Monaco vs Andorra: which jurisdiction wins?

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

	Monaco	Andorra
Tax headline	0% personal; 25% corporate on certain activities	10% corporate, 10% personal
Formation days	60	30
First-year cost	$25,000	$6,500
Treaties	35+	9+
Substance	Real residency and substance required	Real residency required
Banking	Tier-1 private banking	Andorran banks (Andbank, Crèdit Andorrà)

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Wrong jurisdiction, wrong substance, or wrong bank shortlist is a 12-month problem. A 30-minute briefing fixes 80% of it.