Definitions of domicile of choice
the place where a company has chosen to be based
Bermuda was the domicile of choice for 57 percent of Insurance Linked Securities in 2014.
the place where a person has chosen to live, rather than the place where they come from. The term is often used in connection with taxation.
An application for a Cayman domicile of choice requires you to form the intention to remain in Cayman permanently or indefinitely.