Monkton Insurance Services Limited


Costs of establishing and operating a captive insurance company in the Cayman Islands

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Establishment Costs (in US Dollars)

Insurance Licence Application Fee            $9,000
 (and first year licence fee)

Legal and Professional Fees                  $4,000

Government Incorporation Fee                   $500

Total                                       $13,500

Operating Costs (in US Dollars)

Insurance Licence Fee                        $9,000

Audit Fee                                   $10,000

Corporate Secretarial Fee                      $750

Captive Management Fee (from)               $20,000

Annual Government Fees                         $500

Communications Costs                         $1,000

Annual Meeting Expenses                      $2,000

Total                                       $43,250

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