Andorra — Property: Foreign Ownership

Why this matters

For a relocating person, understanding these regulations is crucial to avoid legal and financial complications.

Key facts

• Foreign real-estate investment needs prior authorisation, requested on form V6 T003 under Law 10/2012 of 21 June on foreign investment in Andorra.
• The form covers non-resident individuals, Andorran companies with 50% or more foreign participation, branches and permanent establishments of non-residents, foreign legal entities and foreign sovereign public entities.
• A non-resident individual attaches a legalised or apostilled passport copy and a criminal record certificate from the country of origin and last residence.
• Companies attach the deed of incorporation, passport and powers of attorney of their representatives, representatives' criminal records, and an original board certificate agreeing the investment, all legalised or apostilled.
• The form states the property class, land and built area, use, whether the right acquired is ownership, another real right or an administrative concession, and the amount and form of payment.
• Documents not in Catalan, French or Spanish need a sworn translation.

Steps

1. Acquire a Notary Public — Engage a Notary Public who specializes in property transactions.
2. Prepare the Purchase Agreement — Draft a purchase agreement that complies with Andorran law.
3. Register the Property — Submit the purchase agreement to the Registry of Property to register the new ownership.