Lucas Fox guide to residency and tax in Andorra

At Lucas Fox Andorra we can assist all of our clients to obtain TAX FREE PASSIVE RESIDENCY IN ANDORRA. This includes the preparation of all documents and their presentation.

For clients who decide to purchase one of our listed properties in Andorra for a value of €400.000 (four hundred thousand euros) we will provide this service ABSOLUTELY FREE OF CHARGE.

If you are interested in becoming a passive resident in a low tax environment within Europe, Andorra is the right place to be. As of the start of 2012 prices of real estate for sale in Andorra have come down to the lowest levels since Andorran passive residency was introduced.

Join the list of Lucas Fox Andorra's satisfied international customers who have made their passive residency application using our specialised and personal service.

For any information about Andorra, whether this is about buying, selling, taxes, residency, or any other Andorra related legal issues, please contact us without any commitment.

Lucas Fox Andorra can assist you in English, Español, Deutsch, Francais, Nederlands, русский.

*You only need to provide us with the required translated documentation.

PASSIVE RESIDENCY:

The main requirements to apply for Passive Residency in Andorra are:

• Be over 18 years old
• Provide a certificate of funds available in your account (as at 01/01/2011) of €33,474,20 per annum for the head of the family and €11,158,08 for each dependant family member, for the period the passive residency is in force. This minimum amount required has to be certified by an Andorran bank.
• Show a non criminal record certificate (not older than three months)from the applicants home country and from the country of current residency.
• Produce documentation showing the existence of health insurance and a pension plan.
• Produce a document showing Civil Status.
• Own or rent a house or apartment in the Principality.
• Pay a non interest bearing deposit of €30,000 plus  €7,000 for each dependant to the Government, which is refundable on departure.

TAXES

NO income tax

NO taxation on gifts

NO inheritance tax

NO capital transfer taxes

A 4% Property Purchase Tax of the agreed price between seller and buyer has to be paid to the Andorra Government when purchasing a property. For further information on buying property in Andorra, please click here.