Self-Employed Residence in Andorra

Who can apply for self-employed residence in Andorra?

On one hand, the Principality allows specific profiles to access this residency permit. You must demonstrate a real connection to the local economy. There are two main ways to achieve this status:

• ✓ Directors and Shareholders: Individuals who have real control over their own local company.
• ✓ Freelance Liberal Professionals: Qualified freelancers who work independently within the country.

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Mandatory requirements for self-employed residence in Andorra

First of all, to obtain the permit, you must meet very strict criteria. Moreover, preparing all the legal documents correctly is vital for a successful application. Below, we detail the key conditions for all applicants:

1. Minimum shareholding in an Andorran company

To apply for the self-employed residence in Andorra, clear corporate control is required. It is mandatory to hold a shareholding of more than 34%. Additionally, the applicant must hold a position on the company’s Board of Directors.

2. Permanent AFA Deposit

Secondly, a deposit of €50,000 must be made to the Andorran Financial Authority (AFA). It is important to know that this deposit is permanent and non-refundable. Therefore, this amount is considered a fixed investment to live in the Principality.

3. A Minimum stay of 183 days

On the other hand, the permit holder must stay in Andorra for a minimum of 183 days per year. Thanks to this rule, the country ensures that the residency is effective and real. In short, you must live in the territory for at least half the year.

4. Social Security Contributions (CASS)

Likewise, it is mandatory to contribute to the Andorran Social Security (CASS). This registration is done as a self-employed worker. Consequently, the resident has full access to the public healthcare system and social benefits.

5. Liberal Professionals and degrees

Finally, if a company is not created, you must be an active liberal professional. In this case, you must validate your academic degrees first. You also need to be registered with the relevant professional body if required by law.

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Conclusion

In conclusion, getting your self-employed residence in Andorra requires serious financial planning. Despite the €50,000 deposit and the 34% shareholding requirement, the advantages are total for your future. Living in a safe country with low taxes is worth it. If you meet the points above, your relocation project will be a success.