Andorra Investor Visa

The Andorran Government document checklist requires a commitment to invest in Andorran assets and the paperwork for a deposit with the Andorran Financial Authority, but publishes no figure for this category.

The condition it does quantify is the income test: the main holder must show annual income above 300% of the current annual minimum wage, plus a further 100% of that indicator for each dependant.

It is evidenced by a pension or disability certificate, the previous year income tax return in the last country of residence, and the corresponding bank certifications.

The figure for this route does exist, and it sits in the statute rather than on the procedural page: Llei 2/2026 of 22 January 2026, on the continuity and consolidation of the measures for sustainable growth, rewrote Article 96 of Llei 9/2012, replacing the wording given by Llei 5/2025.

The law was published in BOPA No. 15 of 12 February 2026 and entered into force the following day; applications filed before the law was approved remain governed by the rules previously in force.

Paragraph 1 requires the principal holder of a residence without gainful activity to invest, permanently and effectively, at least one million euros in one or more classes of Andorran assets.

The classes are immovable property situated in Andorra, holdings in the share capital or own funds of companies resident in Andorra, debt instruments issued by any Andorran public administration, life insurance products contracted with resident entities, and non-remunerated deposits with the Andorran Financial Authority.

The new wording adds a sixth class: debt or financial instruments issued by entities resident in Andorra and collective investment funds under Andorran law, which count for a maximum of 36 months, after which the sum must be moved into another class of asset.

That sum is reduced to four hundred thousand euros where the investment is made, directly or indirectly and on the same permanent and effective basis, in the Housing Fund.

Where the investment is made partly or wholly in immovable property, a sum exceeding eight hundred thousand euros must be allocated to each property unit acquired.

Paragraph 2 adds a payment to the Andorran Financial Authority: fifty thousand euros for the principal holder, plus twelve thousand euros for each dependant who becomes a resident without gainful activity.

These payments are made on a definitive basis and are not refundable unless the initial authorisation is refused; they are then transferred to the ministry responsible for finance and remain for the benefit of the State.

The new wording no longer contains the sentence, present in the Llei 5/2025 version, deducting these amounts from the sum in paragraph 1.

One thing on the procedural page is easy to misread, and is set down here so the next reader does not.

That page does print a deposit of forty-seven thousand five hundred euros plus nine thousand five hundred euros per dependant. But those two figures belong to two other routes, the professional of international standing and the person of recognised talent in science, culture or sport, and not to residence without gainful activity

What is received is a residence authorisation without the right to work, and its first condition is not money but a place in the queue: the route is granted within a quota that the Government sets by regulation, and the lack of available quota is a ground for refusing an initial application under Article 49(e) of Law 9/2012, as rewritten by Law 2/2026.

The current quota is set by Decree 74/2026 of 11 March 2026, made under Article 23(10) of Law 9/2012 and published and in force on 13 March 2026: 200 residence authorisations without work in total, of which 163 are for residence without gainful activity, and a sub-category that runs out may still be granted for as long as the overall 200 is not exhausted. The decree ties those places to no year or period; its preamble records that the previous quota, 600 authorisations including 490 for this route, has been exhausted.

Places are granted in chronological order of filing, but with priority first for nationals of states that have signed and ratified a convention with the Principality of Andorra, then for nationals of the European Union and the European Economic Area, and finally for nationals of other states. Dependants who become residents under Article 91 do not count against the quota, under Article 23(10).

Holding enough money, enough insurance and enough accommodation may therefore still not secure a place — the same shape as the other quota routes in this table, and something intermediary pitches almost never mention.

The second condition is not a bare figure but a test carrying two adjectives — principal and effective — placed above the minimum number of days; that test and its figure are set out in the residence cell of this table.

What the authorisation does not permit must be said plainly, because the name of the route only implies it: it does not permit any employment or professional activity in Andorra.

The narrow scope the law leaves the holder — managing their own assets, and holding an unremunerated administrator post in an entity in which they hold half the capital or more — is recorded in the tax cell of this table, because that same provision also decides their tax position.

And the one name for non-working residence also covers a second sub-category running on a markedly shorter timetable — that branch, and the duration and renewal ladders for both, are recorded in the timing cell of this table.

Nor is this authorisation a visa, and it does not replace an entry visa. Under the first transitional provision of Law 9/2012, until a qualified law regulates the visas issued by Andorra, a foreign national who is not a national of the European Union or the European Economic Area must hold at least the visas required to enter and move lawfully in France or Spain and to re-enter them from Andorran territory; Article 13 of the Regulation approved by Decree 407/2025 makes a regular Schengen situation a condition of this route. Viet Nam is among the countries whose nationals must hold a visa when crossing the external borders of the Schengen area under Regulation (EU) 2018/1806.

On processing time, the Government's undated immigration FAQ states that the authority books the medical examination at the Immigration Medical Service for the next working day after the documents are presented, and that, provided every requirement is met, the initial immigration authorisation is obtained the day after that examination.

The duration of the authorisation, by contrast, is not fixed but a rising ladder. Under Article 32 of Law 9/2012, the residence authorisation without gainful activity is granted for two years initially; the first renewal for two years; the second and later renewals for three years.

The ten-year step does not follow automatically from the order of renewals: paragraph 3 grants a ten-year renewal only to a foreign national who has held the authorisation for at least seven years, applies for it and meets the requirements of the law, and later renewals are also for ten years. The first three steps add up to exactly seven years, so that point usually falls at the third renewal.

The ladder carries one exception by nationality, and the law names it: Spanish, French and Portuguese nationals receive an initial two years, three years at each renewal, and a ten-year renewal once they have held the authorisation for at least five years (Article 32(4) and (5)). The procedure page expresses that exception as nationals of states that have signed and ratified a convention with the Principality of Andorra.

One sub-category of the same route runs on a different ladder altogether — a person seeking residence in order to enter a private geriatric centre or a private medical or therapeutic care centre is granted one year, renewable year by year.

Two short procedural deadlines also belong to the timing of this route, and missing them costs the permit.

First, the holder must register with the Comú, the parish administration of their place of residence, within a maximum of one month of the date the immigration authorisation is granted, and must evidence that registration within the same period; the Comú certificate must be filed within three months of obtaining the authorisation. The official texts do not agree on this deadline: the procedure page gives both periods as above, the technical sheet T2 FG024 of 28 September 2026 requires the Comú certificate within the month after the authorisation is obtained, and Article 8 of the Regulation approved by Decree 407/2025 allows three months to file that certificate, failing which the authorisation is annulled under Article 79(g) of Law 9/2012.

Second, an applicant who does not yet own a home but has begun purchase formalities is accepted, but those formalities must be completed within one year of the date the residence application was filed. All official documents issued by foreign authorities must carry the Hague Convention apostille or be duly legalised.

The investment has its own deadline. Under Article 96(3) of Law 9/2012 as rewritten by Law 2/2026, the applicant undertakes to make the investment within six months at most, and that period may be extended by about six months more where it is shown that the investment could not be made because of force majeure or the fault of a third party. Article 14 of the Regulation approved by Decree 407/2025 then allows one month, counted from the end of the six months after the approving decision, to file proof of the investment; failure to file it annuls the authorisation.

On renewal, procedure page D.2 states that the application is filed during the six months before expiry, while the general immigration FAQ states that renewal must take place at most sixty days before the expiry date. Both pages are undated and they do not say the same thing; page D.2 is the one specific to this route.

The residence test on this route is not a bare count of days, and the way the procedure page writes it is what decides the matter: the applicant must establish their principal and effective residence in the Principality of Andorra for at least ninety days per calendar year.

The two adjectives principal and effective place a qualitative requirement above the figure: ninety days is the countable minimum, while whether Andorra is in fact that person principal home is a judgement the authority reserves.

The applicant must also sign an undertaking to that effect, so it is an obligation assumed rather than merely a fact inspected.

And this is where a second figure must be read alongside it so nobody mistakes their position: ninety days is the threshold of the authorisation, not of tax.

The tax threshold is markedly higher and the comparison of the two is recorded in the tax cell of this table, so holding the authorisation does not of itself make the holder an Andorran tax resident.

One accompanying condition whose neglect costs the authorisation: once granted, the holder is required to register with the Comú, the parish administration of the place of residence, and must file proof of that registration — the marks and deadlines for it are recorded in the timing cell.

The accommodation condition, including the door open to someone who has merely begun a purchase and the deadline for completing it, is recorded in the other costs cell of this table.

Each dependant adds two charges at once rather than one. The first is the payment: beyond the principal applicant own sum, a further twelve thousand euros must be paid to the Andorran Financial Authority for each dependant who becomes a resident without gainful activity; it is not refundable unless the initial authorisation is refused.

The second is the income threshold: the principal holder must show annual income above 300 per cent of the annual minimum wage in force, plus a further 100 per cent of that indicator for each dependant.

Evidence may be a retirement or disability pension certificate, the prior-year income tax return filed in the last country of residence, and the matching bank certifications.

Insurance is counted per head too: cover for illness, incapacity and old age must be held and kept in force for Andorra for the applicant and for their dependants, or those of a spouse or stable partner, for the whole validity of that cover — except that minors and persons over sixty need only illness cover.

On documents, a dependent child needs a birth certificate, and a child under sixteen additionally needs a vaccination book and a medical certificate.

Marital status must be evidenced case by case, including a separation or divorce judgment or a spouse death certificate; a stable partnership specifically requires an official certificate issued by the Andorran Civil Registry, not a foreign one.

Beyond those charges there is an issuing fee of EUR 1,000 for each dependant. In return, dependants take no quota place: Article 23(10) of Law 9/2012 excludes from the quota those who become residents without gainful activity under Article 91, so only the principal holder has to wait for a place.

The status this programme grants, whether a visa or a residence permit, does not replace the holder's passport. The holder still travels on the passport of their own country, so the figure below belongs to the Andorra passport and becomes the holder's only once they are issued a Andorra passport.

According to the Passport Index of Prosperous Intelligence, on data dated 30 September 2026, the Andorra passport reaches 185 destinations without applying for a consular visa in advance. The figure combines three forms of entry and does not count an e-Visa that must be obtained beforehand:

It is therefore a measure of how easily the holder travels, not a count of visa-free countries in the narrow sense.

For comparison, on the same source and the same method of counting, the Vietnamese passport reaches 44 destinations. The two lists of destinations do not nest inside one another, so the difference is an indication rather than a list of places newly opened.

Prosperous Intelligence dates its data and advises checking with the destination’s official authorities before travelling.

The programme carries no tax regime of its own, and what matters most in this record is a comparison of two thresholds.

The permit threshold: under Article 95(1) of the consolidated text of Law 9/2012, a resident without gainful activity is a person whose principal and effective residence is in Andorra for at least 90 days in each calendar year and who exercises no employment or professional activity there.

The tax threshold: Article 8 of Law 5/2014 of 24 April on personal income tax treats a person as tax resident where they remain for more than 183 days in the calendar year in Andorran territory, or where the main nucleus or base of their activities and economic interests lies in Andorran territory.

In computing the 183 days, sporadic absences are counted in, unless the taxpayer establishes tax residence in another country.

Paragraph 2 of the same article adds a presumption, rebuttable by evidence to the contrary: a person is treated as tax resident in Andorra where their spouse, not legally separated, and their minor children are tax resident there.

Ninety and one hundred and eighty-three do not meet, so holding the permit does not of itself make a person an Andorran tax resident. But the day count is not the only test: the main centre or base of economic interests, and the presumption based on spouse and children, can still bring a permit holder within tax residence below 183 days. On the immigration side the silence is unmistakable: the consolidated text of Law 9/2012 does not mention tax or fiscal matters.

The law mentions levies only in Title XV on administrative fees in immigration matters. The fee table in Article 154, as rewritten by Law 5/2025, sets EUR 3,000 for issuing an initial residence authorisation without work, EUR 500 for each renewal and EUR 1,000 for the authorisation of each dependant; the Government's fee page gives the same amounts, plus EUR 6.79 for issuing the application receipt.

Decree 407/2025, made on 12 November 2025 and published in the Official Bulletin No. 137 of 13 November 2025, governs only the procedure for evidencing the investment, and its full text does not mention tax, levies or fiscal matters.

On the substantive tax position, the Government of Andorra practical guide to personal income tax for 2024 gives the following parameters:

One detail bears directly on this category. Under Article 46 of Law 5/2014, a person with income from employment, from economic activity or from immovable capital deducts from the tax a reduction equal to 50% of the tax computed on the general tax base, capped at EUR 800; a person with savings income only receives no reduction.

A resident without gainful activity has no employment income: Article 95(2) permits them only to manage their own assets and to hold office as an administrator in a legal person in which they hold 50% or more of the capital, on condition that the office is unremunerated. But rent from immovable property in Andorra is income from immovable capital, so a holder with such income may still qualify for the reduction, within the EUR 800 cap.

Read this cell within its scope: the immigration law and the 2025 decree govern grant, renewal and proof of investment and say nothing about tax;

Law 5/2014 and the guide state tax-residence criteria and rates applying to every individual, without distinction by permit type; and no source grants this category any exemption, preferential rate, lump-sum regime or non-domiciled regime.

The applicant must hold and keep in force in Andorra cover for illness, incapacity and old age, for themselves and their dependants, for the whole period the authorisation is valid. The lighter cover for minors and those over sixty is recorded in the dependants cell of this page.

The applicant must also prove ownership or rental of housing meeting the minimum habitability conditions, or that a purchase has been started and will be completed within one year of the application being filed.

Paperwork is a cost of its own. Every official document issued by a foreign authority must carry a Hague Convention apostille or be duly legalised, including criminal record certificates from the country of origin, the country of nationality and every country of residence.

Children under 16 need a vaccination record and a medical certificate, and applicants go through the authority's medical review. Photographs must have been taken within six months before filing.

Once the permit is granted, the resident must register with the Comú of the parish where they live within one month of the grant, and file the Comú certificate within three months. Both periods appear on the procedure page, but the official texts do not agree on the deadline for filing the certificate; that discrepancy is recorded in the timing cell of this table.

The issuing fee is a cost of its own: EUR 3,000 for the initial authorisation, EUR 1,000 for the authorisation of each dependant and EUR 500 on renewal of a residence authorisation without work, under Article 154 of Law 9/2012 as rewritten by Law 5/2025.