British Virgin Islands vs Cyprus: which jurisdiction wins?

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

	British Virgin Islands	Cyprus
Tax headline	0% corporate tax	12.5% corporate, NID brings effective lower
Formation days	3	7
First-year cost	$2,500	$3,500
Treaties	Limited	65+
Substance	Economic Substance Act 2018 — relevant activities must demonstrate substance	Substance for treaty access
Banking	Limited domestic banking; introductions to EMIs and Caribbean/Asia correspondents	Bank of Cyprus, Hellenic, plus EMIs

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