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United Arab Emirates vs Seychelles: which jurisdiction wins?

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

 United Arab EmiratesSeychelles
Tax headline9% corporate tax above AED 375k (free zones 0% on qualifying)0% on foreign-sourced income (IBC)
Formation days103
First-year cost$6,500$1,500
Treaties140+28+
SubstanceFree zone QFZP requires adequate substanceLight substance for IBCs
BankingEmirates NBD, ADCB, Mashreq, plus Wio and crypto-friendly EMIsLimited; rely on EMIs and intros

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