Andorra offers a great many advantages, particularly in relation to the adjacent countries, with which there are long-standing financial connections, and which are also the source of the most significant investments. The principal taxes are charged at the lowest rates in Europe and this means that the Principality is the country where citizens and businesses suffer the least onerous tax bill.
Residence Andorra
Two permits for residing in Andorra
The first step that a foreign person needs to take to establish his or her residence in Andorra and take advantage of the tax advantages of the Principality is to obtain a residence permit from the administration.
The Andorran government offers two options that allow foreigners to legally establish their residence in Andorra: active residence, in other words, a person acquires a residence permit for work purposes by carrying out a professional activity in the country; and passive residence, which allows you to reside in the Principality with one of the types of residence permits that does not grant a right to work.
Requirements to obtain a permit to reside in Andorra
Residence permits are regulated by law with the aim of controlling, promoting, reactivating and diversifying both the economy of the country and the different sectors according to the peculiarities of the country itself and those of each economic sector.
One of the permits that has seen the greatest change in recent times as a consequence of the implementation of the Foreign Investment Act 10/2012 is, precisely, the passive residence or fiscal permit.
If you are thinking about coming to live, work, retire, invest or create a company in Andorra, at IS21 you will find a series of updated articles that we think might be of interest to you. We have a professional team ready to manage any foreign investment project in Andorra and get it up and running.
The Principality of Andorra has some interesting socioeconomic conditions for foreigners looking for a new place where they take up residence.
In order to continue encouraging foreign investment, the Andorran government approved a new immigration quota of permits for residence and work independently.
It is considered that the individual worker is obliged to provide a service or to perform a work on behalf of the employer, within their organization and / or under his direction in exchange for remuneration.
Individuals resident in Andorra The Tax staying more than 183 days per year in the country of Andorra, including the days of sporadic absences Andorra Those who remain in the core or base of their activities or their economic interests, so directly or indirectly.
The Andorran government offers two modalities for a foreign person to establish their residence in Andorra legally: The active residence permit and the passive or fiscal residence permit. In any case, the following requirements must also be met.
With the aim of continuing to encourage foreign investment, the Andorran government has approved a new quota for immigration authorizations for residence and self-employment.
