Bermuda captive domicile overview
2025-10-31
The world's No.1 offshore captive domicile and birthplace of the modern captive industry; first choice of large multinationals.
| Active captives | 633 licensed captives (year-end 2024; total assets over US$142 billion) |
| Premium volume | Approx. US$31 billion gross written premium (2023, BMA/KPMG) |
| Minimum capital | US$120,000 (Class 1 single-parent pure captive) |
| Annual licence fee | Approx. US$5,000/year (Class 1) |
| Tax treatment | Traditionally zero-rated; from 2025 a 15% corporate income tax applies only to large MNE groups (revenue >= EUR 750m) - most pure captives unaffected |
| Regulator | Bermuda Monetary Authority (BMA) |
Data updated October 2026, compiled from regulator statistics and industry sources (Captive Review, Business Insurance, etc.). Figures refer to the most recent available year; please refer to regulator disclosures for the latest data.