Guernsey vs RAK ICC: which jurisdiction wins?

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

	Guernsey	RAK ICC
Tax headline	0% (10% banking/insurance)	0% on qualifying income
Formation days	5	5
First-year cost	$5,500	$3,800
Treaties	12+	140+
Substance	Substance Law 2018	Lighter than DIFC/ADGM; substance for tax claims
Banking	Channel Islands tier-1 banks	Onshore UAE bank intros possible with proper file

Talk to a partner before you incorporate.

Wrong jurisdiction, wrong substance, or wrong bank shortlist is a 12-month problem. A 30-minute briefing fixes 80% of it.