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Offshore
Cayman Islands
The Cayman Islands is the world's second-largest captive domicile and the leader in healthcare-related medical malpractice captives. Governed by the Insurance Law of 2010, it offers a flexible legislative environment that aligns with global industry standards. Captives are primarily categorized under Class B, which is further divided into four subgroups based on the origin of net premiums.
Quick Facts
Jurisdiction
Offshore
Legislation
Insurance Act, 2010 (as amended)
Tax Environment
91% of captive business originates from the US
Financial Requirements
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Class B(i) General | US$100,000 |
| Class B(i) Long-term | US$200,000 |
| Class B(i) Composite | US$300,000 |
| Class B(ii) General | US$150,000 |
| Class B(ii) Long-term | US$300,000 |
| Class B(ii) Composite | US$450,000 |
| Class B(iii) General | US$200,000 |
| Class B(iii) Long-term | US$400,000 |
| Class B(iii) Composite | US$600,000 |
| Class C | US$500,000 |
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Regulatory Framework
Insurance Act, 2010 (as amended)
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Tax Environment
91% of captive business originates from the US
Considering Cayman Islands for Your Captive?
Our consultants provide end-to-end guidance on domicile selection, feasibility, and formation. Let us help you determine if Cayman Islands is the right fit.