Isle of Man Captive Insurance License
- Class 1 and 2: direct long-term insurance and reinsurance;
- Classes 3 to 9: direct general insurance and reinsurance;
- Class 10: long-term reinsurance;
- Class 11: general business reinsurance only;
- Class 12: related party business on both an insurance and reinsurance basis.
- Class 11: £100,000;
- Class 12: £50,000.
Requirements |
Description |
General |
|
|
Guernsey company, Protected cell company (PCC), Incorporated cell company (ICC), Limited partnership |
|
No |
Share capital or equivalent |
|
|
GBP 100,000 (Class 11) GBP 50,000 (Class 12) |
Directors |
|
|
2 |
|
Yes |
|
No |
Shareholders |
|
|
2 |
|
Yes |
|
No |
Service Providers Required |
|
|
Yes |
- Domicile for major blue-chip multinational organisations
- Proportionate and focused regulation
- Not an EU member state
- 0% Corporate Tax Rate
- OECD White Listed
- Re-domiciliation legislation
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers