Vital statistics:

Local name for the service:

Segregated Portfolio Company (SPC)

Date cell captive legislation was passed:

2002

Total number of cell companies:

9

Total number of individual active cells:

18

Capitalisation requirements:

Same as an insurance company: general insurance $100,000; long-term insurance $200,000

Licensing Fees:

$5,000 per segregated portfolio company

Tax regime for cell companies/cells:

None

Regulatory contact name:

Elton Lettsome

Regulatory contact details:

Acting Director of Insurance, Financial Services Commission, British Virgin Islands Tel: +1 284 494 1324 / 4190 (Ext. 4071) Fax: +1 284 494 5016 Email: lettsomee@bvifsc.vg

PCCs in BVI:

View manager contact details