Singapore vs Bahamas: which jurisdiction wins?

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

	Singapore	Bahamas
Tax headline	17% headline, effective 0–8.5% with incentives	0% income/corporate tax
Formation days	1	5
First-year cost	$3,500	$3,500
Treaties	90+	Limited
Substance	Real substance required for tax residency certificate	ESA requirements
Banking	Tier-1 banking (DBS, UOB, OCBC) plus EMI ecosystem	Bahamian banks plus EMIs

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