Luxembourg vs Seychelles: which jurisdiction wins?

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

	Luxembourg	Seychelles
Tax headline	24.94% effective; SOPARFI structuring lowers materially	0% on foreign-sourced income (IBC)
Formation days	14	3
First-year cost	$12,000	$1,500
Treaties	85+	28+
Substance	Substance mandatory post-ATAD	Light substance for IBCs
Banking	BIL, BGL BNP Paribas, prime brokers	Limited; rely on EMIs and intros

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