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From our connectivity with major markets and extensive professional network to our excellent lifestyle offering and high-end, low-density environment, TCI is open for business and ready to welcome you. Come and join our rapidly-growing community of businesses, family offices, investors and high-net-worth individuals.
If you want to love where you invest, deal with good people and grow your wealth responsibly, TCI is the perfect place. With an unmatched reputation for luxury tourism, connectivity to major markets, excellent infrastructure and exceptional quality of life - ‘TCI can be your next life-changing opportunity.
The Turks and Caicos Islands consist of 40 islands and cays, nine of which are inhabited. With 224 miles of fine, powdery sand beaches, calm turquoise water and the third-largest coral reef in the world, the Islands revel in stunning natural attributes - but the benefits to investors go far beyond its sustainable environment.
With a booming tourism and financial services economy, stable USD currency and one of the fastest GDP growth rates in the Caribbean, TCI is a perfect fit for any potential investors. The islands have an annual budget surplus, S&P credit rating of BBB+ and are closely connected to major markets across the world.
TCI provides investors with favourable economic conditions, political and economic stability and security from its status as a British Overseas Territory. The legal system is backed by UK law, with the ultimate Court of Appeal the Privy Council in London. Its strong economy drives stability with an estimated annual growth rate of 5.3%.
Investors and businesses based in the Turks and Caicos Islands can make the most of some major tax benefits. There are no direct taxes in TCI - no income tax, corporation tax or inheritance tax. There is only a very a modest payroll tax to support National Insurance and National Health.
Investors need an exceptional place to live, as well as work. TCI makes it easy to balance the personal and the professional - combining stunning beaches, five-star hotels and restaurants, top-quality schools and healthcare with access to the top professionals in financial services and 100+ direct flights to the US, Canada and UK each week.
TCI provides a modern, effective framework for the FS sector - with rapid company incorporation and filings alongside regulatory support for captive insurance, family office, investment fund and trust & fiduciary sectors. The islands offer a discreet, modern operations location, with competitive licensing, regulatory and capital costs.
TCI’s banking sector is characterised by a combination of strong international and domestic brands, with top tier accountancy and law firms offering best in class professional services. The reliable national power grid delivers world-class internet speeds, with FS businesses benefiting from a well-educated population for quality employees.
The TCI Government has identified FS as a key target for growth, with incentives to new entrants and businesses ready to invest - . Applications for regulatory licences from applicants will be prioritised and supported by TCI Finance.
A fresh start in next-gen financial services.
The TCI Government is putting a major growth focus on the FS sector - opening up major opportunities for investors, family offices and businesses. If you’re looking for a clean slate and the chance to shape your future on a growing island with a captive audience of high-net-worth individuals, you can make it happen here.
With a luxury tourism product attracting new wealth and UHNW individuals, the Turks and Caicos Islands is the finance centre for future success. With a clear plan for sustainable growth in place, it’s never been easier or more beneficial for investors to set up shop in a location where they can secure their legacy and financial future.
To be eligible for a Permanent Residence Certificate (PRC) by investment, investors need to invest: at least $750,000 in the islands of Grand Turk, Salt Cay, North Caicos, Middle Caicos or South Caicos, or at least $1,500,000 in Providenciales and the other islands and cays. In both cases, at least 60% of employees must be Turks and Caicos Islanders. Qualifying investors in the FS sector may be eligible for special terms if they meet the criteria set by the TCI Government. The applicant’s spouse and children may be endorsed onto the PRC, which will permit them to reside in TCI.
The Turks and Caicos have a substantial licensed and regulated company management profession. Many experienced and knowledgeable advisors are available to set up companies, funds, limited partnerships, protected cell companies and companies limited by guarantee. The costs vary depending on the complexity of the structure - but overall professional costs are considerably lower than other jurisdictions in the region, a list of company managers can be found at the Turks and Caicos Islands Financial Service Commission.
Work permits can be issued based on the skills needed in The Turks and Caicos Islands. If an investor doesn’t meet the investment requirements above, it’s still possible to be granted a work permit for a company the investor sets up on the island. The TCI Government is also prepared to offer guaranteed renewable work permits to qualified applicants in the financial services sector - but will continue to impose certain restrictions on operating businesses to manage employment opportunities for citizens of the islands.
The TCI Government puts a major focus and public resource into education to deliver a qualified pool of residents. As a result, there is a wealth of professional administrative, accounting and financial services staff available on the islands. If incoming businesses are unable to source suitable employees locally, or if specialist skills are required, concessions can be granted to enable qualified businesses to bring in their teams. All TCI asks is that there is a plan in place to recruit, train and upskill local employees in due course.
With TCI’s ‘open for business’ mentality, various incentives, grants and waivers may be available to eligible investors based on the nature of their business. Invest Turks and Caicos Agency, the country’s primary Investment Promotion Agency, provides a framework for encouraging and prioritising domestic and foreign investments.
Incentives include:
• Alleviation of essential “fixed investment costs” for qualified investments
• Reduced import duties on “fixed investment costs” for qualified investments and new industries
TCI enjoys duty-free access to Canadian markets under CARIBCAN and privileged access to EU markets. It’s an Associate member of CARICOM eligible for designation as a beneficiary country under the Caribbean Basin Initiative of the United States.
When it comes to wealth management and financial services, you can have it all in TCI. Put your faith in the emerging leader in international finance and achieve your personal and professional goals while investing in somewhere you’ll love.