Captives
Gibraltar’s first captive insurance company was established in 1967 and so Gibraltar has been a captive domicile for over 50 years. A major consideration for a new captive owner when choosing a captive domicile is whether to establish the business onshore or offshore.
The capital requirements in Gibraltar being an onshore domicile are more onerous than offshore locations but captive owners wanting direct access to the UK market are prepared to invest to take advantage of the operating flexibility and benefits that Gibraltar offers.