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

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

	ADGM (Abu Dhabi)	Seychelles
Tax headline	0% on qualifying income (9% otherwise)	0% on foreign-sourced income (IBC)
Formation days	14	3
First-year cost	$11,500	$1,500
Treaties	140+	28+
Substance	Office and director presence required	Light substance for IBCs
Banking	ADGM banks plus FAB, ADCB onshore introductions	Limited; rely on EMIs and intros

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