Mauritius vs Monaco: which jurisdiction wins?

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

	Mauritius	Monaco
Tax headline	15% with partial exemption (effective ~3%)	0% personal; 25% corporate on certain activities
Formation days	10	60
First-year cost	$4,500	$25,000
Treaties	46+	35+
Substance	Substance required for GBC status	Real residency and substance required
Banking	MCB, SBM, AfrAsia	Tier-1 private banking

Talk to a partner before you incorporate.

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