Hong Kong

 
Total number of active captives
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Number of active captives (pure)
4
Total number of active captives, prior year
3
Types of captives allowed
  • 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)

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 and also within department
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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