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Mauritius vs Delaware (USA): which jurisdiction wins?

Mauritius vs Delaware (USA) — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.

 MauritiusDelaware (USA)
Tax headline15% with partial exemption (effective ~3%)21% federal + 8.7% Delaware (no state tax on non-DE income)
Formation days101
First-year cost$4,500$1,200
Treaties46+70+
SubstanceSubstance required for GBC statusUS tax presence considerations
BankingMCB, SBM, AfrAsiaMercury, Brex, plus tier-1 US banks

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