Bermuda vs United Arab Emirates: which jurisdiction wins?

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

	Bermuda	United Arab Emirates
Tax headline	0% (15% CIT for in-scope MNEs from 2025)	9% corporate tax above AED 375k (free zones 0% on qualifying)
Formation days	7	10
First-year cost	$6,500	$6,500
Treaties	Limited	140+
Substance	Economic Substance Act 2018	Free zone QFZP requires adequate substance
Banking	Butterfield, HSBC Bermuda, Clarien	Emirates NBD, ADCB, Mashreq, plus Wio and crypto-friendly EMIs

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