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Onshore (USA)
Virginia
Virginia law permits both stock and non-stock captive incorporations, with non-stock entities requiring a higher $4 million surplus. Association captives must demonstrate that they have been in existence for at least one year, unless each member contributes over $100,000 in gross annual premium. Pure captives are required to show aggregate annual premiums of at least $500,000.
Quick Facts
Jurisdiction
Onshore (USA)
Legislation
Chapter 11, Title 38.2
Tax Environment
2.25% premium tax rate on gross written premiums
Financial Requirements
Minimum Capital & Surplus
| Structure Type | Minimum Capital |
|---|---|
| Stock Company | $1M Capital / $3M Surplus |
| Non-Stock Company | $4M Surplus |
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Regulatory Framework
Chapter 11, Title 38.2
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Tax Environment
2.25% premium tax rate on gross written premiums
Considering Virginia for Your Captive?
Our consultants provide end-to-end guidance on domicile selection, feasibility, and formation. Let us help you determine if Virginia is the right fit.