Nevis
- Total number of active captives
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- Number of active captives (pure)
- 114
- Number of active captives (group/association)
- 41
- Gross written premium for all captives
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- Total number of active captives, as of 12/31/2018
- 151
- Types of captives allowed
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- Single parent captives
- Association captives
- Group captives
- Microcaptives set up using 831(b) regulations*
- Annual fees
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- Premium tax rate
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- Minimum capital (broken out by type of captive)
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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
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- Time given for application process
- 10-14 days
- Regulator
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- Address and contact information of Regulatory Department
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- Website Address
- https://www.nevisfsrc.com