Gibraltar
- Year captive legislation was passed
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- Types of captives allowed
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- Single parent captives
- Group captives
- Protected cell/segregated portfolio companies
- Special purpose captives
- 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 fees
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- Premium tax rate
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- Premiums to surplus
- As per the Solvency II Directive, Directive 2009/138/EC of the European Parliament and of the Council.
- Minimum capital (broken out by type of captive)
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Minimum requirements in accordance with Solvency II as transposed into the Financial Services Act 2019 and the Financial Services (Insurance Cos.) Regulations 2020, €2.5 million or €3.7 million for general business (depending on the classes of business authorized); or €3.7 million for long-term business.
- Applicable Acts/Enabling Legislation
- Financial Services (Insurance Companies) Act of 1987; Financial services (Insurance Companies)(Solvency II Directive) Act 2015; Protected Cell Companies Act 2001.
- Captive Administrator’s name and longevity in position
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- Speed of licensing
- 2-3 months
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.gfsc.gi