Last Updated: September 21, 2026

Global Retirement Report: Andorra

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Introduction

The 2026 Global Retirement Report & Index benchmarks 46 retirement, passive-income and non-lucrative visa programs as an allocation decision, a way to diversify tax, lifestyle and political exposure across borders. Each is scored on five weighted factors: Quality of Life, Mobility & Citizenship, Tax, Procedure, and Costs & Investment, combined into a single composite. Below is the program’s overall score and rank, followed by the five sub-indices that show where its real strengths and trade-offs lie.

Rankings Snapshot

Index	Ranking	Score
Overall Ranking	8th	97.8
Procedure Index	10th	85.6
Citizenship and Mobility Index	22nd	87.8
Quality of Life Index	3rd	95.3
Tax Optimization Index	15th	81.6
Costs and Invest Index	46th	50.0

Country Information at a Glance

Category	Details
Legal Provision	Passive Residency (Residencia Passiva) — Passive residency (Residencia per Raons d’Interes Economic) — Immigration Law + Decree 407/2025 (income) & the Omnibus 2 Law (Llei de continuitat, approved 22 Jan 2026, in force 13 Feb 2026) raising the investment to EUR 1,000,000.
Region	Europe
Income Requirements	>=300% of the Andorran minimum wage (~EUR 54,912/yr for 2026) + 100% (~EUR 18,304) per dependent, from foreign sources + investment of EUR 1,000,000 in local real estate, bank funds, government bonds, or shares in local companies. Qualifying income: Passive foreign income — pensions, investments, dividends, rental, royalties.
Processing Time	6-9 months
Family Member Inclusion	Spouse and dependants; +EUR 18,304/yr income and +EUR 12,000 AFA each.
Tax Benefits	Worldwide taxation; income tax up to 10%. Wealth tax: None. Inheritance tax: None. Retiree benefits: Max 10% personal income tax; no wealth or inheritance tax; effective rates often single-digit.
Path to Citizenship	20 years. Time spent on this visa counts toward the residency requirement for naturalisation.
Dual Citizenship	Not allowed

Conclusion

Andorra places #8 of 46 overall (score 97.8), scoring strongest on Quality of Life and weakest on Costs & Investment. Its Passive Residency (Residencia Passiva) carries a financial-means requirement, with citizenship possible after 20 years. It best suits retirees who prioritise everyday living standards, safety and environment; the main trade-off is that upfront costs and financial thresholds are relatively high.

Footnotes

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