Labuan vs Andorra: which jurisdiction wins?

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

	Labuan	Andorra
Tax headline	3% on audited net profits	10% corporate, 10% personal
Formation days	14	30
First-year cost	$5,000	$6,500
Treaties	70+	9+
Substance	Substance Regulations 2018	Real residency required
Banking	Labuan banks plus Malaysia intros	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.