Barbados
- Year captive legislation was passed
- Sign in to see more data
- Total number of captives as of year-end 2025
- Sign in to see more data
- Total new captives in 2025
- Sign in to see more data
- Total surrendered licenses in 2025
- Sign in to see more data
- Number of pure / single parent captives as of 2025
- 163
- Number of sponsored / cell company captives as of 2025
- 28
- Number of other types of captives (industrial insured, special purpose, SPFI, pooling, branch, agency) as of 2025
- 85
- Types of captives allowed
-
- Single parent captives
- Association captives
- Group captives
- Protected cell/segregated portfolio companies
- Risk retention groups
- Number of full-time employees in captive regulatory department
- Up to 28
-
Initial licensing and incorporating fees required by the domicile
?tooltip content
- Sign in to see more data
- Annual requirements
- Sign in to see more data
- Annual fees
- Sign in to see more data
- Premium tax rate
- Sign in to see more data
- Minimum capital (broken out by type of captive)
-
Class 1 (related risks): $125,000 USD
Class 2 (third party risks): After the first year if premium income is > $750,000 USD solvency margin is 20% on first $5 million USD of premium income and 10% after - Applicable Acts/Enabling Legislation
- Exempt Insurance Act CAP. 308A; Insurance Act CAP. 310; Financial Services Commission Act, 2010-21.
- Captive Administrator’s name and contact information
- Sign in to see more data
- Speed of licensing
- 3 weeks
- Regulator
- Sign in to see more data
- Address and contact information of Regulatory Department
- Sign in to see more data
- Website address
- https://www.fsc.gov.bb