CICA > Domiciles > St. Lucia

St. Lucia

 
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Year captive legislation was passed
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Types of captives allowed
  • Single parent captives
  • Protected cell/segregated portfolio companies
Number of full-time employees in captive regulatory department
2
Initial licensing and incorporating fees required by the domicile

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Annual fees
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Premium tax rate
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Minimum capital (broken out by type of captive)
  • Class A(1): The greater of USD 100,000 and 10 percent of net retained annual premium
  • Class A(2): The greater of USD 150,000 and 20 percent of the first USD 5 million of net retained annual premium plus 10 percent of any net retained annual premium in excess of USD 5 million
  • Class B: USD 150,000
  • Class C(1): The sum of the margin required for Classes A(1) and B
  • Class C(2): The sum of the margin required for Classes A(2) and B
Applicable Acts/Enabling Legislation
International Insurance Act, Chapter 12.15; International Banking Act, Chapter 12.17; International Mutual Funds Act, Chapter 12.16
Captive Administrator’s name and longevity in position
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Speed of licensing
60 days
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://www.fsrastlucia.org