Wyoming (USA) vs Cook Islands: which jurisdiction wins?

Wyoming (USA) vs Cook Islands — both credible, very different trade-offs. Below: side-by-side on the variables that actually move the decision.

	Wyoming (USA)	Cook Islands
Tax headline	21% federal, 0% state	0% on foreign-sourced income
Formation days	1	5
First-year cost	$1,000	$3,500
Treaties	70+	Limited
Substance	Federal tax considerations apply	Light
Banking	EMIs (Mercury) plus Wyoming SPDIs (Kraken)	Limited; asset-protection focused

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