Singapore vs Andorra: which jurisdiction wins?

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

	Singapore	Andorra
Tax headline	17% headline, effective 0–8.5% with incentives	10% corporate, 10% personal
Formation days	1	30
First-year cost	$3,500	$6,500
Treaties	90+	9+
Substance	Real substance required for tax residency certificate	Real residency required
Banking	Tier-1 banking (DBS, UOB, OCBC) plus EMI ecosystem	Andorran banks (Andbank, Crèdit Andorrà)

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