Turks & Caicos

Geographic location:
Caribbean
Population:
15,000
Native Language:
English
Currency:
U.S. Dollar
Political Status:
U.K. Overseas Territory
Legal System:
British Common Law

TURKS & CAICOS
COMPANY FORMATION

First Year
Incorporation cost USD 2,500^*

Second Year
Maintenance cost USD 1,250

OFFSHORE COMPANY - TURKS & CAICOS
Turks and Caicos Islands (TCI) are a group of islands situated in the Caribbean southeast of the Bahamas. The islands are politically stable and have their own government since the Constitution was introduced in 1976. They remain a British Colony to date. Turks and Caicos Islands pride itself with a small but vibrant open economy, which depends largely on tourism and the offshore finance industry. It has modern telecommunication systems. There is no exchange control and double tax treaties.

Exempt Company
The Exempt Company is the most commonly used body corporate for international trade and investment purposes. There is no taxation other than the fixed yearly Government Fee. This type of company may also obtain a guarantee against the imposition of the future taxation, or increased government fee for 20 years from the date of incorporation. Under the Turks and Caicos Island Companies (Amendment) Ordinance 2001, if bearer shares are issued they must either be held by a licensed custodian, held by the Registered Agent or the Registrar must be notified of the custodian of the bearer share certificates.