Andorra is a low-tax Pyrenees microstate offering passive (non-lucrative) residency by investment. A 2026 reform raised the threshold from 600,000 to 1,155,000 USD in Andorran assets, with a 90-day annual stay and new quotas. It is not the EU and grants no citizenship by investment.
A reform that took effect in early 2026 nearly doubled the price of Andorran residence: the passive-residency threshold rose from 600,000 to 1,155,000 USD in Andorran assets, and a new quota system means a place is no longer guaranteed just because someone can pay. What stayed the same is the tax pitch — income and corporate tax both capped at 10 percent, VAT at 4.5 percent, no wealth or general inheritance tax — and a real 90-day annual presence requirement that keeps this from being a paper status. Andorra sits outside both the EU and Schengen, and offers no citizenship by investment at all; naturalisation takes about twenty years and bars dual nationality. Compare it with Portugal and Malta on our golden visa comparison.
| Programme | Status | Verified on | Official source |
|---|---|---|---|
| Andorra Passive Residency (Residency without Gainful Activity) | Open | Govern d’Andorra — Normativa i legislació d’immigració (Decret 75/2026) |
Residency by investment
Read the full Andorra Passive Residency (Residency without Gainful Activity) page →
| Route | Official minimum | Real total, family of four | Hold | Recoverable |
|---|---|---|---|---|
| Capital transferAlso accepted for this threshold — real estate, business, government bonds, bank depositSince the early-2026 reform, at least 1,155,000 USD invested in Andorran assets — real estate, equity in Andorran companies, Andorran public debt, or a non-interest-bearing deposit with the AFA (the financial authority). The capital is recoverable if you divest and leave; the AFA deposit is returned on ending residency. Real-estate-heavy options are reported to require a higher property minimum — confirm the current breakdown with the Govern. | env. $1 154 000 | ≈ $1 540 857 | — | Yes |
The programme announces 2–4 months. That is the official figure, not a commitment.
Andorra caps both personal income tax (IRPF) and corporate tax at 10%, applies a 4.5% IGI (the lowest VAT in Europe), and levies no wealth tax and no general inheritance or gift tax. The personal income tax runs in three bands — 0% up to 277,000 USD% to 46,000 USD, and 10% above — so the effective rate is well below 10% for most residents.
As everywhere, holding the passive-residency permit does not by itself make you tax-resident — that requires genuinely living in Andorra, well beyond the 90-day minimum. We set out the full picture — personal, corporate and indirect tax, the double-taxation treaty network and CRS, and how tax residency actually works — on our dedicated page: Andorra tax residency. See also Andorra residency by investment and our guide to second citizenship and taxes. See our methodology for how each figure is verified.
| Route | Official minimum | Real total, family of four |
|---|---|---|
| Capital transferAlso accepted for this threshold — real estate, business, government bonds, bank deposit | env. $1 154 000 | ≈ $1 540 857 |
| — | Portugal | Panama |
|---|---|---|
| Official minimum | env. $289 000lower | $300 000 |
| Real total, family of 4 (fees included) | ≈ $385 214lower | ≈ $400 500 |
| Announced processing | 12–24 months | 1–2 monthsfaster |
| Presence required | Seven days in the first year, then fourteen days in each subsequent two-year period. | Applicants must enter Panama to file and collect the residence card. |
| Years to citizenship | 10 years | 5 yearsfaster |
| Investment routes | Investment fund, Business, Donation | Real estate, Investment fund, Bank deposit |
| A route returns the capital | No | Yes |
| Open to Russian applicants | YesIdentical on this line | YesIdentical on this line |
| Region | Europe | Latin America |
Open the country page · PortugalOpen the country page · Panama
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What we do for you
Citizenship or residence, the honest answer often is not the one you arrived with. We take the whole procedure with you — eligibility, the route that fits your situation, the file, the follow-up — with one person on your side throughout.
For Andorra specifically, you are talking to someone who already knows the file: who to speak to on the ground, what the unit actually asks for, and the points where applications stall.
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