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  • TURKS AND CAICOS
  • Residency by Investment

TURKS AND CAICOS

British overseas territory, Turks and Caicos is an archipelago of islands in the Atlantic Ocean. The country has seven main islands and forty small uninhabited cays. Grand Turk and Providenciales are the two most inhabited areas and mostly these two islands host all the tourism and infrastructure. Turks and Caicos is famous for its luxury beaches, fantastic nature and climate, restaurants and shopping. The area of the island is 616.3 km² and has a population of approximately 35,000 people. Besides tourism and luxury infrastructure, Turks and Caicos is well known as an offshore financial center.

The qualification process of granting permanent residency is prescribed by Immigration Ordinance 2016 and Immigration Regulation 2016. According to those laws:

  • The applicant must be in full capacity and age
  • Must have a clean criminal record
  • Must have a good character and conduct
  • The governor has to decide, whether it is in public interest to grant the applicant the status of islander
  • Must not have any mental or communicable decease
  • Whether he/she brings any exception skill to the country
  • Must not be involved in any political activity that promotes or causes racism or any illegal activity within the island
Investment Required:
A)
  • The applicant must invest at least 300,000 USD in construction of a new home or in the renovation of a distressed real estate as a home for his/her dependents and for himself in the islands of Salt Cay, Grand Turk, Middle Caicos, South Caicos, North Caicos; or
  • The applicant must invest at least 300,000 USD in construction of a new home or in the renovation of a distressed real estate as a home for his/her dependents and for himself in any of the islands other than the islands of Salt Cay, Grand Turk, Middle Caicos, South Caicos, North Caicos; and
  • The applicant does not have to seek to engage in any gainful occupation without having a work permit
B)
  • The applicant must invest at least 750,000 USD in cash in an enterprise or in a business in the islands of Salt Cay, South Caicos, Grand Turk, Middle Caicos of North Caicos, which enterprise or business generates employment for persons of which not less than 60 % of its employees are non-work permit holders (the number can be determined in particular case by the governor)
  • The applicant must invest at least 1,500,000 USD in cash in an enterprise or in a business in any of the islands other than Salt Cay, South Caicos, Grand Turk, Middle Caicos of North Caicos, which enterprise or business generates employment for persons of which not less than 60 % of its employees are non-work permit holders (the number can be determined in particular case by the governor); and
  • The applicant does not have to seek to engage in any gainful occupation other than in such enterprise or business

The biggest advantages of the island are that there is no direct taxation in TIC and the passport can be obtained after 5 years of residence (British Overseas Territory Citizen-BOTC).

Capital

Cockburn Town

Location

Turks and Caicos is an archipelago of 40 low-lying coral islands in the Atlantic Ocean

Language

English

Currency

United States dollar (USD)

Government

Dependency under constitutional monarchy

Area

616.3 km2

Population

31,458

Time Zone

AST (UTC-4)

  • Reasons to choose Turks and Caicos?

    • Fantastic Nature and Climate
    • Multicultural environment as there are many residents from different countries
    • Growing Economy
    • Pro-business investment climate
    • No Income Taxes on revenue generated from property.
    • No Capital Gains Tax on property transfers.
    • No Corporate Taxes, Estate, Inheritance or Exchange Controls.
    • No direct taxation in TIC
    • Stable Political situation as Turks and Caicos is a British Dependent Territory
    • United States Dollars is a primary currency
    • Passport can be obtained after 5 years of residence (British Overseas Territory Citizen-BOTC).

CITIZENSHIP BY INVESTMENT PROGRAMS

ANDORRA

Residency By Investment

AUSTRALIA

Residency By Investment

BAHAMAS

Residency By Investment

BULGARIA

Residency By Investment

CANADA

Residency By Investment

COSTA RICA

Residency By Investment

GREECE

Residency By Investment

IRELAND

Residency By Investment

JERSEY

Residency By Investment

MALAYSIA

Residency By Investment

MONACO

Residency By Investment

MONTSERRAT

Residency By Investment

NETHERLANDS

Residency By Investment

NEW ZEALAND

Residency By Investment

PORTUGAL

Residency By Investment

SINGAPORE

Residency By Investment

SPAIN

Residency By Investment

SWITZERLAND

Residency By Investment

THAILAND

Residency By Investment

TIER 1 INVESTOR VISA UK

Residency By Investment

TURKS AND CAICOS

Residency By Investment

USA EB-5 VISA PROGRAM

Residency By Investment



 

ST. KITTS & NEVIS

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Tel
2227 3887


 

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Unit 35-3
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+60 (32) 110 9000

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