Cayman Islands vs Seychelles: which jurisdiction wins?

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

	Cayman Islands	Seychelles
Tax headline	0% corporate, capital gains, and income tax	0% on foreign-sourced income (IBC)
Formation days	5	3
First-year cost	$4,200	$1,500
Treaties	Limited	28+
Substance	Economic Substance Law applies to relevant activities	Light substance for IBCs
Banking	Top-tier prime brokerage and crypto-friendly banking via Cayman National & private banks	Limited; rely on EMIs and intros

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