Cyprus vs Guernsey: which jurisdiction wins?

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

	Cyprus	Guernsey
Tax headline	12.5% corporate, NID brings effective lower	0% (10% banking/insurance)
Formation days	7	5
First-year cost	$3,500	$5,500
Treaties	65+	12+
Substance	Substance for treaty access	Substance Law 2018
Banking	Bank of Cyprus, Hellenic, plus EMIs	Channel Islands tier-1 banks

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