British Virgin Islands vs Andorra: which jurisdiction wins?

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

	British Virgin Islands	Andorra
Tax headline	0% corporate tax	10% corporate, 10% personal
Formation days	3	30
First-year cost	$2,500	$6,500
Treaties	Limited	9+
Substance	Economic Substance Act 2018 — relevant activities must demonstrate substance	Real residency required
Banking	Limited domestic banking; introductions to EMIs and Caribbean/Asia correspondents	Andorran banks (Andbank, Crèdit Andorrà)

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