Luxembourg vs Marshall Islands: which jurisdiction wins?

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

	Luxembourg	Marshall Islands
Tax headline	24.94% effective; SOPARFI structuring lowers materially	0% non-resident tax
Formation days	14	2
First-year cost	$12,000	$1,800
Treaties	85+	Limited
Substance	Substance mandatory post-ATAD	Minimal for non-resident entities
Banking	BIL, BGL BNP Paribas, prime brokers	EMIs and limited correspondents

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