Gibraltar vs Guernsey: which jurisdiction wins?

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

	Gibraltar	Guernsey
Tax headline	12.5% corporate tax	0% (10% banking/insurance)
Formation days	7	5
First-year cost	$4,000	$5,500
Treaties	Limited	12+
Substance	Substance for accrued-in-and-derived-from claim	Substance Law 2018
Banking	Gibraltar International Bank, EMIs	Channel Islands tier-1 banks

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