ADGM (Abu Dhabi) vs Luxembourg: which jurisdiction wins?

ADGM (Abu Dhabi) vs Luxembourg — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.

	ADGM (Abu Dhabi)	Luxembourg
Tax headline	0% on qualifying income (9% otherwise)	24.94% effective; SOPARFI structuring lowers materially
Formation days	14	14
First-year cost	$11,500	$12,000
Treaties	140+	85+
Substance	Office and director presence required	Substance mandatory post-ATAD
Banking	ADGM banks plus FAB, ADCB onshore introductions	BIL, BGL BNP Paribas, prime brokers

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