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Marshall Islands vs Liechtenstein: which jurisdiction wins?

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

 Marshall IslandsLiechtenstein
Tax headline0% non-resident tax12.5% corporate
Formation days214
First-year cost$1,800$8,500
TreatiesLimited22+
SubstanceMinimal for non-resident entitiesReal substance required
BankingEMIs and limited correspondentsLGT, VP Bank, LLB

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