Gibraltar vs Malta: which jurisdiction wins?

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

	Gibraltar	Malta
Tax headline	12.5% corporate tax	35% headline, ~5% effective via refund system
Formation days	7	7
First-year cost	$4,000	$4,500
Treaties	Limited	70+
Substance	Substance for accrued-in-and-derived-from claim	EU substance requirements + DAC6
Banking	Gibraltar International Bank, EMIs	Bank of Valletta, APS, plus EU EMIs

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