Luxembourg

 
Year captive legislation was passed
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Total number of captives as of year-end 2022
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Total gross premium written and assets under management (AuM) as of year-end 2021
Gross premium: EUR €12bn; AuM: EUR €25.6bn
Types of captives allowed
  • Single parent captives
  • Group captives
Number of full-time employees in captive regulatory department
70
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)

Reinsurance captives: EUR 1.2 million
Commercial reinsurer: EUR 3.6 million

Applicable Acts/Enabling Legislation
Modified Insurance Law of 7 December 2015; Modfied CAA Regulation N° 15/03 of 7 December 2015.
Captive Administrator’s name and longevity in position
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Speed of licensing
3-6 months
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://www.caa.lu