As a British Overseas Territory, the Turks & Caicos Islands (TCI) is rapidly gaining recognition as a premier jurisdiction for the establishment and management of trusts. The region’s professional trust services sector, supported by clear trust legislation and an efficient judicial system, continues to evolve to meet the unique needs of its international clients. By utilising trusts, funds, and corporate structures, TCI offers innovative wealth management solutions while ensuring full compliance with international regulatory standards.
One of the key advantages of establishing a trust in TCI is the absence of inheritance tax, income tax, capital gains tax, and property tax, making it a highly attractive option for asset protection and estate planning. Unlike other offshore jurisdictions such as the British Virgin Islands (BVI) or Cayman Islands, TCI operates within a USD economy, offering a discreet, lower international profile while maintaining a reputation for confidentiality and privacy.
This combination of advantages has led an increasing number of high-net-worth individuals (HNWI) and ultra-wealthy families to structure their assets in TCI, confident in the jurisdiction’s ability to deliver best-in-class trust management and wealth protection outcomes.
The Turks & Caicos Islands (TCI) stands out as a premier offshore jurisdiction for family offices and private wealth management companies seeking long-term financial security. TCI offers bespoke financial services tailored to affluent families, including the establishment of trusts, trustee services, private foundations, property management, and comprehensive asset management solutions.
Specialising in the preservation and growth of multi-generational wealth, TCI’s financial service providers offer expert guidance on estate planning, tax optimisation, and regulatory compliance. The jurisdiction’s favourable tax environment, political stability, and strong legal framework based on English common law make it a top choice for wealth protection and financial management.
For family offices looking to relocate or establish a base in a secure, well-regulated jurisdiction, TCI provides access to top-tier professionals in trust law, fiduciary services, and real estate management. This makes the Turks & Caicos Islands an ideal location for safeguarding wealth and ensuring personalised, strategic financial planning for future generations.
Accounting & Corporate Services
The Turks & Caicos Islands Financial Services Commission (FSC) is responsible for regulating company management and corporate services in the Islands, overseeing licensing, supervision, and enforcement. The jurisdiction is home to numerous corporate services firms and global accounting brands, offering extensive expertise in entity formation, incorporation, and ongoing management.
These firms provide a full suite of services, including the provision of Directors, Shareholders, Registered Office, and Registered Agent, as well as maintaining statutory records like registers and minute books. Additionally, they assist with the preparation and filing of Economic Substance Notifications and Returns, ensuring businesses meet all regulatory requirements.
With access to a wide range of top-tier professionals, the TCI offers comprehensive solutions tailored to meet diverse business needs in offshore company incorporation and management.
The banking sector in the Turks & Caicos Islands (TCI) is a cornerstone of the financial services industry, providing strength, stability, and security. Regulated by the TCI Financial Services Commission (FSC), the sector adheres to stringent liquidity and capital requirements, ensuring robust financial oversight for both international and domestic banks.
TCI’s banking services are tailored to key sectors, including household finance, construction and land development, tourism, and professional services. This well-regulated environment makes the TCI banking sector a reliable and secure option for investors and businesses seeking financial solutions in a stable offshore jurisdiction.
The Turks & Caicos Islands (TCI) is a recognised hub for international insurance, providing a favourable framework for small to medium captives and specialised expertise in warranty captives and Portfolio Insurance Arrangements (PARCs). Despite facing growing competition, TCI’s insurance sector continues to thrive with a streamlined licensing process and a responsive regulatory framework overseen by the Financial Services Commission (FSC).
TCI is a global leader in offshore insurance, boasting over 7,000 licensed insurance companies, including several large captive insurance businesses. The international captive insurance sector in TCI is positioned for significant growth, attracting investors and businesses from around the world. Foreign-owned brokers and insurers also play a significant role in the domestic insurance market, where non-life insurers account for nearly 90% of premium income.
Local professional services firms in TCI provide expert support, enabling captive owners to create customised solutions for their specific business needs while maintaining regulatory compliance. With its specialised knowledge and strong regulatory backing, TCI stands as a competitive force in the global insurance landscape, offering a secure and efficient environment for offshore insurance companies.
The Turks & Caicos Islands (TCI) boasts a thriving network of full-service and niche law firms, staffed by internationally experienced lawyers and barristers specializing in offshore legal matters. These top-tier legal professionals excel in managing cross-border clients with assets and interests spanning multiple jurisdictions, providing tailored legal solutions for high-net-worth individuals and corporations.
As a British Overseas Territory, the TCI operates under English common law, ensuring a high level of legal stability and security for investors. Whether you are interested in offshore company formation, asset protection, trust law, or real estate transactions, TCI law firms offer a comprehensive range of services to address your specific offshore legal needs.
With substantial expertise in cross-border litigation, regulatory compliance, and international tax planning, TCI’s legal professionals provide seamless support for complex, multi-jurisdictional matters. The jurisdiction’s combination of English law, political stability, and expert legal talent makes it a premier destination for offshore legal services.
The legislative framework in the TCI supports regulated mutual funds and private funds allowing the flexibility to align the fund structure to the investment strategy and the underlying investors. The fund industry is a rapidly growing and developing sector of TCI’s financial services landscape, enabling the creation and operation of funds that outperform global markets.
Some of the top talent from major law firms in traditional financial centres are moving to the TCI where they can deliver innovative and robust solutions for their clients and enjoy the significant benefits of a healthy work-life balance in such an exceptional environment.
