Nevis

 
Total number of active captives
Sign in to see more data
Number of active captives (pure)
114
Number of active captives (group/association)
41
Gross written premium for all captives
Sign in to see more data
Total number of active captives, as of 12/31/2018
151
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Microcaptives set up using 831(b) regulations*
Annual fees
Sign in to see more data
Premium tax rate
Sign in to see more data
Minimum capital (broken out by type of captive)

The minimum capital requirements are: single owner, $10,000; multiple owners (2-4), $20,000; multiple owners (5 or more), $50,000. Please note that these minimum capital requirements may be increased depending on the risk based assessment of the respective captive.

Applicable Acts/Enabling Legislation
Nevis International Insurance Ordinance Revised as at December 2009; The Nevis International Insurance Regulations 2004; Nevis International Insurance Amendment Regulations, 2014
Captive Administrator’s name and longevity in position and also within department
Sign in to see more data
Time given for application process
10-14 days
Regulator
Sign in to see more data
Address and contact information of Regulatory Department
Sign in to see more data
Website Address
https://www.nevisfsrc.com