Jersey vs Marshall Islands: which jurisdiction wins?

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

	Jersey	Marshall Islands
Tax headline	0% (10% financial services, 20% utilities)	0% non-resident tax
Formation days	5	2
First-year cost	$5,500	$1,800
Treaties	14+	Limited
Substance	Economic substance for relevant activities	Minimal for non-resident entities
Banking	Tier-1 (HSBC, Barclays, Standard Chartered)	EMIs and limited correspondents

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