Jersey vs Cayman Islands: which jurisdiction wins?

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

	Jersey	Cayman Islands
Tax headline	0% (10% financial services, 20% utilities)	0% corporate, capital gains, and income tax
Formation days	5	5
First-year cost	$5,500	$4,200
Treaties	14+	Limited
Substance	Economic substance for relevant activities	Economic Substance Law applies to relevant activities
Banking	Tier-1 (HSBC, Barclays, Standard Chartered)	Top-tier prime brokerage and crypto-friendly banking via Cayman National & private banks

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