Cyprus vs Seychelles: which jurisdiction wins?

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

	Cyprus	Seychelles
Tax headline	12.5% corporate, NID brings effective lower	0% on foreign-sourced income (IBC)
Formation days	7	3
First-year cost	$3,500	$1,500
Treaties	65+	28+
Substance	Substance for treaty access	Light substance for IBCs
Banking	Bank of Cyprus, Hellenic, plus EMIs	Limited; rely on EMIs and intros

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