Andorra
Passive Residence Permit
Minimum investment
EUR 1,000,000
Processing time
approximately 3-4 months from a complete application to permit issuance
Physical presence
minimum 90 days per year physical presence required to maintain the permit
- Investment route
- •Investment of at least EUR 1,000,000 in Andorran assets — most commonly real estate (minimum EUR 800,000 per dwelling under the current rules, with the remainder placed in other eligible assets to reach the EUR 1,000,000 total), Andorran company shares, government debt, or other financial instruments
- •alternatively, a reduced EUR 400,000 investment qualifies if placed in the Andorran Housing Fund (Fons de l'Habitatge)
- Investment breakdown
- •the standard threshold rose from EUR 600,000 to EUR 1,000,000 under the 'Omnibus 2' Law, approved by Andorra's Parliament on 22 January 2026 and in force from 13 February 2026 — a further increase from an even earlier EUR 400,000 baseline
- •the law also replaced the previous refundable AFA deposit with a non-refundable state contribution structure
- Additional fees
- •a non-refundable state contribution of EUR 50,000 for the main applicant (previously a refundable deposit under the pre-2026 rules) plus EUR 12,000 per dependant (spouse, children)
- •legal and notary fees for the property or investment purchase apply on top of the investment and state contribution amounts
- Eligibility
- •18+
- •verifiable annual income of at least 300% of the Andorran minimum wage (approximately EUR 54,912 in 2026) for the main applicant, plus 100% of minimum wage (approximately EUR 18,304) per dependant
- •private health insurance
- •own or rent qualifying accommodation in Andorra meeting minimum habitability standards
- •clean criminal record
- Due diligence
- •clean criminal record clearance and source-of-wealth verification
- •investment must be made within 6 months of approval
- Family inclusion
- •spouse or partner
- •dependent children — included as dependants on the same application, each requiring the EUR 12,000 state contribution
- Path to citizenship
- citizenship by naturalization requires 20 years of legal residence, one of the longest timelines of any residency-by-investment program worldwide, and requires renunciation of the applicant's existing nationality since Andorra does not generally permit dual citizenship for naturalized citizens
- Renewal
- initial permit valid 2 years, renewable for further 2-year periods, then 5-year periods, provided the qualifying investment and 90-day presence requirement are maintained
- Dual citizenship
- •Not applicable to this residence permit
- •Andorran naturalization, when eventually pursued after 20 years, generally requires renunciation of prior nationality since Andorra does not recognize dual citizenship for the naturalized
- Key benefits
- •Andorra's low-tax regime (personal income tax capped around 10%) combined with a high quality of life in the Pyrenees
- •free movement into neighboring France and Spain without a visa
- Taxation
- •personal income tax capped at approximately 10%
- •no wealth tax and no inheritance tax
Application process
- 1.select the qualifying investment
- 2.open the mandatory AFA deposit account
- 3.submit residence application with proof of income and health insurance
- 4.attend interview
- 5.permit issued