Dubai licensed one new captive in 2023, taking the total number of captives domiciled in the jurisdiction to five, compared to four in 2022.
There were zero dissolutions in 2023, compared to one dissolution the year previous.
Assets under management (AuM) almost doubled in 2023 to $550m, compared to $280m in 2022.
Annual premium increased to $71m in 2023, up from $70m in 2022.
The one new captive licensed this year was a single parent captive, with all five captives domiciled in Dubai registered as single parent captives.