Bermuda vs Georgia: which jurisdiction wins?

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

	Bermuda	Georgia
Tax headline	0% (15% CIT for in-scope MNEs from 2025)	0% on retained earnings (Estonian-style)
Formation days	7	3
First-year cost	$6,500	$1,800
Treaties	Limited	56+
Substance	Economic Substance Act 2018	Required for International Company status
Banking	Butterfield, HSBC Bermuda, Clarien	TBC, Bank of Georgia

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