Cayman Islands
- Year captive legislation was passed
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- Total number of captives as of year-end 2022
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- Number of pure / single parent captives as of 2022
- 277
- Number of group / association captives as of 2022
- 127
- Number of sponsored / cell company captives as of 2022
- 155
- Total gross premium written and assets under management (AuM) as of year-end 2021
- Gross premium: USD $10,551,136,650; AuM: USD $39,748,160,940
- 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
- Number of full-time employees in captive regulatory department
- 27
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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)
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$100,000 for Class B(i) – at least 95% related business premium
$150,000 for Class B(ii) – over 50% related business premium
$200,000 for Class B(iii) – 50% or less related business premium - Applicable Acts/Enabling Legislation
- Refer to www.cima.ky/laws-and-regulations
- Captive Administrator’s name and longevity in position
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- Speed of licensing
- 6 weeks or less
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.cima.ky