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, prior year
151
Types of captives allowed
  • 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)

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