Guernsey vs Malta: which jurisdiction wins?

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

	Guernsey	Malta
Tax headline	0% (10% banking/insurance)	35% headline, ~5% effective via refund system
Formation days	5	7
First-year cost	$5,500	$4,500
Treaties	12+	70+
Substance	Substance Law 2018	EU substance requirements + DAC6
Banking	Channel Islands tier-1 banks	Bank of Valletta, APS, plus EU EMIs

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