public
Offshore
Federated States of Micronesia
Micronesia enacted its captive law in 2006 specifically to provide Japanese corporations with a conveniently located domicile under a responsive regulatory environment. Captives are required to file audited financial statements that can be prepared under US or Japanese GAAP. Beyond a low 0.05% premium tax, captives also file a simple annual income tax return computed at 21% of net income.
Quick Facts
Jurisdiction
Offshore
Legislation
2006 Captive Law
Tax Environment
0.05% premium tax; 21% net income tax
Financial Requirements
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Single Parent / Group | $100,000 (subject to Commissioner increase) |
info
Regulatory Framework
2006 Captive Law
account_balance_wallet
Tax Environment
0.05% premium tax; 21% net income tax
Considering Federated States of Micronesia for Your Captive?
Our consultants provide end-to-end guidance on domicile selection, feasibility, and formation. Let us help you determine if Federated States of Micronesia is the right fit.