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Onshore (USA)
Utah
Utah is a leading domicile for technological advancement, handling all annual filings and applications via a smooth online portal. A major selling point is that Utah does not impose any state or premium taxes, charging only a flat annual fee. Recent statutory amendments allow captives to cover punitive damages, provided they do not arise from criminal acts.
Quick Facts
Jurisdiction
Onshore (USA)
Legislation
Utah Insurance Code
Tax Environment
No premium or state tax; flat annual fee of $6,375
Financial Requirements
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Pure | $250,000 |
| Association | $750,000 |
| Industrial Insured | $700,000 |
| Sponsor | $500,000 |
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Regulatory Framework
Utah Insurance Code
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Tax Environment
No premium or state tax; flat annual fee of $6,375
Considering Utah for Your Captive?
Our consultants provide end-to-end guidance on domicile selection, feasibility, and formation. Let us help you determine if Utah is the right fit.