NU Online News Service, March 8, 1:46 p.m. EST
The U.S. captive industry may be undergoing some changes with a new trend towards domiciling in a company’s resident state, according to a captive expert.
He notes, “There’s not an up-and-coming domicile as much as there is a trend, for many reasons, to domicile in your home state.”
New York, he adds, was ahead of the curve in that all its captives are now New York-based companies. In fact, the one New Jersey-based captive has relocated to New Jersey, he says.