RAK ICC vs Isle of Man: which jurisdiction wins?

RAK ICC vs Isle of Man — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.

	RAK ICC	Isle of Man
Tax headline	0% on qualifying income	0% (10% banking/retail)
Formation days	5	5
First-year cost	$3,800	$4,800
Treaties	140+	11+
Substance	Lighter than DIFC/ADGM; substance for tax claims	Substance requirements aligned with EU code of conduct
Banking	Onshore UAE bank intros possible with proper file	IoM banks plus UK introductions

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