Does Andorra Have a Golden Visa?
No, Andorra does not have an official golden visa program. While many websites use the term "Andorra Golden Visa" for search purposes, the Principality offers something called the Passive Residence Permit instead. This program functions similarly to golden visa schemes in other European countries, allowing investors to obtain residency through financial contributions, but it has its own distinct name and requirements.
What Is Andorra's Passive Residence Permit?
The Passive Residence Permit is Andorra's residency-by-investment program for individuals who want to live in the country without working locally. It allows you to reside in this tax-efficient European microstate while maintaining business activities elsewhere. The permit requires at least 90 days of physical presence per year to maintain your status.
This program is designed for investors, retirees, and remote workers who can support themselves financially without engaging in local employment. The permit is initially valid for two years, renewable every two years for the first five years, then every ten years thereafter.
Investment Requirements for Andorra Residency
To qualify for Andorra's Passive Residence Permit, you must meet specific financial requirements. The minimum investment threshold is EUR 600K in qualifying assets, which can include real estate, shares in Andorran companies, or investments in local funds and bonds.
Additionally, you must deposit EUR 50K with the Andorran Financial Authority (AFA), plus EUR 10K per dependent. This deposit remains held until you no longer hold passive residence status. A reduced investment option of EUR 400K exists for those investing in the government's Sobiran Housing Fund.
