TMG Comments on Barbados As It Continues Global Domicile Trend By Increasing Costs Of Running A Captive

St. James, Barbados — As captive insurance domiciles fight to emerge from the global recession, some are increasing captive insurance company fees, capital requirements and taxes as a way to increase revenues and reduce deficits. Barbados, for one, will increase annual captive license fees from $2,500 to $10,000, retroactive to January 1.

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