Turks & Caicos Islands Residence by Investment

Turks & Caicos Islands Residence by Investment

The Turks & Caicos Islands are an British Oversea Territory located in the Caribbean. The islands are famous for their exotic climate, beautiful beaches, low tax environment and for its luxurious lifestyle. Its one of the richest islands in the Caribbean and it levies no tax on personal and corporate income as well as VAT. The most popular island in the Turks and Caicos is the Providenciales which is home to stunning luxury villas.  The Caribbean’s were particularly hit by the Financial crisis of 2007-08 with investors in the US and Canada pulling a lot of their investments. The Turks and Caicos Islands created in 2008 a set of residence by investment programs (RBI) to help jump-start the economy and the property market. The Permanent Residence Certificate (PRC) was introduced to provide investors with permanent residence in the islands. Spouse and Children under 19 years of age can also qualify. Applicant can choose to invest in a business, a property or a public project. They can also decide which island they decide to invest in, although the most popular islands will require higher investment except in the case of a public project. Depending on your choice of investment you will be required to hold the investment for the length of your stay in the Turks and Caicos. Nevertheless, you can become eligible for naturalisation into British Oversea Citizen (BOTC) after 5 years of residence. The BOTC passport is one of the best in the world with visa free travel to the EU, Canada and the US.

Learn more about the Turks & Caicos Islands residence programs

Permanent Residence Certificate for Investors

Business Investment

Not less than $750,000 in a business or enterprise in the island of Grand Turk, Salt Cay, South Caicos, Middle Caicos or North Caicos AND the business generates employment in the Islands AND not less than 60% of the employees are non-work permit holders, OR

Not less than $1,500,000 in a business or enterprise in the islands other than the island of Grand Turk, Salt Cay, South Caicos, Middle Caicos or North Caicos AND the business generates employment in the Islands AND not less than 60% of the employees are non-work permit holders.

Real Estate Investment

Not less than $300,000 in the actual construction, purchase or renovation of a distressed property as a home in the island of Grand Turk, salt Cay, South Caicos, Middle Caicos or North Caicos , OR
Not less than $1,000,000 in the actual construction, purchase or renovation of a distressed property as a home in the islands other than Grand Turk, salt Cay, South Caicos, Middle Caicos or North Caicos

Public Project

Not less than $1,000,000 in a designated approved public sector project in the Islands.

Get more information on the government website.

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