Gibraltar vs Seychelles: which jurisdiction wins?

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

	Gibraltar	Seychelles
Tax headline	12.5% corporate tax	0% on foreign-sourced income (IBC)
Formation days	7	3
First-year cost	$4,000	$1,500
Treaties	Limited	28+
Substance	Substance for accrued-in-and-derived-from claim	Light substance for IBCs
Banking	Gibraltar International Bank, EMIs	Limited; rely on EMIs and intros

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