United Arab Emirates vs Andorra: which jurisdiction wins?

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

	United Arab Emirates	Andorra
Tax headline	9% corporate tax above AED 375k (free zones 0% on qualifying)	10% corporate, 10% personal
Formation days	10	30
First-year cost	$6,500	$6,500
Treaties	140+	9+
Substance	Free zone QFZP requires adequate substance	Real residency required
Banking	Emirates NBD, ADCB, Mashreq, plus Wio and crypto-friendly EMIs	Andorran banks (Andbank, Crèdit Andorrà)

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