in Turks and Caicos Islands
Developing country with an open economy, favourable tax regime and no limitations to foreign ownership of property. Significant investment opportunities exist on many of our 40 islands and cays in the areas of tourism (resort and niche areas such as medical, eco and adventure), real estate development, financial services, light manufacturing, agriculture, technology andmari-culture.
The economy has recovered strongly since being hit hard by the global economic crisis.We now enjoy one of the fastest growth rates in the Caribbean; an annual budget surplus; and a Standard & Poors’ credit rating of BBB+. With a GDP growth of 5.94% in 2015, the Turks and Caicos is projected to experience economic growth of 4.4% in 2016, 4.3% in 2017 and 5.3% in 2018.
(TCIG GDP Report, 2014)
|S&P Sovereign Credit Rating of BBB+; high projected growth rates; and the US$ as our national currency.|
Government support at all levels, including the provision of investment incentives in priority sectors. No direct corporate, personal, capital gains or inheritance taxes. No exchange controls.
|Pro-Business Investment Climate|
|Extensive direct air routes, including up to 150 weekly flights to and from US and Canadian cities, and twice-weekly flights from UK.|
|Strong Legal System|
|A British Overseas Territory with a strong and effective judiciary based on English Common Law.|
|Effective Regulation and Compliance|
|well established Financial Services Commission, compliant with IMF, OECD and FATF standards; committed to US & UK FATCA, EU Directive and early adoption of the Common Reporting Standard;|
|Prime undeveloped land available for tourism and residential projects.|
|First Mover Opportunities|
|Many business sectors are underdeveloped.|
|Temporary and Permanent Residence status available to qualified investors.|
|A TCI student recently achieved ‘Top in the World’ for AS-level Mathematics from the Cambridge International Examinations body.|
|Excellent Quality of Life|
|40 beautiful islands*; world-class beaches; and great outdoor activities under the Caribbean sun.|
*Providenciales has been voted the best island in the world in TripAdvisor’s Traveller’s Choice Awards 2015
The Islands’ Investment Promotion Agency, Invest Turks and Caicos, is a statutory body which operates under the Encouragement of Development Ordinance and the 2012 Investment Policy which provide a framework for encouraging, prioritising and incentivising domestic and foreign investment. Determination of all incentives is at the discretion of the Turks and Caicos Government (TCIG).
|The specific objectives of the Investment Policy 2012 are to:|
|Investment incentives to be provided by TCIG to both domestic and foreign investors will concentrate on:|
|Prospective investors are invited to contact Invest Turks and Caicos – details below.Its main activities are:|
|The Agency provides free and confidential advice and support, including:|
The Agency can also advise and support applications for permanent residency on the islands through investment in a property or a business.