Barbados
- Year captive legislation was passed
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- Total number of captives as of year-end 2024
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- Total new captives in 2024
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- Number of pure / single parent captives as of 2024
- 159
- Number of sponsored / cell company captives as of 2024
- 14
- 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
- 8
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Initial licensing and incorporating fees required by the domicile
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- Annual filing requirements
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- Annual fees
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- Premium tax rate
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- Minimum capital (broken out by type of captive)
-
Class 1 (related risks): $125,000
- Applicable Acts/Enabling Legislation
- Exempt Insurance Act CAP. 308A; Insurance Act CAP. 310; Financial Services Commission Act, 2010-21.
- Captive Administrator’s name and longevity in position
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- Speed of licensing
- 3 weeks
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.fsc.gov.bb