The Isle of Man is located in the Irish Sea between the UK and Ireland and is a British Crown dependency; but with its own laws and parliament. The island has structured itself as a leading financial services centre offering a flexible yet robust regulatory regime and actively promoting the use of captives and alternative risk financing mechanisms.
The Isle of Man permits captives under its principle legislation being The Insurance Act 2008 along with parallel legislation for Protected Cell Companies and Incorporated Cell Companies. The legislation allows for significant intercompany loans (subject to set criteria) and the island has a 0/10 taxation policy approved by the EU with captives benefiting from 0% corporation tax.
There are around 135 insurance entities in the island, all being regulated by the Isle of Man Financial Services Authority http://www.iomfsa.im