Georgia vs Andorra: which jurisdiction wins?

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

	Georgia	Andorra
Tax headline	0% on retained earnings (Estonian-style)	10% corporate, 10% personal
Formation days	3	30
First-year cost	$1,800	$6,500
Treaties	56+	9+
Substance	Required for International Company status	Real residency required
Banking	TBC, Bank of Georgia	Andorran banks (Andbank, Crèdit Andorrà)

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