Bermuda vs DIFC (Dubai): which jurisdiction wins?

Bermuda vs DIFC (Dubai) — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.

	Bermuda	DIFC (Dubai)
Tax headline	0% (15% CIT for in-scope MNEs from 2025)	0% on qualifying income (9% otherwise)
Formation days	7	14
First-year cost	$6,500	$12,000
Treaties	Limited	140+
Substance	Economic Substance Act 2018	Mandatory office, directors, employees in DIFC
Banking	Butterfield, HSBC Bermuda, Clarien	DIFC-licensed banks and prime brokers

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