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ANDORRA - PROPERTIES, RESIDENCE PERMITS AND COMPANY FORMATION

PASSIVE RESIDENTS INVEST ALMOST 500 MILLON EUROS IN ANDORRA SINCE 2012

Published on July 23, 2018

Since July 2012, when the Passive residence Law reform was approved a total of 445,219,657 euros have been invested in Andorran assets.

Most of this investment has been directed to the purchase of real estate, in the form of chalets or flats.

Since July 2012 until May 2018 following Passive Residencies have been approved:

– 1,260 residences without lucrative activity,

– 61 professionals with international projection and

– 83 residents for scientific, cultural or sports interest (of these, most are professional athletes).