Malta vs Gibraltar: which jurisdiction wins?

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

	Malta	Gibraltar
Tax headline	35% headline, ~5% effective via refund system	12.5% corporate tax
Formation days	7	7
First-year cost	$4,500	$4,000
Treaties	70+	Limited
Substance	EU substance requirements + DAC6	Substance for accrued-in-and-derived-from claim
Banking	Bank of Valletta, APS, plus EU EMIs	Gibraltar International Bank, EMIs

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