Isle of Man vs RAK ICC: which jurisdiction wins?

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

	Isle of Man	RAK ICC
Tax headline	0% (10% banking/retail)	0% on qualifying income
Formation days	5	5
First-year cost	$4,800	$3,800
Treaties	11+	140+
Substance	Substance requirements aligned with EU code of conduct	Lighter than DIFC/ADGM; substance for tax claims
Banking	IoM banks plus UK introductions	Onshore UAE bank intros possible with proper file

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