The UK has no dedicated captive regime yet. PRA + FCA published consultation papers (CP11/26 + CP26/29) in July 2026 to establish a proportional captive framework, with first local captives expected 2027–2028. Meanwhile, 300+ UK multinationals have offshore captives in Guernsey, Bermuda, Luxembourg. Source: PRA/FCA + IUA.
14
Active
300+
UK-Owned Offshore Captives (IUA 2025
19%
Standard Corporate Tax Rate (2026/27)
PRA + FCA
Regulator
2027+
First Local Captives Expected
2027+
Captive Framework Reform
UK Domestic Captive Forecast
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 |