Turks and Caicos

There is much that the Turks and Caicos Islands has to offer potential investors. The islands are diverse, from the main tourist centre of Providenciales to the more tranquil islands of North and Middle Caicos, the historic island of Salt Cay, to the nation’s capital Grand Turk and the fishing mecca South Caicos. Each island offers different experiences for visitors and a different set of opportunities for investors.

Sustainable development, mindful of the natural resources, is the country’s philosophy – yet the business opportunities are as endless as the many miles of beautiful beaches. The Turks and Caicos Islands is located in one of the most idyllic tropical settings in the world offering many incentives to relocate permanently or to establish a second home. The advantages of living and investing in the TCI are as clear as the crystal waters that surround it.

The Turks and Caicos Islands is located in the British West Indies, roughly 575 miles southeast of Miami and 30 miles south of the Bahamas. The cluster of about 40 islands rises off the ocean floor as a limestone plateau called the Caicos Head, creating shallow waters that drop to deep ocean beyond coral reefs. The geology creates diverse marine ecosystems with white sand beaches and waters of such bright blues they are visible from space.

English is the official language of the Turks and Caicos Islands.

English is the official language of the islands, but Spanish and French/Creole are also widely spoken.

Grand Turk is the capital of the Turks and Caicos Islands.

A UK Dependent territory, the Turks and Caicos Islands has their own internal government with a ministerial, democratic system.

The Turks and Caicos Islands follow on Eastern Standard Time.

The Turks and Caicos Islands follow the same time zone as the U.S. Eastern Standard Time: GMT–5

The islands also observe Daylight Savings Time.

More and more buyers of real estate in the Turks and Caicos Islands and Canadian.

There are no limitations to foreign ownership of land or property in the TCI, and no taxes on capital gains – making land and property an interesting investment proposition.

Grand Turk welcomes over 700,000 tourists per year.

Tourism began in earnest in the TCI in the mid-80s with the establishment of a Club Med resort on Providenciales. Today, Providenciales sees 360,000 stay-over visitors per year. In 2007, Carnival Cruise Lines opened the country’s first cruise port on Grand Turk, which now welcomes more than 700,000 tourists per year.

Financial services is the second largest industry after tourism in the TCI. The TCI has had legislation governing financial services since the 1970s, and is renowned as a corporate domicile for businesses, trusts, captive insurance and ship registry.