Hong Kong
- 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
- Annual fees
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- Premium tax rate
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- Premiums to surplus
- None
- Minimum capital (broken out by type of captive)
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Capital requirement: the minimum paid-up capital is HK$2 million. Solvency requirement: the greatest of 5% of the net premium income; or 5% of the net claims outstanding; or HK$2 million.
- Applicable Acts/Enabling Legislation
- Insurance Ordinance, Chapter 41 of the Laws of Hong Kong
- Captive Administrator’s name and longevity in position
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- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.ia.org.hk