DIFFERENCE BETWEEN THE ACTIVE  AND THE PASSIVE RESIDENCE PERMITS

To obtain a self-employed residency permit you must:

– Accredit your training and experience in a Curriculum Vitae.

– Form a company in Andorra or acquire at least 34 % of an Andorran company. To do this, you will need a permit, called a Foreign Investment Authorization.

– Hold a position in the administrative body of that company.

– If you are a new member of the company, you must register a business activity for it, as well as keep it active and operational, during the period of the residence permit.

– Make a mandatory interest free (recoverable) deposit of €50,000 in to the AFA or Andorran Financial Authority.

– Obtain your country’s criminal record certificate, as well as that of other countries where you have lived. – Present the rental agreement or purchase deed of an Andorran property.

– And finally, you will have to pass a medical check-up with the Andorran Department of Immigration.    

– Accredit your training and experience in a Curriculum Vitae.

– Find a company willing to hire you. Two factors influence this: the requested profile and the available quota. Since in Andorra, companies are obliged to prioritize the recruitment of nationals and residents (a measure to reduce the unemployment rate), so if they finish a recruitment process with two candidates with the same profile, but one is Andorran and the other Spanish (resident in Spain), they must hire the Andorran. On the other hand, companies have an annual recruitment quota, granted by the Department of Immigration, to hire people from outside the country. Therefore, you must find a company that wants to hire you, for your profile, and that has part of its quota available to do so.

– Obtain your country’s criminal record certificate, as well as that of other countries where you have lived.

– Present the rental agreement or purchase deed of an Andorran property.

– And finally, you will have to pass a medical check-up with the Andorran Department of Immigration.

Non-profit residence is designed for all those who seek to establish their effective residence in the Principality, without exercising any professional activity in Andorra. From the date of its acquisition, the holder has six months to make, permanently and effectively, the minimum mandatory investment of at least €600,000 in Andorran real estate, participation in the share capital of an Andorran company, in own funds of companies of the country or in debt instruments issued by resident entities or by any Andorran Public Administration. This investment may vary, as long as it is not interrupted and is maintained throughout the duration of the residence permit.

The residence for professionals with an international projection does not require a minimum mandatory investment of 600.000€, but it does require to constitute or acquire an Andorran company that carries out 85% of its activity outside Andorra. The newly created companies must prove, by official documentation, the economic viability of the business, which must generate sufficient financial resources to enable the principal holder, as well as the persons under their care, to reside in the Principality of Andorra.

To obtain the passive residence permit you will need to: – Prove that you have sufficient financial means to be able to reside in the country without working there. For practical purposes, you must prove that you have an income exceeding 300% of the minimum wage in Andorra and 100% of it for each dependent person. – Realizar un depósito obligatorio no remunerado (pero recuperable) de 50.000€ para el titular principal y de 10.000€ adicionales para cada persona a su cargo, en el momento de solicitar el permiso de residencia en Andorra. – Realizar una inversión mínima obligatoria de 600.000€, dentro de los seis primeros meses de adquisición: en bienes inmuebles, participaciones en el capital social de una empresa andorrana, en  fondos propios de sociedades del país o en instrumentos de deuda emitidos por entidades residentes o por cualquier Administración Pública Andorrana. Deberá mantenerse de forma ininterrumpida durante la vigencia del permiso de residencia. – Presentar el contrato de alquiler o compra de una propiedad andorrana. – Disponer y mantener vigente, durante toda tu estancia, un seguro por enfermedad, incapacidad y vejez, que cubra explícitamente el 100% de los gastos médicos en Andorra.

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