Guernsey vs Seychelles: which jurisdiction wins?

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

	Guernsey	Seychelles
Tax headline	0% (10% banking/insurance)	0% on foreign-sourced income (IBC)
Formation days	5	3
First-year cost	$5,500	$1,500
Treaties	12+	28+
Substance	Substance Law 2018	Light substance for IBCs
Banking	Channel Islands tier-1 banks	Limited; rely on EMIs and intros

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