Domicile Selection

Domicile selection is one of the most important factors to consider when forming a captive insurance company.

Items to consider when selecting the most appropriate domicile will include: captive statute, regulatory climate, taxation, infrastructure, compliance, investment objectives, and overall perception of the structure.

It is also important to analyze first year implementation and ongoing management costs to remain compliant in the jurisdiction you select for your captive insurance company.

Many jurisdictions require the captive to have at least one meeting per year within the jurisdiction, along with a local registered agent and a physical address. These requirements can often be handled by the captive management and legal service providers.

Today, the majority of U.S. jurisdictions have captive licensing laws and have either approved new captive legislation or amended their existing captive statutes – making it possible for the business owner to enjoy many of the benefits previously associated only with international domiciles.

Business owners may prefer the advantages of establishing their captive in the U.S., and there are now many attractive options to consider.

Safe Harbor Risk Advisors has the ability to implement captives in multiple domiciles. While many of the leading domiciles have favorable laws, no one jurisdiction offers the best solution for every client and every captive. Safe Harbor Risk Advisors’ expert team of independent, Best-In-Class advisors has the regulatory relationships, experience and knowledge to assist in the selection of the most appropriate domicile to generate the most favorable risk management, compliance, profitability, tax and legal results.