Jersey vs RAK ICC: which jurisdiction wins?

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

	Jersey	RAK ICC
Tax headline	0% (10% financial services, 20% utilities)	0% on qualifying income
Formation days	5	5
First-year cost	$5,500	$3,800
Treaties	14+	140+
Substance	Economic substance for relevant activities	Lighter than DIFC/ADGM; substance for tax claims
Banking	Tier-1 (HSBC, Barclays, Standard Chartered)	Onshore UAE bank intros possible with proper file

Talk to a partner before you incorporate.

Wrong jurisdiction, wrong substance, or wrong bank shortlist is a 12-month problem. A 30-minute briefing fixes 80% of it.