How to obtain approval from the Ministry of Economy for the Digital Nomad Visa?
A primary, if not the most important, requirement is to obtain a favorable resolution from the ministry in charge of the economy to be considered a person who does not require a specific geographical location to carry out their work and uses telecommunications and technology.
To achieve this, the digital nomad must attend to what is specified in the Regulation of the digital economy that develops Decree 212/2023, of May 10, 2023. Specifically, the following documentation is requested from the applicant:
- Passport or ID of the applicant.
- Sworn declaration that to carry out their work, the applicant does not require a specific geographical location and uses telecommunications and technology, describing their work as much as possible.
- Any other document considered appropriate to substantiate the application, such as certificates from employers or companies certifying that the worker or freelancer can carry out their work telematically.
This is a very relevant certificate and, in our experience, difficult to obtain; we strongly recommend the assistance of professionals in the preparation of this documentation.
What are the benefits of the Digital Nomad Visa?
Andorra has attracted thousands of entrepreneurs, digital nomads, and businessmen over the last decade who have been constrained by high entry requirements and little flexibility (obligation to invest in the country, make a deposit in the AFA, pay to the CASS, reside more than 183 days, etc).
This permit offers much easier and more flexible entry to the country for the following reasons:
- The digital nomad saves the deposit of 50,000 EUR against the Andorran financial authority.
- There is no obligation to establish a company to be a tax resident.
- There is no obligation to pay to the CASS (social security) having to pay life insurance instead.
- The minimum stay required by the Andorran authority is 90 days.
- Allows being a tax resident in Andorra if the digital nomad meets the requirements established in the income tax law.
How to take the first step?
Andorra is positioning itself as an ideal destination for digital nomads. With its digital nomad visa, the country offers a unique opportunity for those looking for a balance between work and quality of life. If you meet the requirements and are looking for a change, Andorra awaits you!
If you are interested in changing your tax residence to Andorra through the digital nomad visa, we recommend reading the report "The Best 3 Tax Destinations", with the most complete information on taxation, residence, and requirements for living in Andorra.
With the recent boom of YouTubers who have changed their residence to the Principality, dozens of websites of fraudulent advisors have emerged offering the service of residences in Andorra, but they do not carry out the pertinent legal and fiscal analysis.
It is important to emphasize the importance of being well-advised: on more than one occasion, we have encountered clients who opted for unqualified advisors to create their company and ended up with serious problems before the tax administration of their country of origin.
From The Global Wealth, we guarantee the utmost rigor for the transfer of tax residence.