Andorra vs Monaco: which jurisdiction wins?

Andorra vs Monaco — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.

	Andorra	Monaco
Tax headline	10% corporate, 10% personal	0% personal; 25% corporate on certain activities
Formation days	30	60
First-year cost	$6,500	$25,000
Treaties	9+	35+
Substance	Real residency required	Real residency and substance required
Banking	Andorran banks (Andbank, Crèdit Andorrà)	Tier-1 private banking

Talk to a partner before you incorporate.

Wrong jurisdiction, wrong substance, or wrong bank shortlist is a 12-month problem. A 30-minute briefing fixes 80% of it.