Federated States of Micronesia
Micronesia enacted its captive law in 2006 specifically to provide Japanese corporations with a conveniently located domicile under a responsive regulatory environment. Captives are required to file audited financial statements that can be prepared under US or Japanese GAAP. Beyond a low 0.05% premium tax, captives also file a simple annual income tax return computed at 21% of net income.
Quick Facts
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Single Parent / Group | $100,000 (subject to Commissioner increase) |
Regulatory Framework
2006 Captive Law
Tax Environment
0.05% premium tax; 21% net income tax
Regulatory & Statistical Profile
Statistical profile pending verification for this domicile.
checklist Authorized Captive Structures
List of authorized captive structures pending verification.
payments Fees & Solvency Compliance
gavel Regulatory Contact Office
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