Malta vs Georgia: which jurisdiction wins?

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

	Malta	Georgia
Tax headline	35% headline, ~5% effective via refund system	0% on retained earnings (Estonian-style)
Formation days	7	3
First-year cost	$4,500	$1,800
Treaties	70+	56+
Substance	EU substance requirements + DAC6	Required for International Company status
Banking	Bank of Valletta, APS, plus EU EMIs	TBC, Bank of Georgia

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Wrong jurisdiction, wrong substance, or wrong bank shortlist is a 12-month problem. A 30-minute briefing fixes 80% of it.