public Offshore

Panama

Captive insurance in Panama is subject to Law 60 of 1996, which distinguishes between long-term life risks and general risks. In Panama, local risks are generally not insurable; the law focuses on foreign risks managed from a physically identified office in Panama. Obtaining a license is a two-stage process involving legal vehicle registration followed by a superintendent license request.

Quick Facts

Jurisdiction
Offshore
Legislation
Law 60 of 1996
Tax Environment
$2,000 annual service fee
Financial Requirements

Minimum Capital & Surplus

Structure Type Minimum Capital
General Risks $150,000
Long-term Risks $250,000
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Regulatory Framework

Law 60 of 1996

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Tax Environment

$2,000 annual service fee

Detailed Profile

Regulatory & Statistical Profile

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Statistical profile pending verification for this domicile.

checklist Authorized Captive Structures

List of authorized captive structures pending verification.

payments Fees & Solvency Compliance

Year Legislation Passed
Pending verification
Licensing Speed
Pending verification
Premium Tax Rate
Pending verification
Incorporation / Initial Fee
Pending verification
Annual Maintenance Fee
Pending verification
Annual Filing Requirements
Pending verification

gavel Regulatory Contact Office

Supervisory Authority
Pending verification
Office Address
Pending verification
Regulatory Department Staff
Pending verification
Captive Administrator
Pending verification

Considering Panama for Your Captive?

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