TCI is capitalising on its luxury tourism reputation and attracting record levels of FS industry investment to transform its economy, infrastructure and communities - emerging as a leading IFC with captive insurance, banking and trust services.
It sees the big picture - combining a business-friendly environment, five-star personalised services and clear regulatory framework with investors who want to use their wealth to help others and lay down roots in a growing island nation.
One of the main benefits of establishing a trust in TCI is the absence of inheritance, income, capital gains and property taxes. Unlike BVI or Cayman, TCI is a USD economy with a lower international profile as an FS location. You’ll join a growing number of ultra-wealthy families and individuals living and structuring their assets in the islands, which are renowned for discretion and confidentiality.
TCI is an attractive jurisdiction ready-made to guide family offices and private wealth management companies to a future of financial security. The islands deliver bespoke financial services such as provision of trusts, trustee services, foundations, property management, asset management and more – making them perfectly placed to empower affluent families and protect their multi-generational wealth.
The Turks and Caicos Islands are home to global accounting brands and corporate service firms. Whatever your specific requirements may be, you’ll have access to a wide range of top-end professionals who provide the full suite of offshore company incorporation and management services. These include provision of Directors, Shareholders and Registered Office and Registered Agent.
The banking sector is a cornerstone of TCI’s success in the FS space and is indicative of its strength, stability and security. The TCI banking sector is regulated by the FSC, with strict liquidity and captial requirements on all licenced banks, whether branches of international banks or domestic banks. Credit is concentrated in four economic sectors: household, construction and land development, tourism and professional services.
TCI is a global leader in offshore international insurance with 7,000+ licensed insurance companies. Several larger captive businesses are licensed in the islands, with the growth of the international captive insurance sector a key target. Foreign owned brokers and insurers primarily serve the domestic insurance market – with non-life insurers accounting for close to 90% of premium income.
TCI is home to several full-service and niche expertise law firms led by internationally-experienced lawyers and barristers. This network of quality professionals are experts at dealing with cross-border clients with assets and interests in multiple jurisdictions around the globe. As a British Overseas Territory, the legal system of the TCI is backed by English law and delivers unrivalled stability for investors.
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.