This active/passive residency is for those individuals willing to set up their own business in Andorra, but taking into consideration that a minimum of 85% of the company’s activity will be carried outside the principality, with international clients. It is ideal for those residing elsewhere who want to visit the country for just 3 months per year. The application procedure can take from 30 to 90 days. The international business permit will allow you to stay in the country for an initial 2 years, with the option to renew.
You will need to stay in the country for a minimum of 90 days per year. Therefore, you can live abroad and visit the country just for three months.
Only 1 employee in the principality is permitted for this type of business residency in Andorra. You will need to pay 10% on the profits of the company.
-Proof of a private health insurance contract with a company in Andorra, full coverage inside the principality.
–Criminal background records, which must be legalized and apostilled.
–Proof of your civil status (whether you are married, single, divorced, etc.)
–Bank certificate that demonstrates the possession of sufficient economic means to sustain your life and the lives of your family in the country. More precisely, you must possess a 300% of the minimum salary (which is about 13.000 per year), plus an additional 100% per each family member.
-An initial deposit of 50.000€ (additional 10.000€ per each family member), which will be completely refundable in the future.
–Have a property or rental contract for a space that satisfies the minimum required for an office: over 20 square meters.
–Business plan, with a projection of 3 years (financial, strategic, etc.)
–Your CV, which must demonstrate that you are qualified enough to successfully run this new undertaking.
* Bear in mind that all the documents must be translated into Catalan
We will guide you step by step throughout the legal procedure. Preparing and Filling out all the documents for you. Everything done online: our team will assist you via email or Skype.
