CICA > Domiciles > Turks & Caicos Islands

Turks & Caicos Islands

 
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Year captive legislation was passed
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Types of captives allowed
  • Single parent captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Microcaptives set up using 831(b) regulations*
Number of full-time employees in captive regulatory department
4
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)

$100,000 + adjustment for company size/business line

Applicable Acts/Enabling Legislation
16.01 Financial Services Commission Ordinance; 16.06 Insurance Ordinance; Companies Ordinance, Proceeds of Crime Ordinanceall applicable laws can be found at http://tcifsc.tc/legislation
Captive Administrator’s name and longevity in position
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Speed of licensing
4 weeks
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://www.tcifsc.tc