International offshore domiciles gaining captives.(Captive Report)

From: Business Insurance | Date: April 27, 1998| Author: | Copyright information

Captive formation is growing in international offshore domiciles as favorable tax climates, lower costs of business, and strategic locations continue to attract captives to these markets. In 1997, British Virgin Islands gained 18 captives, Turks & Caicos Islands added seven, while Cyprus increased its captives by six. Switzerland gained one captive insurer in 1997, Bahamas licensed two more, Jersey added four, Gibraltar attracted two, and Labuan, Malaysia had one new captive during the year.

British Virgin Islands

The British Virgin Islands is seeing more interest in captive formations ...

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