Liechtenstein vs Andorra: which jurisdiction wins?

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

	Liechtenstein	Andorra
Tax headline	12.5% corporate	10% corporate, 10% personal
Formation days	14	30
First-year cost	$8,500	$6,500
Treaties	22+	9+
Substance	Real substance required	Real residency required
Banking	LGT, VP Bank, LLB	Andorran banks (Andbank, Crèdit Andorrà)

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