Malta

 
Total number of active captives
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Number of active captives (group/association)
8
Gross written premium for all captives
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Total number of active captives, prior year
10
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
Premium tax rate
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Premiums to surplus
Solvency margin set in accordance with European Union directives.
Minimum capital (broken out by type of captive)

€2.5 million to €3.7 million depending on class for general insurance business; €3.7 million for long term business; €1.2 million for business of reinsurance.

Applicable Acts/Enabling Legislation
Insurance Business Act. Insurance Business Regulations (companies carrying on business of affiliated insurance). Companies Act (Cell Companies Carrying on Business of Insurance) Regulations.
Captive Administrator’s name and longevity in position and also within department
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Time given for application process
10 weeks
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://www.mfsa.com.mt