Luxembourg vs Andorra: which jurisdiction wins?

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

	Luxembourg	Andorra
Tax headline	24.94% effective; SOPARFI structuring lowers materially	10% corporate, 10% personal
Formation days	14	30
First-year cost	$12,000	$6,500
Treaties	85+	9+
Substance	Substance mandatory post-ATAD	Real residency required
Banking	BIL, BGL BNP Paribas, prime brokers	Andorran banks (Andbank, Crèdit Andorrà)

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