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Onshore
New Zealand
New Zealand does not have specific captive-only legislation, instead governing all insurance through the IPSA 2010 act. Captives are explicitly exempt from the financial strength rating requirements that apply to traditional insurers. To obtain a license, a captive must demonstrate 'fitness for business' and the capacity to manage its specific risks.
Quick Facts
Jurisdiction
Onshore
Legislation
Insurance (Prudential Supervision) Act 2010
Tax Environment
Captives with no NZ business may fall outside IPSA scope
Financial Requirements
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Requirement | Must demonstrate sufficient financial strength |
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Regulatory Framework
Insurance (Prudential Supervision) Act 2010
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Tax Environment
Captives with no NZ business may fall outside IPSA scope
Considering New Zealand for Your Captive?
Our consultants provide end-to-end guidance on domicile selection, feasibility, and formation. Let us help you determine if New Zealand is the right fit.