Domicile Captive Insurance Businesses
A captive insurance business is an insurance company that is wholly owned and controlled by the insured. The company’s objectives are to provide themselves with better insurance coverage at lower costs (by avoiding the commercial insurer’s expenses and profit margins).
Cayman Islands is a leading offshore domicile for captive insurance companies as it has modern straightforward insurance laws, user-friendly regulation, low minimum capitalisation requirements, an accessible regulator, and experienced insurance professional service firms.
Similar posts you may like
- Barbados
Capital city: Bridgetown Currency: Barbadian dollar Read more
- Tax Savings Strategy 214 – First Home Saver Scheme
From 1st July 2017, taxpayers can contribute up to $15,000 per year in voluntary contributions (up to $30,000 in total), that can be withdrawn Read more
- Labuan is a base for more than 6,500 offshore companies
Capital city: Victoria Currency: Read more
- Tax Planning Strategy 102 | Delay Sales & Realisation of Assets
Delaying the realisation of assets (and any assessable capital gains) until after the year end results in the income being taxed in the following Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2