🇦🇩 Andorra vs 🇲🇨 Monaco
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇦🇩 Andorra | 🇲🇨 Monaco |
|---|---|---|
| Tax System | Low Tax | Zero Tax |
| Income Tax (Foreign) | 0-10% | 0% |
| Capital Gains Tax | 0-10% | 0% |
| Corporate Tax | 10% | 25% (non-Monaco revenue) |
| Residency Requirement | €50k deposit + €400k investment | €500k+ deposit |
| Minimum Stay | 90 days | None |
| Cost of Living | Moderate ($2,000-3,500/mo) | Very High ($8,000+/mo) |
🇦🇩 Andorra
Highlights
- ✅Very low taxes
- ✅Safe country
- ✅Mountain lifestyle
- ✅Near Spain/France
- ✅Growing crypto scene
Considerations
- ⚠️Not EU member
- ⚠️Small country
- ⚠️Limited services
Best For
- 👤Skiers
- 👤Low-tax EU access
- 👤Crypto
🇲🇨 Monaco
Highlights
- ✅Zero personal income tax
- ✅Ultra-safe
- ✅Mediterranean climate
- ✅Prestigious address
- ✅EU border access
Considerations
- ⚠️Extremely expensive
- ⚠️Tiny country
- ⚠️Hard to get residency
Best For
- 👤Ultra-high-net-worth
- 👤F1 enthusiasts
- 👤Yacht owners
Which Should You Choose?
Choose Andorra if: You prioritize very low taxes and safe country. Ideal for skiers, low-tax eu access, crypto.
Choose Monaco if: You prioritize zero personal income tax and ultra-safe. Ideal for ultra-high-net-worth, f1 enthusiasts, yacht owners.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.