Estonia vs Bahamas: which jurisdiction wins?

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

	Estonia	Bahamas
Tax headline	0% on retained earnings, 20% on distributions	0% income/corporate tax
Formation days	1	5
First-year cost	$1,500	$3,500
Treaties	60+	Limited
Substance	Real management required for tax residency	ESA requirements
Banking	LHV, Swedbank, EMIs (Wise)	Bahamian banks plus EMIs

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