Virginia
Virginia law permits both stock and non-stock captive incorporations, with non-stock entities requiring a higher $4 million surplus. Association captives must demonstrate that they have been in existence for at least one year, unless each member contributes over $100,000 in gross annual premium. Pure captives are required to show aggregate annual premiums of at least $500,000.
Quick Facts
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Stock Company | $1M Capital / $3M Surplus |
| Non-Stock Company | $4M Surplus |
Regulatory Framework
Chapter 11, Title 38.2
Tax Environment
2.25% premium tax rate on gross written premiums
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
Considering Virginia for Your Captive?
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