Residency by investment
AndorraAndorra Residency by Investment · Passive residence permit in Andorra
- From
- EUR 1,000,000
- Timeline
- On request
Why Andorra
A residence in the Pyrenees, between Spain and France
Your spouse or partner, dependent parents, minor children and children under 25 who are studying. ↗
You have six months from your application to complete the investment, extendable by six more for force majeure. ↗
A small country in the Pyrenees, a short drive from Barcelona and Toulouse.
How you qualify
Routes to residency in Andorra
Andorran assets
from EUR1,000,000
Real estate (more than EUR 800,000 per property unit), shares of Andorran companies, Andorran bonds and funds, public debt, life insurance with Andorran insurers or deposits at the Andorran Financial Authority. ↗
Payment to the AFA
EUR50,000
A non-refundable payment to the Andorran Financial Authority, plus EUR 12,000 per dependant. It is returned only if the initial authorisation is refused. ↗
The current rules apply since 13 February 2026. Applications filed before 22 January 2026 keep the previous rules. ↗
Legal framework
The law behind the Residency by Investment
The figures on this page come from the law of Andorra and the official pages of its authorities. We check them regularly.
- Main law
- Qualified Immigration Law (Law 9/2012 of 31 May, consolidated text), arts. 32, 89-97 and 154 ↗
- Last regulatory update
- 13 February 2026. Law 2/2026 raised the minimum investment to EUR 1,000,000 and replaced the refundable AFA deposit with a non-refundable payment of EUR 50,000 plus EUR 12,000 per dependant. Source ↗
- Information checked
Last change: 2026
Since 13 February 2026 (Law 2/2026), the passive residence requires at least EUR 1,000,000 in Andorran assets, with more than EUR 800,000 per property unit, plus a non-refundable payment of EUR 50,000 to the Andorran Financial Authority and EUR 12,000 per dependant. The tax on foreign real estate investment is 6% for a first home and 10% for other investments.
See all legislation (7)
How the program has changed
-
2012
The Qualified Immigration Law regulates the passive residence. Qualified Immigration Law ↗
-
Dec 2022
Law 42/2022 sets the investment at EUR 600,000 with a refundable deposit. Law 42/2022 of 1 December ↗
-
Feb 2024
Tax on foreign real estate investment introduced. Law 3/2024 of 1 February ↗
-
Feb 2026
Law 2/2026 raises the investment to EUR 1,000,000 and makes the AFA payment non-refundable. Law 2/2026 of 22 January ↗
Legislation in force
| Legislation | What it covers | Published |
|---|---|---|
| Qualified Immigration Law (Law 9/2012 of 31 May, consolidated text), arts. 32, 89-97 and 154 ↗ | Immigration rules, passive residence and fees | BOPA No. 30, 27 June 2012; consolidated text of 6 February 2019 · 31 May 2012 |
| Law 42/2022 of 1 December (digital economy, entrepreneurship and innovation), art. 50 ↗ | Earlier investment thresholds (2022) | BOPA No. 148, 22 December 2022 · 1 December 2022 |
| Law 3/2024 of 1 February (tax on foreign real estate investment) ↗ | Tax on foreign investment in real estate | BOPA, February 2024 · 1 February 2024 |
| Law 5/2025 of 6 March (sustainable growth and the right to housing) ↗ | Housing and sustainable growth measures | BOPA, 24 March 2025 · 6 March 2025 |
| Law 2/2026 of 22 January (continuity of sustainable growth measures), arts. 10 and 29 ↗ | Current investment and AFA payment thresholds | BOPA No. 15, 12 February 2026; in force 13 February 2026 · 22 January 2026 |
| Decree 407/2025 of 12 November (regulation on residence without gainful activity) ↗ | Regulation of residence without gainful activity | BOPA, 12 November 2025 |
| Decree 74/2026 of 11 March (annual quota regulation) ↗ | Annual quota of residence authorizations | BOPA, 12 March 2026 · 11 March 2026 |
Sources of the figures (5)
| # | Source | Used for |
|---|---|---|
| 1 | Llei 2/2026, art. 10 (nou art. 96.1 de la Llei 9/2012) · BOPA núm. 15, 12-02-2026 ↗ | From · Andorran assets |
| 2 | Llei 9/2012, art. 91.1 (text consolidat, Portal Jurídic) ↗ | Family · The whole family |
| 3 | Llei 2/2026, art. 10 (art. 96.3) · BOPA núm. 15 ↗ | Six months to invest |
| 4 | Llei 2/2026, art. 10 (art. 96.2) · BOPA núm. 15 ↗ | Payment to the AFA |
| 5 | Llei 2/2026, disposició transitòria segona · BOPA núm. 15 ↗ | Routes to residency in Andorra |
FAQs · Andorra
What families ask about Andorra
Short answers, each with its legal basis. Your advisor goes through the rest with you.
All questions, by countryWho can apply?
Non-residents of legal age who invest at least EUR 1,000,000 in Andorran assets, make the non-refundable payment to the Andorran Financial Authority, hold health, disability and old-age insurance, have a home in Andorra and prove sufficient means can apply for the passive residence. Your dependants can be included.
Legal basis: Qualified Immigration Law (Law 9/2012), arts. 89-96, as amended by Law 2/2026 ↗
What is the minimum investment and which routes exist?
At least EUR 1,000,000 in Andorran assets: real estate with more than EUR 800,000 per property unit, shares of Andorran companies, Andorran bonds and investment funds (for up to 36 months), public debt, life insurance with Andorran insurers or deposits at the Andorran Financial Authority. The investment drops to EUR 400,000 if placed in the public Housing Fund.
Legal basis: Law 2/2026, art. 10 (new art. 96 of Law 9/2012) ↗
What counts as an investment?
Real estate in Andorra (more than EUR 800,000 per property unit), shares of Andorran companies, Andorran bonds and investment funds (for up to 36 months), public debt, life insurance with Andorran insurers and deposits at the Andorran Financial Authority. The total must reach EUR 1,000,000, or EUR 400,000 if invested in the Housing Fund.
Legal basis: Law 2/2026, art. 10 (art. 96.1 a-f) ↗
Is the payment to the AFA refundable?
No. Since 13 February 2026 the EUR 50,000 payment to the Andorran Financial Authority is non-refundable unless the initial authorization is refused. Before that date it was a refundable deposit of EUR 47,500.
Legal basis: Law 2/2026, art. 10 (art. 96.2) ↗
How can I become a citizen?
Since June 2026, Andorran nationality by naturalization requires twenty years of principal and permanent residence in Andorra, counted with or without interruptions, including effective residence during the five years before the application. You need a B1 Catalan certificate if you are under seventy and must show sufficient integration in Catalan language, history, geography and Andorran institutions, assessed by the Government. Andorra does not allow dual nationality: the grant is conditional on proving within five years that you have lost your previous one. Shorter routes exist for spouses of Andorrans (five years) and for those educated in Andorra (ten years plus ten school years).
Do I have to keep the investment, and for how long?
Yes, for as long as you hold the residence. You have six months from the application to complete the investment, extendable by six more for force majeure, and each renewal requires proof that the investment in Andorran assets is maintained. Investments in debt instruments and funds count for a maximum of 36 months before they must be moved to another asset.
Legal basis: Law 2/2026, art. 10 (art. 96.3); Government of Andorra, renewal of residence without work ↗
Who can I include?
Your spouse or stable partner, dependent parents of either of you, minor children, adult children with a disability who depend on you, children under 25 who are studying, other dependent descendants and people under your guardianship.
Legal basis: Qualified Immigration Law (Law 9/2012), art. 91.1 ↗
Do I need a home in Andorra?
Yes. You must own or rent a dwelling that meets the minimum habitability conditions, or be buying one, with the purchase completed within one year of the application. The dwelling can be the real estate that counts toward the investment if it meets the EUR 800,000 per unit minimum.
Legal basis: Qualified Immigration Law (Law 9/2012), art. 90(d) ↗
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