Domicile Wars: Continued growth expected entirely from Texas-based businesses

• Lone Star State has quietly grown into a significant captive domicile for large local corporates
• More than 70 captives now total more than $10.4bn in premium
• TxCIA pursuing group and cell legislation, as well as guarantees over DoI captive resourcing

The number of captives in Texas is expected to continue rising, despite the state having limited interest in attracting captives owned by businesses beyond its borders, sources have told Captive Intelligence.

Paul Phillips, partner and global captive network tax leader at EY, said there are a number of companies who are continuously looking at forming a captive, and many of these companies are within the borders of Texas.