Jersey vs Bermuda: which jurisdiction wins?

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

	Jersey	Bermuda
Tax headline	0% (10% financial services, 20% utilities)	0% (15% CIT for in-scope MNEs from 2025)
Formation days	5	7
First-year cost	$5,500	$6,500
Treaties	14+	Limited
Substance	Economic substance for relevant activities	Economic Substance Act 2018
Banking	Tier-1 (HSBC, Barclays, Standard Chartered)	Butterfield, HSBC Bermuda, Clarien

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