CICA > Domiciles > U.S. Virgin Islands

U.S. Virgin Islands

 
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Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Risk retention groups
  • Special purpose captives
  • Special purpose financial captives
Number of full-time employees in captive regulatory department
1
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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Minimum capital (broken out by type of captive)

single parent, not less than $75,000; industrial insured (stock), not less than $100,000; industrial insured (mutual), not less than $100,000; association international stock, not less than $125,000; association international insurer, not less than $125,000. Surplus: single parent, not less than $100,000; industrial insured (stock), not less than $125,000; industrial insured (mutual), not less than $125,000; association international stock, not less than $250,000

Applicable Acts/Enabling Legislation
Virgin Islands International Insurers Act No. 7569 Title 22, Chapter 55 V.I. Code. Alternative Market Act No. 7147 Title 22, Chapter 66 V.I. Code.
Captive Administrator’s name and longevity in position
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Speed of licensing
45 days
Regulator
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Address and contact information of Regulatory Department
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Website Address
https://www.ltg.gov.vi