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Georgia vs Delaware (USA): which jurisdiction wins?

Georgia vs Delaware (USA) — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.

 GeorgiaDelaware (USA)
Tax headline0% on retained earnings (Estonian-style)21% federal + 8.7% Delaware (no state tax on non-DE income)
Formation days31
First-year cost$1,800$1,200
Treaties56+70+
SubstanceRequired for International Company statusUS tax presence considerations
BankingTBC, Bank of GeorgiaMercury, Brex, plus tier-1 US banks

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