Seychelles vs Labuan: which jurisdiction wins?

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

	Seychelles	Labuan
Tax headline	0% on foreign-sourced income (IBC)	3% on audited net profits
Formation days	3	14
First-year cost	$1,500	$5,000
Treaties	28+	70+
Substance	Light substance for IBCs	Substance Regulations 2018
Banking	Limited; rely on EMIs and intros	Labuan banks plus Malaysia intros

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