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
- Vanuatu
Capital city: Port Vila Currency: Vanuatu Read more
- Tax Savings Strategy 207 | The Sole Trader Business Structure
The sole trader business structure involves the individual personally operating their business. The advantages of operating a business as a sole trader include: Simple Read more
- Oldest Tax Haven
Taxation has been around since 6,000 BC (in Ancient Mesopotamia). Mesopotamia is the name of the Tigris-Euphrates river system (corresponding to most of Iraq, Read more
- Madeira
Capital city: Funchal Currency: Euro (€) 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