Andorra residency by investment

What Andorra passive residency is Andorra’s residency by investment is a *passive* — or non-lucrative — residence permit: it lets you live in the principality without working there locally, in exchange for a qualifying investment and a real annual presence. It is the route people mean when they search for an “Andorra golden visa”, even though Andorra does not use that label. It renews over time and can, eventually, lead to permanent residence.

The 2026 reform: from €600,000 to €1,000,000 The headline number changed in early 2026. A reform (Decret 75/2026) raised the qualifying investment from €600,000 to €1,000,000 in Andorran assets and, just as importantly, introduced annual quotas on how many passive-residency permits are granted. The practical effect: money alone no longer guarantees a place. Applications now compete for a limited number of slots each year, so timing and quota availability matter as much as the investment itself.

Where the €1,000,000 can go The qualifying million can be spread across Andorran assets rather than a single instrument: - Real estate in Andorra, reportedly the option most applicants use, with a higher property-specific minimum after the reform; - Equity in Andorran companies; - Andorran public debt or approved financial instruments; - A non-interest-bearing deposit with the AFA (the Autoritat Financera Andorrana), which counts toward the total. The exact split between the AFA deposit and the rest varies between secondary sources after the reform, so confirm the current breakdown with the Govern before committing.

The 90-day presence requirement Passive residency is not a paper status: it requires a genuine 90 days a year of physical presence in Andorra. That is light next to an ordinary residence, but it is real — and it matters for Andorra tax residency, which generally needs far more than 90 days, or your centre of economic interests in the country. Do not assume the permit alone changes where you are taxed.

Family and health cover The permit can extend to a spouse or partner and dependent children, and to dependent ascendants in some cases — each added to the immigration file and each potentially carrying an additional AFA deposit. Passive residents are typically required to hold private health insurance covering Andorra rather than to join the local social-security system as employees.

What it is not Be clear about the ceiling. This is residence, not citizenship: Andorra has no citizenship by investment, naturalisation takes around twenty years, and the country does not permit dual nationality, so acquiring it would mean renouncing your current passport. Andorra is also not in the EU or the Schengen area, so the permit does not by itself grant visa-free Schengen travel — that follows your own passport.

How Andorra compares Against EU golden visas, Andorra trades Schengen residence for a lower-tax base and a mountain lifestyle. If EU residence is the goal, Portugal’s golden visa or Greece may fit better; if Spain was your plan, see the Spanish golden visa alternatives after its 2025 closure. Weigh Andorra beside the others on our golden visa comparison, and read how any of these routes really works from decision to permit in our guide to the timeline, step by step.

Before you commit Andorra suits someone who wants a low-tax European base, can invest €1,000,000, will genuinely spend 90 days a year there, and does not need a passport or the EU. Because quotas now cap the programme, confirm current availability, the exact investment breakdown and the fees with the Govern d’Andorra, and use only licensed advisers — our guide to risks, scams and vetting an agent explains what to check. See how we verify every figure on our methodology page.