Insurance Company

There are a number of offshore jurisdictions that encourage the establishment of insurance companies. In a number of offshore areas it is possible to incorporate insurance companies that pay no tax in respect of their premium or investment income. Similarly, captive insurance companies have been created by many multinational companies to insure and re-insure risks of subsidiaries and affiliated companies. Captive insurance companies are particularly suitable for industries that might be insurable only at prohibitive premiums, or risks that would otherwise be uninsurable.

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