Singapore vs Mauritius: which jurisdiction wins?

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

	Singapore	Mauritius
Tax headline	17% headline, effective 0–8.5% with incentives	15% with partial exemption (effective ~3%)
Formation days	1	10
First-year cost	$3,500	$4,500
Treaties	90+	46+
Substance	Real substance required for tax residency certificate	Substance required for GBC status
Banking	Tier-1 banking (DBS, UOB, OCBC) plus EMI ecosystem	MCB, SBM, AfrAsia

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