Duration
Duration
The best way to get legal residency in Andorra without having to work is through passive residency. The passive residency visa programme in Andorra is intended for professionals who earn enough money via pensions, rental properties, investments, funds, bank interest, and other sources.
The passive residency programme in Andorra provides visas to anyone who wants to settle there. The majority of these citizens' economic activities are carried out abroad. An enviable standard of living can be maintained while lawfully minimising taxes for residents of Andorra.
To be eligible for a passive residence,
The applicant's income must be at least 300 percent of the national average. You must demonstrate an annual income of 40,372.92 EURO because the Andorran minimum wage is 13,457.64 EURO. If candidates are bringing relatives, the same regulations must be followed, but at a 100 percent rate for each relative.
The requirements to gain an Andorran passive residence are as follows:
Applying for a passive home may be a way to move to Andorra if you're thinking about doing so. You have seven months as an applicant to demonstrate your €350,000 investment in the nation. You will be one step close to receiving a permit once you accomplish that.
Visa Processing Time
The visa can take up to three months to process. The processing is initiated once you provide the necessary documents and the proof of the investment. It can take longer to process in certain cases so you should be prepared for that.
As for when to apply, you should submit the application around six months before you want to move.
How to Apply
You may be required to visit the nearest embassy to verify your documents and make the application. Consulting a professional may come in handy to avoid any mishaps.
Duration
Instead of the 183 days needed for an active residency, a passive residency permits you to stay in Andorra for just 90 days. You will have lots of time to travel and live in other nations as a result.
Fees
In addition to the investment, you are required to pay around 50 USD for a passive residency visa.
After 90 days in the country, you may apply for an active residence. However, you should plan ahead are keep all relevant documentation ready.
Visa extension is subject to the visa holder adhering to all visa rules during their stay in Andorra.
Business
You may conduct business while having a passive residency.
Dependents
An additional fee is needed to include family members.
Extension
It can lead to active residency.
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