Federated States of Micronesia (FSM) is a Pacific island captive hub with strong U.S. financial ties (FDIC, USD). 20+ Japanese-parent captives registered here, known as "Japan's Pacific captive hub". Source: FSM Insurance Board Register + Pacific Insurance Conference.
20
Active (DB covers 9/20
100%
Japanese Parent Ratio
$1M
Minimum Capital Requirement
FSM Insurance Board
Regulator
$3.38亿
Cumulative Corp Tax Since 2011 ( 2011 ) (FSM Treasury 2024
1985
Captive Framework Enacted
FSM Captive Companies
FSM Active Captives
Key Captive Companies
| # | Company Name | Domicile | License Year |
|---|---|---|---|
| 1 | CNPC Captive (Baidu) Insurance Co., Ltd. | Beijing | 2013 |
| 2 | China Railway Captive Insurance Co., Ltd. | Beijing | 2015 |
| 3 | COSCO Shipping Captive Insurance Co., Ltd. | Shanghai | 2017 |
| 4 | Guangdong Energy Captive Insurance Co., Ltd. | Guangzhou | 2017 |