Anguilla Hot To Form Captive Domicile Anguilla, a British territory in the Caribbean, has drafted an insurance act that would establish the tax-friendly island as a captive insurers domicile, said Anguillas financial services director.
“We have legislation in draft form at the moment,” said John Lawrence, director of financial services for the government of Anguilla. The legislation could be passed “hopefully by the first half of this year,” he said.
The act, which would regulate both domestic and foreign insurance businesses, would allow pure captives and protected cell captives, “which is an enhancement for captives,” he said.
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