What fees are involved in setting up a captive in the District of Columbia?
A non-refundable fee of $500 is required with the application and a licensing fee of $300 will be assessed upon approval of the application. DISB will charge the applicant an additional fee (currently $3,200) if it deems it necessary to send the feasibility study to an independent actuary for review. The costs of professional services to complete the application, feasibility study and incorporate the entity can vary significantly based on the type of captive, the nature of the risks and the complexity of the program. In our experience, we have seen organizational costs vary between $25,000 and $250,000.
