Jersey vs Andorra: which jurisdiction wins?

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

	Jersey	Andorra
Tax headline	0% (10% financial services, 20% utilities)	10% corporate, 10% personal
Formation days	5	30
First-year cost	$5,500	$6,500
Treaties	14+	9+
Substance	Economic substance for relevant activities	Real residency required
Banking	Tier-1 (HSBC, Barclays, Standard Chartered)	Andorran banks (Andbank, Crèdit Andorrà)

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