CICA > Domiciles > Puerto Rico

Puerto Rico

 
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Year captive legislation was passed
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Total number of captives as of year-end 2025
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Number of pure / single parent captives as of 2025
4
Number of group / association captives as of 2025
1
Number of sponsored / cell company captives as of 2025
12
Number of individual cells / series as of 2024
322
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Special purpose captives
  • Special purpose financial captives
Number of full-time employees in captive regulatory department
2
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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Premiums to surplus
For Class 1 pure captives: 5:1 or amount adjustable by surplus premium relationship to exposure; for Class 2 association captives: 5:1 or 3:1 regarding third party risk; for Class 3 protected cell company: 3:1.
Minimum capital (broken out by type of captive)

Minimum: $500,000 for Class 1 pure captives; $500,000 for Class 2 association captives; $500,000 Class 3 protected cell companies; No statutory requirement for protected cells.

Applicable Acts/Enabling Legislation
Puerto Rico Insurance Code, as amended by Public Law Nos.399 and 400, signed Sept. 22, 2004, and effective March 22, 2005, as amended by Public Law 98 signed June 20, 2011, effective January 1, 2012; as amended Public Law 39 of March 18, 2014, effective April 17, 2014. Rules 80,81,82 and 100.
Captive Administrator’s name and contact information
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Speed of licensing
20 days
Regulator
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Address and contact information of Regulatory Department
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