Destinations
Andorra
Andorra is a low-tax Pyrenees microstate offering passive (non-lucrative) residency by investment. A 2026 reform raised the threshold from 600,000 to 1,000,000 EUR in Andorran assets, with a 90-day annual stay and new quotas. It is not the EU and grants no citizenship by investment.
Key facts
- From
- €1 000 000≈ $1 441 800 — estimated total, family of four, fees included
- Processing time
- 2–4 months
- Physical presence
- At least 90 days per year of physical presence in Andorra. This is a real requirement — passive residency is not a purely on-paper status.
Tax at a glance
- Personal income tax (IRPF) capped at 10 percent, among Europe’s lowest
- Corporate tax (Impost sobre Societats) capped at 10 percent
- IGI, the Andorran VAT, at a general 4.5 percent — the lowest in Europe
- No wealth tax and no general inheritance or gift tax
Frequently asked questions
Can I get an Andorran passport by investing?
No. Andorra has no citizenship-by-investment programme. Naturalisation requires around twenty years of residence (or ten if you completed compulsory schooling in Andorra), and Andorra does not permit dual nationality — acquiring it means renouncing your current one. Confirm the current rule with the Govern d’Andorra.
How much do I need after the 2026 reform?
The passive-residency investment threshold rose from 600,000 to 1,000,000 EUR in Andorran assets in early 2026, and annual quotas now apply (Decret 75/2026). A non-interest-bearing deposit with the AFA forms part of it. The exact sub-figures vary between sources, so confirm the current amounts and quota directly with the Govern d’Andorra.
Is Andorra in the EU or the Schengen area?
No. Andorra is neither an EU member state nor part of the Schengen area, though it has customs and monetary arrangements with the EU and open land borders with France and Spain.