About

The Principality of Andorra is one of smallest countries in Europe. It is located in a landlocked situation in the eastern Pyrenees and bordered by Spain and France. The official language is Catalan, but Spanish, French and English are widely understood by the roughly 85.000 inhabitants. Andorra boasts one of the highest GDP per capita ratios in the world and its official currency is the Euro. Andorra is a popular holiday destination, for skiing in winter and year round for duty-free shopping. The closest international airport is Barcelona, Spain. While Andorra is not member of the EU it enjoys a special relationship. Please find more information here.

Main Advantages

• Very favourable tax system
• No Visa required to enter Spain, France and Portugal (e.g. Moscow to Paris without the need of Schengen Visa)
• Easier access to Schengen Visa
• Car Registration with Andorra licence plates
• Relatively fast approval process for investment residency 

Taxation

• Income Tax: None
• Capital Gain Tax: None (except for property in Andorra held under 10 years)
• Inheritance Tax: None
• Wealth Tax: None

Some very moderate changes are planned for 2014/15.

Cost of Living

Andorra has a very high standart of living, however appartment rentals are moderate. A one bedroom appartment can be found for less than 6000€/year. Please find details here.

Requirements

Currently there are three different types of residence permits. All programs require the rental or purchase of an appartment/house; private health insurance and pension plan as well as a minumum proof of income of 300% the annual minimum salary and 100% per dependant person.

Residency by Investment without economic activity in Andorra

• Investment in Andorra`s economy is required with a minimum of 400.000€ (e.g. real estate, Andorra Investment Fund, Andorran company shares).
• Refundable deposit to Institut Andorrà de Finances of 50.000€ and additionaly 10.000€ per dependant person
• 90 days/year of presence in Andorra required
• Income most be sourced abroad, no economic activiity in Andorra possible.

Residency for professionals with an international client base

• Refundable deposit to Institut Andorrà de Finances of 50.000€ and additionaly 10.000€ per dependant person
• A minimum of 85% of provided services by the professional have to have end users outside of Andorra
• 90 days/year of presence in Andorra required

Residency for cultural, scientific and sport activities

• Refundable deposit to Institut Andorrà de Finances of 50.000€ and additionaly 10.000€ per dependant person
• A minimum of 85% of provided services by the professional have to have end users outside of Andorra
• 90 days/year of presence in Andorra required

Necessary Documents for Russian Citizens

Please contact us for a complete list.