Offshore captive insurance may well be one of the most under-utilized areas in offshore financial services. They provide a substantial amount of benefits including:
According to Dominica’s Exempt Insurance Act, offshore exempt insurance business is the insurance business of a company:
The benefits of establishing an offshore captive insurance company under the Exempt Insurance Act include the following:
In order to obtain an offshore exempt or captive insurance license in Dominica, the following requirements must be satisfied.
The fees payable to the Government in respect of a license are as follows:
If you have any questions on the application for an exempt insurance license or the operation of such insurance in Dominica, please feel free to contact us.