and passive. Each one offers certain advantages to all those people interested in moving. A ICOB we have a team of expert advisors who will help you speed up your move and resolve the entire legal, fiscal and accounting process to build your new future in Andorra.