Active residences, reside in Andorra working - PSF Consultoría empresarial

  Home/Blog/Investment/Active residences, reside in Andorra working

Active residences, reside in Andorra working

A tax resident in Andorra is a taxable person, who lives more than 183 days in andorran territory during the calendar year or have the core of his economic activities or interests in Andorra, directly or indirectly. This means that you have to do all your life in the country at least for six months.


They are not considered tax resident in Andorra the border workers who daily move into Andorra from Spain or France because them have been hired by companies in Andorra.


Currently in Andorra there are two major types of residence depending on whether we work or not. Thus, we differentiate between active residence, in which we live and work, in a real and effective way all year in the country or nonprofit (previously known as passive) residence where no labor or economic activity is performed.

Active residence for being employed (called "residence and work") is to work in Andorra for a company and requires a contract by such national company, which shall process the residence permit at the inmigration service. The residence and work permits are subject to quotas.

Active residence by own account authorizes the foreigner to reside and work in Andorra permanently and effectively, performing an activity on their own. It also has quotas but always, with there is always a good left over. At least by now.. As requirements:


a) Have obtained an authorization of foreign investment to establish an Andorran company which has a stake of 10%
b) A position on the board of the company
c) Evidence in a maximum of 3 months from the date of application for authorization to immigration, that the company holds trade activity in Andorra


All the residents must have a clean criminal record for entering the country. Also, active licenses are renewed. At the begining, the first year, the next 3 every two and from there in 10 years. With 20 years of residence can be obtained the nationality. 

 

 

Productivity 4

About the Author

I finished the degree in Development of Computer Applications in Alcañiz and later I entered the financial market first as a systems programmer and then as a trader. During those years I finished my DBA Degree in the UNIR and later I obtained a master in Banking, Financial Markets and Patrimonial Management by the EAE. I also took a course in Financial Adviser from the UPV.

I have done consulting for various clients in both strategic and fiscal matters. I tend to offer integral solutions and now I take care of the administration of PSF. When there is an issue that requires knowledge of markets or investment, I also assume that competition.
Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.