Marshall Islands vs Labuan: which jurisdiction wins?

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

	Marshall Islands	Labuan
Tax headline	0% non-resident tax	3% on audited net profits
Formation days	2	14
First-year cost	$1,800	$5,000
Treaties	Limited	70+
Substance	Minimal for non-resident entities	Substance Regulations 2018
Banking	EMIs and limited correspondents	Labuan banks plus Malaysia intros

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