Puerto Rico captive domicile overview
2025-10-31
A US territory with an NAIC-recognised framework; growing fast on redomestications from Bermuda and Cayman.
| Active captives | 34 international insurers/reinsurers (2023), plus ~481 protected cells |
| Premium volume | US$1.316 billion written/assumed premium (2023); total assets US$10.479 billion |
| Minimum capital | US$500,000 (Class 1 pure captive, capital and surplus each) |
| Annual licence fee | Application US$350 + Class 1 authorisation US$700; annual dues tiered by premium, min ~US$5,000/year |
| Tax treatment | 4% preferential rate on net income (0% on first US$1.2m by ruling); exempt from premium tax |
| Regulator | Office of the Commissioner of Insurance of Puerto Rico (OCI/OCS) |
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.