Bailiwick of Guernsey
- Year captive legislation was passed
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- Total number of captives as of year-end 2022
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- Types of captives allowed
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- Single parent captives
- Association captives
- Group captives
- Protected cell/segregated portfolio companies
- Special purpose captives
- Special purpose financial captives
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Initial licensing and incorporating fees required by the domicile
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- Annual fees
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- Premium tax rate
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- Premiums to surplus
- Risk-based solvency regime tailored to captives.
- Minimum capital (broken out by type of captive)
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100,000 EUR – General Business
250,000 EUR – Long Term Business
- Applicable Acts/Enabling Legislation
- The Insurance Business (Bailiwick of Guernsey) Law, 2002; The Insurance Business (Financial Guarantee Insurance: Special Provisions) (Guernsey) Law, 1996; The Insurance Managers and Insurance Intermediaries(Bailiwick of Guernsey) Law, 2002.
- Captive Administrator’s name and longevity in position
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- Speed of licensing
- 4 - 6 Weeks
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.gfsc.gg/