Getting to Know the Turks & Caicos Islands
PROXIMITY AND AIRLIFT
Providenciales is just a three-hour flight from New York City and a 90-minute flight from Miami, with multiple connections from both cities and neighboring Caribbean airports. The airport receives direct flights from Toronto, Montreal, Ottawa, Boston, Philadelphia, Charlotte, Atlanta, Dallas, Houston, Chicago and London (via Antigua), and is served by Air Canada, American Airlines, British Airways, Delta, JetBlue, United and WestJet amongst other carriers.
The Turks and Caicos Island (TCI) is business-friendly and has a stable government as a British Overseas Territory. Her Majesty’s government-appointed Governor presides over a locally elected government.
The legal system in Turks & Caicos is based on English Common Law, providing a safe business environment. Global Canadian banks including Royal Bank of Canada, Scotiabank, and CIBC provide stable banking and reliable lending facilities to local and foreign homebuyers.
CURRENCY & COMMUNICATION
The U.S. Dollar is the official currency, and English is the official language.
Turks & Caicos has one of the highest GDPs in the region, as well as a very low crime rate.
As there is no land/asset holding tax, investors do not carry any on-going tax burden. Furthermore, there is no corporate, capital gains nor inheritance tax. The only taxes currently in place are regular import duties on items brought into the country and a one-time Stamp Duty on real estate acquisitions.
Homeowners of Beach Enclave properties may qualify for the Investment Residence Permit.
Cheshire Hall Medical Centre is a modern, state-of-art healthcare center located in Providenciales. Health services include emergency care, dental care, dialysis, internal medicine, surgical, orthopedic, obstetric and endoscopic procedures, physiotherapy and diagnostic imaging.