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Bahamas vs Liechtenstein: which jurisdiction wins?

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

 BahamasLiechtenstein
Tax headline0% income/corporate tax12.5% corporate
Formation days514
First-year cost$3,500$8,500
TreatiesLimited22+
SubstanceESA requirementsReal substance required
BankingBahamian banks plus EMIsLGT, VP Bank, LLB

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