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Labuan vs Georgia: which jurisdiction wins?

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

 LabuanGeorgia
Tax headline3% on audited net profits0% on retained earnings (Estonian-style)
Formation days143
First-year cost$5,000$1,800
Treaties70+56+
SubstanceSubstance Regulations 2018Required for International Company status
BankingLabuan banks plus Malaysia introsTBC, Bank of Georgia

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