Isle of Man vs Wyoming (USA): which jurisdiction wins?

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

	Isle of Man	Wyoming (USA)
Tax headline	0% (10% banking/retail)	21% federal, 0% state
Formation days	5	1
First-year cost	$4,800	$1,000
Treaties	11+	70+
Substance	Substance requirements aligned with EU code of conduct	Federal tax considerations apply
Banking	IoM banks plus UK introductions	EMIs (Mercury) plus Wyoming SPDIs (Kraken)

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