You can obtain Andorra Passive Residency based of passive income outside Andorra. Together with the applicant, a residence permit can be obtained by members of the family (spouse, children, parents), as well as other financially dependent persons.
The majority of children in Andorra come from the age of 18. Adult children can be introduced as dependent family members up to the age of 25 under certain conditions. Upon reaching the child 25 years old, he will need to obtain a separate residence permit.
Get a residence permit in Andorra
Financial soundness
It is necessary to document a minimum annual income of EUR 33,000 per year per applicant + EUR 11,000 for each dependent family member.
Bank deposit
It is necessary to put a deposit in your name in the amount of EUR 30,000 per applicant + EUR 7,000 for each dependent family member. In case of refusal from the residence permit, the deposit is returned in the absence of debts in the country.
At the request of the client, we provide assistance in opening accounts in Andorra.
Purchase or lease of real estate
It is necessary to draw up a rental agreement, paid for a year in advance, or purchase real estate and provide a bill of sale. At the request of the client, we assist in the acquisition of real estate in Andorra.
Advantages of Andorra Passive Residency
- Visa-free entry to Spain, France, Portugal, and a simple procedure for obtaining a long-term Schengen visa.
- In addition, a residence permit in Andorra makes it possible to further simplify the process of obtaining a residence permit in France and Spain;
- No income tax for individuals;
- Financial and banking services on favorable terms;
- Social stability and security, no crime;
- A favorable ecological situation for living;
- Possibility to purchase luxury goods at prices that are 20% lower than in neighboring countries (cars, yachts, planes, helicopters);
- The ability to invest and optimize taxes for your finances;
- Opportunity to choose the education system for your children between Andorra, Spain, and France due to the proximity of the location.
Features of the Residence of Andorra
Andorra Passive Residency is issued first for 1 year, then a residence permit is issued for 3 years, the next – also for 3 years. After that, the applicant can obtain permanent residence in Andorra.
A residence permit issued in Andorra entitles the applicant to obtain a residence permit in France, where the procedure is similar: first, a residence permit is issued for 1 year, which is renewed annually for 3 years. Then you can get permanent residence in France.
The procedure for obtaining a residence permit in Spain: 1 year + 2 years + 2 years, then permanent residence is issued.
When submitting documents for obtaining a residence permit in Spain and France through Andorra, the initial paperwork in Andorra for 1 year and the first extension of the residence permit for 3 years are required. For the European authorities, this is a kind of guarantee of the reliability and solvency of the candidate, then documents are submitted for obtaining a residence permit in Spain and France.
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Terms of obtaining a residence in Andorra
The terms for consideration of your documents by the Immigration Service are 1-3 months, in especially difficult cases – 4-6 months.
Permanent residence in Andorra
Permanent residence in Andorra looks like a ten-year map. The residence permit is extended according to the following scheme: 2-2-3-10 years, that is, the primary residence permit is issued immediately for 2 years, and turns into a permanent one after 7 years.
If you have any additional questions regarding the material presented here, we will be glad to see you for a consultation in the office. We can assist not only in obtaining a residence permit in Andorra, but also in opening bank accounts in the Principality, both investment and settlement.
Citizenship
Persons with permanent residence who have lived in the country for 17 years can apply for Andorran citizenship. Those who were educated in Andorra can obtain citizenship after 10 years. Andorra does not recognize dual citizenship.
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