Marshall Islands vs Andorra: which jurisdiction wins?

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

	Marshall Islands	Andorra
Tax headline	0% non-resident tax	10% corporate, 10% personal
Formation days	2	30
First-year cost	$1,800	$6,500
Treaties	Limited	9+
Substance	Minimal for non-resident entities	Real residency required
Banking	EMIs and limited correspondents	Andorran banks (Andbank, Crèdit Andorrà)

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