Cyprus vs Andorra: which jurisdiction wins?

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

	Cyprus	Andorra
Tax headline	12.5% corporate, NID brings effective lower	10% corporate, 10% personal
Formation days	7	30
First-year cost	$3,500	$6,500
Treaties	65+	9+
Substance	Substance for treaty access	Real residency required
Banking	Bank of Cyprus, Hellenic, plus EMIs	Andorran banks (Andbank, Crèdit Andorrà)

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