Key points

  • The investment threshold for passive residence (residence without gainful activity) rises to €1,000,000 in Andorran assets.
  • Real estate remains eligible with a floor of €800,000 per unit; Fons d'Habitatge units qualify from €400,000; financial instruments and debt are admitted for 36 months only, after which capital must move into permanent assets.
  • The AFA deposit — €50,000 for the main holder, €12,000 per dependant — is no longer a refundable guarantee: it is a definitive payment to the State, save an initial refusal of the immigration authorisation.
  • The government set a quota of 200 non-lucrative residence authorisations for 2026.
  • Catalan language requirements apply at renewals: A1 at the first, A2 at the second.

One million, with real estate at €800,000 per unit

Real estate remains the most legible route, but each unit must now weigh at least €800,000. Financial instruments are only an airlock: 36 months at most, then reallocation into permanent assets.

The deposit changed nature

The €50,000 paid to the Andorran Financial Authority no longer comes back at the end of the stay: it vests in the State once the authorisation is granted. The true cost of a family application is now computed differently — and definitively.

A rationed regime

Two hundred authorisations for 2026: complete, well-prepared files enter the quota; the rest wait a year.

What this means

Our trade is structuring real estate operations, notably in the Principality, not immigration. But our investors meet this regime, and its 2026 reality deserves stating without varnish: dearer at entry, definitive on the deposit, rationed, and demanding on language.

General information, verified at the date of publication. Immigration matters require qualified counsel in the Principality.