Domicile Selection

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

What is the best domicile?

IT DEPENDS.