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Offshore
Panama
Captive insurance in Panama is subject to Law 60 of 1996, which distinguishes between long-term life risks and general risks. In Panama, local risks are generally not insurable; the law focuses on foreign risks managed from a physically identified office in Panama. Obtaining a license is a two-stage process involving legal vehicle registration followed by a superintendent license request.
Quick Facts
Jurisdiction
Offshore
Legislation
Law 60 of 1996
Tax Environment
$2,000 annual service fee
Financial Requirements
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| General Risks | $150,000 |
| Long-term Risks | $250,000 |
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Regulatory Framework
Law 60 of 1996
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Tax Environment
$2,000 annual service fee
Considering Panama for Your Captive?
Our consultants provide end-to-end guidance on domicile selection, feasibility, and formation. Let us help you determine if Panama is the right fit.