Captive Alternatives has experience working in many domiciles, both US based and foreign. Having discovered Puerto Rico and moved all our existing structures there in 2015, we can say authoritatively that it is the best private insurance domicile.

Puerto Rico is a territory of the United States, and has been since 1898, when it was acquired from Spain after the Spanish-American War. With its approximately 3.5 million residents, Puerto Rico is the most highly populated of all United States territories. People who are born in Puerto Rico are U.S. citizens.

As a domicile, Puerto Rico offers several advantages, some of them quite unique. The bilingual culture makes it an attractive domicile to many parts of Latin America, particularly businesses which also have U.S. operations. This makes Puerto Rico an ideal bridge between Latin America and the U.S. The domicile is also a regulated and accredited member of the National Association of Insurance Commissioners (NAIC), and the U.S. Federal Reserve, and in some cases the Federal Deposit Insurance Corporation (FDIC), protect Puerto Rican banks.

Puerto Rico’s territorial self-governance with the U.S. creates a “dual sovereignty” where some matters are governed by U.S. law while Puerto Rico law takes precedence in others, such as corporate and insurance laws. In particular, there is a separate and distinct Puerto Rico Internal Revenue Service.

Puerto Rico Incentives