Bermuda vs Mauritius: which jurisdiction wins?

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

	Bermuda	Mauritius
Tax headline	0% (15% CIT for in-scope MNEs from 2025)	15% with partial exemption (effective ~3%)
Formation days	7	10
First-year cost	$6,500	$4,500
Treaties	Limited	46+
Substance	Economic Substance Act 2018	Substance required for GBC status
Banking	Butterfield, HSBC Bermuda, Clarien	MCB, SBM, AfrAsia

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