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Onshore (USA)
New Jersey
New Jersey is an accessible domicile for Fortune 500 companies, regulated by the DOBI commissioner who actively seeks to modernize the market. The state enacted its legislation in 2011 and requires captives to hold at least one board meeting in the state per year. The commissioner holds discretionary authority to increase capital requirements based on the volume and nature of insurance.
Quick Facts
Jurisdiction
Onshore (USA)
Legislation
New Jersey Captive Legislation (2011)
Tax Environment
$200,000 maximum annual tax
Financial Requirements
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Pure | $250,000 |
| Industrial / Sponsored | $500,000 |
| Association | $750,000 |
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Regulatory Framework
New Jersey Captive Legislation (2011)
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Tax Environment
$200,000 maximum annual tax
Considering New Jersey for Your Captive?
Our consultants provide end-to-end guidance on domicile selection, feasibility, and formation. Let us help you determine if New Jersey is the right fit.