Isle of Man vs Andorra: which jurisdiction wins?

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

	Isle of Man	Andorra
Tax headline	0% (10% banking/retail)	10% corporate, 10% personal
Formation days	5	30
First-year cost	$4,800	$6,500
Treaties	11+	9+
Substance	Substance requirements aligned with EU code of conduct	Real residency required
Banking	IoM banks plus UK introductions	Andorran banks (Andbank, Crèdit Andorrà)

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.