There are a number of tax incentives offered by the Exempt Insurance Act:
- Exemption from tax on income and all withholding taxes.
- Exemption from all corporate taxes on capital gains or any tax on the transfer of assets or securities to any person.
- Personal tax concessions for specially qualified expatriate employees.
- Benefits and exemptions guaranteed for a period of thirty years.
- No requirements to file tax returns.
- Some tax treaties may apply.