Cayman Islands
The Cayman Islands is the world's second-largest captive domicile and the leader in healthcare-related medical malpractice captives. Governed by the Insurance Law of 2010, it offers a flexible legislative environment that aligns with global industry standards. Captives are primarily categorized under Class B, which is further divided into four subgroups based on the origin of net premiums.
Quick Facts
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Class B(i) General | US$100,000 |
| Class B(i) Long-term | US$200,000 |
| Class B(i) Composite | US$300,000 |
| Class B(ii) General | US$150,000 |
| Class B(ii) Long-term | US$300,000 |
| Class B(ii) Composite | US$450,000 |
| Class B(iii) General | US$200,000 |
| Class B(iii) Long-term | US$400,000 |
| Class B(iii) Composite | US$600,000 |
| Class C | US$500,000 |
Regulatory Framework
Insurance Act, 2010 (as amended)
Tax Environment
Tax-neutral jurisdiction with no corporate or personal taxes; additional regulatory capital may be required depending on the business plan.
Considering Cayman Islands for Your Captive?
Our consultants provide end-to-end guidance on domicile selection, feasibility, and formation. Let us help you determine if Cayman Islands is the right fit.