Andorra Business Law Handbook by USA International Business ...

Business plan that projects economic results derived from the activity during the first three years and contains an explanatory report on the prospects of the business, together with all supporting documents that prove the assumptions and data used to develop the business plan. Copy of any document proving the business financial situation, such as previous year’s income and expenses, if you have already conducted the professional activity in another country, or Proof of economic viability of the professional activity and show that will generate sufficient financial resources to reside in Andorra. If you have lived in Andorra permanently for at least 20 years, or you have been a permanent resident for 10 years and have completed compulsory education within the country you can obtain the citizenship by naturalization. To renew the residence permit, you must continue to strictly fulfill the above requirements, and you must physically reside in Andorra for a period of 90 days per calendar year. The deposit is refundable when giving up the residence permit. For each dependent, an additional deposit of €10,000 is required. In addition, the applicant must make a €50,000 non-yield deposit in the INAF. At least 85% of the services provided are in any country other than Andorra. You can demonstrate international dealings and business, The business' operational base is located in the Principality of Andorra, with a maximum of one employee, and Under this scheme a foreign national may obtain a residence permit establishing a business in Andorra and providing international professional services, if: Professional with international client base (D.1.2.) The first renewal is granted for a period of two years, the second renewal for a period of three years subsequent to a period of ten years, except nationals of Portugal, Spain and France, and countries that have signed and ratified an agreement with the Principality of Andorra. The initial authorization of residence is awarded for a period of two years. Under the Decree approving the Regulation of immigration permits of residence without gainful activity of 2012, a foreign-national who makes an economic contribution to the country or provides international professional services from Andorra, may become, together with his or her family, an Andorran resident.

Andorra Business Law Handbook by USA International Business ...