British Virgin Islands vs Gibraltar: which jurisdiction wins?

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

	British Virgin Islands	Gibraltar
Tax headline	0% corporate tax	12.5% corporate tax
Formation days	3	7
First-year cost	$2,500	$4,000
Treaties	Limited	Limited
Substance	Economic Substance Act 2018 — relevant activities must demonstrate substance	Substance for accrued-in-and-derived-from claim
Banking	Limited domestic banking; introductions to EMIs and Caribbean/Asia correspondents	Gibraltar International Bank, EMIs

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