British Virgin Islands vs Bahamas: which jurisdiction wins?

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

	British Virgin Islands	Bahamas
Tax headline	0% corporate tax	0% income/corporate tax
Formation days	3	5
First-year cost	$2,500	$3,500
Treaties	Limited	Limited
Substance	Economic Substance Act 2018 — relevant activities must demonstrate substance	ESA requirements
Banking	Limited domestic banking; introductions to EMIs and Caribbean/Asia correspondents	Bahamian banks plus EMIs

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