ADGM (Abu Dhabi) vs Andorra: which jurisdiction wins?

ADGM (Abu Dhabi) vs Andorra — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.

	ADGM (Abu Dhabi)	Andorra
Tax headline	0% on qualifying income (9% otherwise)	10% corporate, 10% personal
Formation days	14	30
First-year cost	$11,500	$6,500
Treaties	140+	9+
Substance	Office and director presence required	Real residency required
Banking	ADGM banks plus FAB, ADCB onshore introductions	Andorran banks (Andbank, Crèdit Andorrà)

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