Cayman Islands vs Andorra: which jurisdiction wins?

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

	Cayman Islands	Andorra
Tax headline	0% corporate, capital gains, and income tax	10% corporate, 10% personal
Formation days	5	30
First-year cost	$4,200	$6,500
Treaties	Limited	9+
Substance	Economic Substance Law applies to relevant activities	Real residency required
Banking	Top-tier prime brokerage and crypto-friendly banking via Cayman National & private banks	Andorran banks (Andbank, Crèdit Andorrà)

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