Luxembourg vs Guernsey: which jurisdiction wins?

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

	Luxembourg	Guernsey
Tax headline	24.94% effective; SOPARFI structuring lowers materially	0% (10% banking/insurance)
Formation days	14	5
First-year cost	$12,000	$5,500
Treaties	85+	12+
Substance	Substance mandatory post-ATAD	Substance Law 2018
Banking	BIL, BGL BNP Paribas, prime brokers	Channel Islands tier-1 banks

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