Where should your PIC be domiciled?
Private Insurance Companies can be formed nearly anywhere in the world. We’ll assist you in selecting the domicile that is best for you.
A few items to consider when making domicile selection are:
- Capitalization requirements
- Solvency requirements
- Travel requirements
- How often are you required to travel to the domicile?
- How easy/difficult is it to travel to the domicile?
- As long as you’re in the domicile, what else can you do? (golf, ski, fish, etc.)
- Additional expenses
- Premium taxes and/or license renewal fees
- Corporation / Registrar fees
- Annual reports, annual audits, annual actuarial loss reviews