Luxembourg vs Mauritius: which jurisdiction wins?

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

	Luxembourg	Mauritius
Tax headline	24.94% effective; SOPARFI structuring lowers materially	15% with partial exemption (effective ~3%)
Formation days	14	10
First-year cost	$12,000	$4,500
Treaties	85+	46+
Substance	Substance mandatory post-ATAD	Substance required for GBC status
Banking	BIL, BGL BNP Paribas, prime brokers	MCB, SBM, AfrAsia

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