Netherlands vs Bermuda: which jurisdiction wins?

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

	Netherlands	Bermuda
Tax headline	25.8% corporate; participation exemption for holdings	0% (15% CIT for in-scope MNEs from 2025)
Formation days	5	7
First-year cost	$6,500	$6,500
Treaties	95+	Limited
Substance	Substance decree — mandatory directors, payroll, office	Economic Substance Act 2018
Banking	ING, Rabobank, ABN AMRO	Butterfield, HSBC Bermuda, Clarien

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.