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Guernsey vs British Virgin Islands: which jurisdiction wins?
Guernsey vs British Virgin Islands — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.
| Guernsey | British Virgin Islands | |
|---|---|---|
| Tax headline | 0% (10% banking/insurance) | 0% corporate tax |
| Formation days | 5 | 3 |
| First-year cost | $5,500 | $2,500 |
| Treaties | 12+ | Limited |
| Substance | Substance Law 2018 | Economic Substance Act 2018 — relevant activities must demonstrate substance |
| Banking | Channel Islands tier-1 banks | Limited domestic banking; introductions to EMIs and Caribbean/Asia correspondents |
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